A newly built Coral Gables, Florida home has changed hands for the second time in just over a year, netting a $4.5 million profit in the process.\u00a0<\/p>\n
Thomas Peck and Jill Barnes sold the nearly 10,000-square-foot home on Old Cutler Road for $21.5 million in December, Mansion Global has learned, which is 26% higher than the\u00a0 $17 million they paid for it in 2024.\u00a0<\/p>\n
MORE:\u00a0Billionaire Bill Koch Sells Banking Scion Paul Mellon\u2019s Former Cape Cod House for $20 Million<\/a><\/p>\n The seven-bedroom mansion, completed in 2023, is on a 1.14-acre lot in the gated Snapper Creek Lakes community. It was designed by the previous owner, Giorgio Balli of the Miami-based architecture firm Balli Group. The home features floor-to-ceiling glass, pitched steel black roofs of different volumes and a cantilevered glass-walled terrace.<\/p>\n The home is built around a pool deck that connects to a covered patio under the terrace, which then leads indoors via large sliding doors. Other architectural touches include a wood-paneled overhang over the main entryway and a matching concrete overhang that envelopes the standalone three-car garage.\u00a0<\/p>\n The buyers, an international couple with a young child, were looking for at least an acre of land, a gated community and new construction, said Kristy Gugunava with the Chad Carroll Group, who represented them. \u201cIn Coral Gables, that combination is extraordinarily rare,\u201d she said.\u00a0<\/p>\n Ultimately, the deciding factor for them was the floor plan, which offers a natural flow, spaces for daily life and entertaining and a private primary room within its own wing, Gugunava said.\u00a0<\/p>\n The buyers could not be identified further.<\/p>\n The home is on a dry lot, but residents of Snapper Creek Lakes have a private marina with direct access to Biscayne Bay, according to the listing with Evelyn Carrero of Aria Luxe Realty.\u00a0<\/p>\n Balli had purchased the lot in 2020 for $1.8 million before selling it to Peck and Barnes in July 2024, according to property records. The California-based sellers initially listed it in August 2025 for $25 million and it was last asking $22.5 million when it went into contract in mid-December. The deal closed Monday, according to court records.\u00a0<\/p>\n Peck, former president of flooring company Custom Building Products, has bought and sold a number of properties, including an oceanfront home in Laguna Beach, which sold for over $20 million in 2021. He also built a Tuscan-style megavilla\u2014complete with imported terracotta, painted medieval ceilings and a bell tower\u2014in Irvine, California, which was briefly on the market for $45 million<\/a> in 2024.<\/p>\n","protected":false},"excerpt":{"rendered":"A newly built Coral Gables, Florida home has changed hands for the second time in just over a…\n","protected":false},"author":2,"featured_media":379720,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[176953,184739,176965,184746,176954,176966,2808,176945,176957,185600,185599,185603,185602,4265,7600,184180,161226,184738,184745,20719,74,21,184187,185601,176967],"class_list":["post-379719","post","type-post","status-publish","format-standard","has-post-thumbnail","category-technology","tag-content-type-content-type-article","tag-content-type-content-type-gallery","tag-content-type_content-type-article","tag-content-type_content-type-gallery","tag-credited-by-mansion-global","tag-credited_by_mansion_global","tag-florida","tag-integration-apple-news","tag-integration_apple-news","tag-location-market-miami","tag-location-market-south-florida","tag-location_market-miami","tag-location_market-south-florida","tag-north-america","tag-retail","tag-retail-wholesale","tag-southern-u-s","tag-subject-subject-sales","tag-subject_subject-sales","tag-synd","tag-technology","tag-united-states","tag-wholesale","tag-wholesalers","tag-wsj-pro-mansion-global"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/379719","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=379719"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/379719\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/379720"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=379719"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=379719"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=379719"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}