Coconut Grove Breaks Sales Records Again With $49 Million Trophy Property Posted on May 17, 2023May 18, 2023 by Sarah Elles Boggs Coconut Grove has reclaimed its title as the holder of the most expensive home sale in Miami Dade County for 2023 with the off-market purchase of 3301 Moorings Way for $49 million, property records show. While the identity of the buyer remains under wraps, the transaction has been logged by the county for the 8,879-square-foot waterfront manse that was previously owned by Carlos and Luciana Haskim. The Haskims acquired the six-bedroom home in 2010 for $10.1 million. The home was constructed in 2007 with a waterfront infinity pool, loggia, and 2 levels of Mediterranean-inspired opulence on a lot that is just over 1/2 acre. 3301 South Moorings Way Coconut Grove FL Backyard | Photo credit: Brown Harris Stevens Looking at the sales figures, the Moorings Way deal amounts to $5,500 per square foot of air conditioned space, or $1,875 per square foot of land. The second most expensive transfer took place in March of this year when wealth manager Paul Morelli paid $48.5 million for a waterfront home at 3007 Brickell Avenue in northeast Coconut Grove/South Brickell. This deal added to a multi-acre assemblage, but the home itself traded for $6,250 per square foot. Last fall, hedge fund billionaire Ken Griffin paid $107 million for a 4-acre waterfront property with two mansions on it. This deal amounted to $614-per-square-foot of land. He later announced plans to relocate one of the homes to be enjoyed by the public, as it is a historic property. Mr. Haskim earned his ranks as a neuroscientist and biomedical engineer who was involved with the development of a device to treat certain forms of dementia, according to The Real Deal. Mrs. Haskim also has an impressive resume as an attorney who works on international transactions. They are both keen investors, earning five times the purchase price on their luxurious home. Gladswood, LLC is listed as the new owner. Being that it is registered in Delaware, we are unable to determine who is behind this curtain until a formal announcement is made. 3301 South Moorings Way Coconut Grove FL Waterfront Lounge | Photo credit: Brown Harris Stevens These transactions are all testimonies to the point we were making yesterday about the vitality of Miami’s luxury real estate market. While other cities are struggling under the pressure of increased rates and decreased sales activity, the Miami area is struggling only under growing pains and lack of inventory. Of all of the areas in Miami, Coconut Grove is continuing its renaissance with no end in sight and we welcome all of the new neighbors to our community. If you are interested in learning more about life in Coconut Grove, please contact Michael Light, Grove resident as well as Broker and Executive Director of Luxury Sales at Douglas Elliman Real Estate. We are incredibly tied-in with the community and able to track down off-market deals if needed. We would love to have you as a neighbor.
Record-Breaking Sale: Ken Griffin Pays $107 Million For Adrienne Arscht’s Coconut Grove Waterfront Compound Posted on September 7, 2022September 9, 2022 by Sarah Elles Boggs Coconut Grove now holds the title as the area of Miami-Dade County that boasts the highest-priced residence after Ken Griffin laid roots there this week. He has been named as the undisclosed buyer of Adrienne Arscht’s palatial waterfront estate, located at 3031 and 3115 Brickell Avenue in Coconut Grove. The estate had been on the market for a jaw-dropping $150 million, so Mr. Griffin scored a nice deal and Ms. Arscht still made records with her landmark sale. No other house over $100 million has ever been sold in Miami-Dade County. Let’s take a look at it. Arscht Mansion Coconut Grove Pool by 1Oak Studios The property is actually comprised of two mansions that are built on a 4-acre parcel with 400 linear feet of bay frontage. This is going to allow for Mr. Griffin to have a home for himself and a separate home for entertaining his mega-financier clients and colleagues, or just friends as Ms. Arscht did during her time at Total Bank. Inside Indian Spring The primary home is known as Indian Spring and was built in 1999. It was designed by the former dean of the University of Miami’s School of Architecture, Jose Gelabert-Navia. It is a true entertaining home with 5 bedrooms, a grand salon, garden room and a dining room with that seats over 20 Citadel execs, or Griffin family members or friends. There is a separate apartment and office upstairs and a six-car garage. The design boasts carved ceilings, marble floors and a direct view of the water. Outdoor amenities include a pool, manicured gardens and a tennis court. Indian Spring Coconut Grove Backyard by 1Oak Studios Indian Spring Coconut Grove Grand Salon by 1Oak Studios Indian Spring Coconut Grove Bedroom by 1Oak Studios Indian Spring Coconut Grove Dining Room by 1Oak Studios Inside Villa Serena The second residence on the estate is called Villa Serena. Having been built in 1913 by former US Secretary of State & presidential candidate three times, it is now on the National Register of Historic Places. She purchased the property for $12 million in 2007 when she discovered that a developer was in negotiation on the home and had intentions of tearing it down. She stepped up and stepped in, then renovated the home to its original glamor with the conveniences of modern day life. Villa Serena Coconut Grove Entry by 1Oak Studios Arscht Mansion Coconut Grove View by 1Oak Studios This transaction represents the largest residential transaction ever in Miami-Dade County and the only home ever sold in the county for 9-figures. The previous record holder was a 3-property assemblage in Golden Beach, which sold for $93 million to InterSystems founder Phillip Ragon. He plans to demolish the properties and start anew. Ken Griffin has held the “top purchase” crown before with his $75 million purchase on Miami Beach’s Star Island. It remains to be told whether the new purchase was due to the size of the estate, if he fell in love with it, or if he just loves holding records. Either way, we are happy to have him and Citadel in Miami. Ever since listing the home, Archt has pledged to donate the proceeds to an undetermined charity. After looking over her philanthropic record in the Magic City, we are sure it will go to great use. “As the steward of this beautiful property, I am proud to leave its legacy to the next generations of caretakers,” said Arsht in the press statement. “May they also enjoy the breathtaking view!”