{"id":248639,"date":"2026-04-27T19:36:10","date_gmt":"2026-04-27T19:36:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/248639\/"},"modified":"2026-04-27T19:36:10","modified_gmt":"2026-04-27T19:36:10","slug":"manny-medina-finds-buyer-for-30-million-coral-gables-manse","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/248639\/","title":{"rendered":"Manny Medina Finds Buyer for $30 Million Coral Gables Manse"},"content":{"rendered":"

Miami billionaire Manny Medina secured a buyer for his waterfront Coral Gables mansion, which is on the market for nearly $30 million.\u00a0<\/p>\n

It\u2019s one of 28 luxury home contracts signed in Miami-Dade County between April 20 and April 26, according to the latest Eklund-Gomes report.\u00a0<\/p>\n

The report tracks listings of homes and condos asking $4 million and up in Miami-Dade<\/a> that are included in the Multiple Listing Service. The properties spent 188 days on the market, on average.\u00a0<\/p>\n

Thirty-six luxury listings were added to the market, for a total of 1,248 listings.\u00a0<\/p>\n

The previous week<\/a>, buyers signed 21 contracts for properties in Miami-Dade, asking a combined $236.4 million.\u00a0<\/p>\n

The asking dollar volume for the 18 single-family homes and 11 condos under contract last week totals $275.5 million, according to the report published by the Douglas Elliman team, led by Fredrik Eklund and John Gomes.\u00a0<\/p>\n

The single-family homes that entered into contract last week have an average asking price of $10.5 million and spent an average of 179 days on the market. They total $178.4 million in asking dollar volume.\u00a0<\/p>\n

At the top is Medina\u2019s Mediterranean modern estate at 555 Arvida Parkway in Gables Estates<\/a>. The 13,100-square-foot, six-bedroom and six-and-a-half-bathroom home is on the market with Ralph Arias of One Sotheby\u2019s International Realty. Medina paid $7 million for the 1-acre property in 2013, records show. The house was recently fully renovated, according to the listing. In 2019, it was set to be auctioned off<\/a> but Medina ended up keeping the house.\u00a0<\/p>\n

Medina, founder and chairman of eMerge Americas, sold his company, Terremark, to Verizon Communications for $1.4 billion in 2011.\u00a0<\/p>\n

The condos that secured buyers last week have an average asking price of $8.8 million and spent 203 days on the market, on average. They total $97.1 million in asking dollar volume, or an average of $2,520 per square foot.\u00a0<\/p>\n

The priciest condo in the report is the 7,630-square-foot unit at 7085 Fisher Island Drive, at Palazzo Del Sol. The six-bedroom, eight-bathroom condo is on the market with Dora Puig of Luxe Living Realty for $28.9 million, or nearly $3,800 per square foot.\u00a0<\/p>\n

Last week in New York, buyers signed contracts for 34 homes, according to the latest Olshan report<\/a>. Their combined asking price is more than $280 million, and the typical home spent 616 days on the market.<\/p>\n

\tRead more
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\t\t\t<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Miami billionaire Manny Medina secured a buyer for his waterfront Coral Gables mansion, which is on the market…\n","protected":false},"author":2,"featured_media":248640,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[225,227,226,109021],"class_list":["post-248639","post","type-post","status-publish","format-standard","has-post-thumbnail","category-hialeah","tag-hialeah","tag-hialeah-headlines","tag-hialeah-news","tag-manny-medina-coral-gables"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/248639","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=248639"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/248639\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/248640"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=248639"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=248639"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=248639"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}