{"id":331286,"date":"2026-07-06T23:31:11","date_gmt":"2026-07-06T23:31:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/331286\/"},"modified":"2026-07-06T23:31:11","modified_gmt":"2026-07-06T23:31:11","slug":"former-university-of-miami-presidents-home-site-sells","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/331286\/","title":{"rendered":"Former University of Miami Presidents\u2019 Home Site Sells"},"content":{"rendered":"

The hidden owner of a waterfront lot in the exclusive Gables Estates community sold the property for $41.6 million, likely breaking even or losing money on the investment.\u00a0<\/p>\n

Property records show 8565 Old Cutler LLC, managed by Logan Gans, sold the 4.6-acre property at 8565 Old Cutler Road in Coral Gables. Miami Real 1 LLC purchased the lot. The seller paid $38 million<\/a> for the home, a teardown, in 2022. A notice of commencement to demolish the home was filed last year by Mutchnik Construction Group.\u00a0<\/p>\n

With annual property taxes of the past three years totaling more than $1.7 million, the cost of real estate commissions and the cost of demolishing the home, the seller likely pocketed far less than expected.\u00a0<\/p>\n

The property was on the market for nearly $50 million with Jill Hertzberg of the Jills Zeder Group at Coldwell Banker, while Marilyn Miguel of Miami Real Estate Global represented the buyer.\u00a0<\/p>\n

It has previously housed former presidents of the University of Miami, including former U.S. Rep. Donna Shalala.\u00a0<\/p>\n

The sale is one of the biggest in Gables Estates over the past few months \u2014 but not at the top.\u00a0<\/p>\n

In April, attorney Anthony Lopez and former \u201cReal Housewives of Miami\u201d star Dr. Nicole Martin flipped their waterfront mansion in the same community for $55 million<\/a> in an off-market deal. That sale came just eight months after they bought the home for $34 million and gut-renovated the property.\u00a0<\/p>\n

Also around the same time, Jose Mas, CEO of MasTec and co-owner of Inter Miami, paid $14.9 million for the 1-acre waterfront property at 9175 Arvida Parkway<\/a>, where he plans to develop a new mansion designed by Cesar Molina. That purchase was part of the Mas family\u2019s continued high-profile real estate activity: Mas\u2019 brother, Jorge Mas, sold a waterfront lot for over $100 million late last year, and reportedly paid $75 million for a newly completed mansion, also in Gables Estates.<\/p>\n

In May, luxury home developer Alex Pirez paid $24.3 million<\/a> for the house at 665 Leucadendra Drive. Pirez will likely knock the Gables Estates home down and build a new mansion.<\/p>\n

A massive estate of nearly 9 acres is rumored to be asking $400 million<\/a> as a whisper listing. The owner is healthcare industry billionaire Mike Fernandez, founder and chairman of the Coral Gables-based private equity firm MBF Healthcare, who is in the midst of a divorce.<\/p>\n

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\n\t\t\t\t\t\t\t\t\tSouth Florida\t\t\t\t\t\t\t\t<\/p>\n

Sky\u2019s the limit? Miami\u2019s ultra-rich are quietly shopping these trophy homes<\/p>\n

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\n\t\t\t\t\t\t\t\t\tSouth Florida\t\t\t\t\t\t\t\t<\/p>\n

Former \u201cReal Housewives\u201d star, attorney fianc\u00e9 flip Coral Gables estate for $55M<\/p>\n

\t\t\t<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"The hidden owner of a waterfront lot in the exclusive Gables Estates community sold the property for $41.6…\n","protected":false},"author":2,"featured_media":331287,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[136716,123,125,124],"class_list":["post-331286","post","type-post","status-publish","format-standard","has-post-thumbnail","category-miami","tag-home-site-gables-estates","tag-miami","tag-miami-headlines","tag-miami-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/331286","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=331286"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/331286\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/331287"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=331286"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=331286"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=331286"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}