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Son of Ex-Mexican President Sells Miami Refuge for Neighborhood Record

At more than $5 million, the sale was the most expensive for a non-waterfront property in Coconut Grove

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The eldest son of former Mexican president Ernesto Zedillo Ponce de Leon has sold his six-bedroom mansion in Coconut Grove, Florida, for $5.082 million, a record price for a non-waterfront home in the area.

The junior Ernesto Zedillo, an architect, bought the underlying property in 2012 for less than $1 million and custom built the so-called "Hammock House," which was completed in 2014, according to property records.

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The 6,212-square-foot home sold to a South American businessman, said listing agent Michael Light of Douglas Elliman.

The Real Deal reports that the sale set a new record for non-waterfront homes in Coconut Grove, a Miami oasis for celebrities and business people. Past and president residents in the neighborhood include Sylvester Stallone, LeBron James and journalist Jorge Ramos.

The last non-waterfront record setter in the area was a Phineas Paist-designed, seven-bedroom house, which sold for $4.77 million last year, according to sales records. (That house is now selling again for nearly $7 million.)

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Hammock House is located in the exclusive gated Camp Biscayne. The modern home has marble flooring throughout, a heated, 40-foot salt-water pool, hot tub and outdoor-summer kitchen, according to the listing. A living space encased in windows juts out into the lush tropical foliage of the backyard, images of the home show.

There is also a modern, window-lined guest house separate from the main residence.