Spectacular Miami mansion sells for $17M

A magnificent waterfront estate in Miami inspired by the Vanderbilt mansion in Fisher Island sold for $17.26 million ($1,155 per foot) after asking as much as $22.5 million in 2015.

It’s the fourth priciest sale in Coral Gables within the last year, per Redfin.

Designed by Cesar Molina and Jodel Narcisse, the 14,946-square-foot home in Gables Estates sits on a 1.1-acre lot and features 270 feet of canal frontage near Biscayne Bay. It has five bedrooms, five bathrooms, and boasts many expansive terraces, porticos, and a gazebo.

Additional details of the Mediterranean home on Leucadendra Drive include vaulted ceilings, a summer kitchen, outdoor fireplace, a lovely open kitchen, wine cellar, and a motor court paved in Argentinean cobblestone.

Belinda Sime represented buyers Dr. Jorge and Yanin Acevedo and says the sellers are David and Lily Beirne, who were represented by Val Byrne of EWM. David is listed as a co-founder of Fantex, which began as an athlete stock exchange where one could purchase shares of particular players but has since pivoted.

The home was built in 2004 and previously sold for $15.84 million in 2012.