A Mediterranean hacienda in Coral Gables, Florida, inspired by the Vanderbilt mansion on Fisher Island, changed hands for $17.255 million on Wednesday after lingering on the market for more than two years.
It was the second most expensive sale this year in Gables Estate, an exclusive gated community, according to Val Byrne, listing agent of EWM Realty International, an affiliate with Christie’s International Real estate.
The property was last offered for $17.9 million last February. But it had been previously listed for $22.5 million and dropped to $19.9 million in 2015, per the listing history.
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Designed in 2004 by architects Cesar Molina and Jodel Narcisse, the mansion was inspired by the Vanderbilt mansion on nearby Fisher Island. The two-story main residence is built to follow the arc of the property and lagoon. Two carriage houses and a two-bedroom service houses encircle a motor court, which is paved in Argentinean cobblestone.
The 1.1-acre property boasts 270 feet of water frontage. "It’s one of the most magnificent waterfront properties in a gated community," Ms. Byrne said.
There seven bedrooms and seven-and-a-half bathrooms. Outdoor living spaces include covered terraces with vaulted ceilings, a fireplace, a summer kitchen, as well as an infinity edge pool with spa.
The sellers, whom Ms. Byrne declined to identify, bought the estate for $15.835 million in 2012, according to public records.