One of the most significant luxury home sales in Coral Gables has officially closed. 555 Arvida Parkway, an extraordinary waterfront estate located within the ultra-exclusive Gables Estates community, has sold with Michael and Jaimee Light of The Light Group representing the buyers.
Situated on more than one acre with 180 feet of prime waterfront frontage, the residence is one of the premier properties within a neighborhood widely recognized as one of the most prestigious residential enclaves in South Florida. Gables Estates continues to attract CEOs, entrepreneurs, professional athletes and international buyers seeking unmatched privacy, security and direct access to Biscayne Bay.
A Trophy Waterfront Estate in Gables Estates
Originally renovated from top to bottom in 2015, the estate combines timeless Mediterranean architecture with clean contemporary interiors across approximately 13,147 square feet of living space.
Designed for both luxury living and entertaining, the six-bedroom residence offers an impressive collection of amenities rarely found in a single property. Highlights include soaring ceilings, expansive walls of glass, a dramatic billiards room featuring a spectacular see-through aquarium that connects to the private office, a climate-controlled 5,000-bottle wine cellar with tasting room, a state-of-the-art chef’s kitchen and spacious family room with oversized bar seating.
The home’s lower level further elevates the lifestyle experience with a private movie theater, expansive fitness center complete with sauna and full bath, oversized recreation room, staff quarters and flexible bonus space ideal for additional storage or future customization.
Five-plus garage spaces, a private elevator and approved plans for future expansion make the property as functional as it is luxurious.
Resort-Style Outdoor Living Designed for Entertaining
Beyond its impressive interiors, 555 Arvida Parkway offers an outdoor living experience that rivals many of Miami’s finest private resorts.
The estate is centered around a spectacular resort-style swimming pool and spa, surrounded by expansive terraces designed for year-round entertaining. Multiple lounge areas create inviting spaces to relax while overlooking the property’s lush tropical landscaping and wide-water views.
An outdoor summer kitchen with a built-in BBQ makes entertaining effortless, while the expansive lawn provides an ideal setting for family gatherings, children’s play or large-scale events. Every element of the backyard has been thoughtfully designed to maximize both privacy and enjoyment, creating a seamless connection between the home’s indoor and outdoor living spaces.
Built for the Ultimate Miami Boating Lifestyle
For boating enthusiasts, 555 Arvida Parkway offers one of the finest waterfront settings in Coral Gables.
With 180 feet of waterfront, a 100-foot private dock and boat lift, the property can comfortably accommodate multiple vessels while providing quick access to Biscayne Bay and the Atlantic Ocean without fixed bridges. This combination of expansive waterfrontage and protected dockage remains one of the defining characteristics that continues to drive demand throughout Gables Estates.
One of Only 24 Homes with Exclusive Tennis Club Access
One of the property’s most unique features is its membership among an exceptionally small group of residences.
The home is one of only 24 properties in all of Gables Estates with exclusive access to the private Leucadendra tennis courts, offering residents a private country club-style amenity unavailable to the vast majority of homeowners within the community.
This rare privilege further distinguishes an already exceptional estate in one of Miami’s most tightly held luxury neighborhoods.
Why Gables Estates Remains One of Miami’s Most Coveted Communities
Located in the southern portion of Coral Gables, Gables Estates consistently ranks among the most exclusive gated waterfront communities in Florida. The neighborhood features large estate lots, deep-water canals, 24-hour guarded security and some of the most valuable residential real estate in the country.
Its central location provides convenient access to Coconut Grove, Brickell, Miami International Airport and the private schools, golf clubs and yacht clubs that define the Coral Gables luxury lifestyle.
With an extremely limited number of homes and very little turnover each year, opportunities to purchase within Gables Estates remain exceptionally rare.
Gables Estates is home to one of the most expensive new construction homes in all of Florida. See this $175,000,000 estate currently on the market: 600-620 Arvida Pkwy.
Michael Light and Jaimee Light Represent the Buyers
Michael Light and Jaimee Light of The Light Group at Douglas Elliman proudly represented the buyers in the acquisition of 555 Arvida Parkway.
Their expertise in Miami’s luxury waterfront market continues to position clients for success in acquiring some of South Florida’s most sought-after properties, including exclusive off-market and trophy estate opportunities throughout Coral Gables, Coconut Grove, Miami Beach and beyond.
If you are interested in buying or selling luxury real estate in Gables Estates, Coral Gables or anywhere across Miami’s premier waterfront communities, contact Michael Light, Broker and Executive Director of Luxury Sales at Douglas Elliman Real Estate. You may reach Michael directly at 786.566.1700 or michael@miamiluxuryhomes.com.
Photos Provided by One Sotheby’s