One of Miami’s largest homes sells for $12M

One of Miami’s biggest homes, a waterfront mansion in Coconut Grove, just sold for $12.4 million, the second highest single-family home sale in the Grove within the last year (behind the $35M La Brisa, which sold to Ransom Everglades).

At 14,097 square feet, it was one of the largest homes for sale in Miami-Dade County and was previously asking as much as $16.9 million. Totaling eight bedrooms and eight bathrooms, the property also has a two-bed, two-bath guest house.

Additional features include a wine cellar, chef’s kitchen with four ovens, a gym, 200 feet of protected dockage on a canal, and 220 feet of frontage along Biscayne Bay.

“This is a very important sale for Coconut Grove as there have been no other sales above $10 million in the past year aside from 3551 Main Highway, which was a completely different type of asset on 6.9 acres,” said Douglas Elliman’s Chad Carroll, who listed the property. “This magnificent residence is truly one of the most desirable properties in South Florida, and we’re thrilled to set another record in the area with today’s transaction.”

The 1930s home was renovated in 2009 and designed by Ernesto Cercas. It sits on over 42,000 square feet in Entrada Estates and last sold in 2005 for $6.6 million.