Hilda Maria Bacardi, whose family owns the Bacardi Rum franchise, sold her Coral Gables mansion Thursday for $19 million, which is $8 million less than it was first asking, according to listing records.
The great, great granddaughter of Bacardi Rum founder Facundo Bacardí Massó listed the property in 2016 for $27 million and then re-listed it for $25 million in 2017.
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Ms. Bacardi, 49, purchased the property in 1994 for $3.9 million, according to property records.
After an eight-year renovation was completed in 2016, the property was expanded into a 12-bedroom, 14-bath mansion. Miami-based architecture firm Portuondo Perotti designed the estate, incorporating Honduran mahogany doors and handmade copper exterior lighting.
The “Casa Costanera,” located on 300 Costanera Road is a Mediterranean-style estate boasting over 20,000 square feet of livable space. The mansion is nestled in the southeast corner of the exclusive Cocoplum Island in South Coral Gables.
The mansion is situated on a 1.3-acre plot of land and backs up to the canals of Lago Maggiore connecting to the Biscayne Bay. With 480 feet of water frontage, the property borders a stone pier on its southern end, just past the property’s multi-lane lap pool.
Barbara Estela and Hilda Jacobson of Douglas Elliman Real Estate, the listing agents associated with the property, declined to comment.
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Massó founded the Bacardi brand in Cuba in 1862. Though it’s most famous for its Rum, Bacardi is now an alcohol conglomerate. The company owns liquor brands such as Grey Goose vodka and Bombay gin.
The buyer’s name hasn’t been entered into public records yet.
Forbes first reported the sale.
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