Coral Gables Estate On 62,000-Square-Foot Waterfront Lot Listed For A Record-Setting Asking Price Of $48 Million

Tucked away in a private gated community in Coral Gables, Florida is a Tuscan villa-inspired estate that is waterfront living at its best. The home at 150 Arvida Parkway in Gables Estates is on the market for a record-setting asking price of $48 million thanks to its location on Biscayne Bay.

Designed by Miami architect Rafael Portuondo and built in 2018, the 16,120-square-foot residence is listed by Coldwell Banker’s The Jills Zeder Group. The two-story home on a sprawling 62,000-square-foot waterfront lot includes six bedrooms, seven bathrooms and two half-bathrooms. It features 200 feet of Biscayne Bay open waterfront, plus 200 feet of additional waterfront on a protected inlet with a private dock, boat lift and no bridge to the bay and the ocean beyond. 

The estate affords views of the scenic landscape from almost every angle. “This home takes your breath away, and numerous areas have wow factors, from the garden to the house to the views and to the details,” said Judy Zeder, who is co-listing the property with her son, Nathan Zeder. 

She explained, “It’s very difficult to find large properties, so when you get to anything that’s an acre or greater in Miami, they are really considered estate pieces because there are so few of these properties anywhere.”

The residence includes a smart technology system that controls all lighting, audio, shades, security cameras and the pool.

An elegant double-height foyer with a chandelier and stunning custom-designed marble staircase welcomes guests to the formal living room with a fireplace, media room extension and adjacent office with American walnut paneling and crown moldings.

“Everything in the house is custom done and picked out with love,” said Zeder.

The gourmet kitchen is equipped with state-of-the-art appliances and two expansive islands boasting Taj Mahal marble. The kitchen flows into the family room with a wet bar made of Macassar ebony wood. The sophisticated wine room can store 2,200 bottles of wine.

Zeder said the house was built beyond what was required by local Florida building codes with sturdy construction and impact-resistant windows and doors. A whole-house generator kicks in automatically if the electrical grid is out.

The second-floor grand master suite beckons with a morning bar made of rosewood, a fireplace and two custom master closets. The private terrace in the master bedroom showcases historic Cuban tile floors.

The chic master bathroom includes marble details, a steam shower, free-standing tub and access to a terrace with a fountain.

French doors open off the living areas onto the backyard situated directly on Biscayne Bay. There is something peaceful about the infinity pool, which takes center stage with a waterfall that flows into the Jacuzzi.

A summer kitchen, pergolas, verandas, covered terraces and a covered balcony spanning the width of the back of the residence set the scene for outdoor dining and entertaining. All the cladding and columns on the house are made of Dominican keystone.

Oh, perhaps one of the biggest perks of the property is its capability of berthing a superyacht. “One of the really amazing amenities that this house has is if you have a 100-plus-foot yacht, you can have that at this property,” Zeder said. “That is a feature that many, especially big boaters, like to have.”

The attached garage is designed to hold three cars, but Zeder said the ceilings are high enough that a lift could be installed to transform the space into a six-car garage.

The residence is a short drive from Miami International Airport and near fine restaurants, retail amenities, the beach, theaters, the Florida Grand Opera and sports and entertainment facilities.

“If you want to go to a Miami Heat game, Miami Dolphins game or the Miami Open, it’s all right there,” said Zeder. 

When you need a break from the city, she said, “The other thing is if you have a boat, and you want to go to the Bahamas for fishing, it’s a 90-minute drive.”

Click here to watch a video showcasing the waterfront estate. For more information and to contact The Jills Zeder Group, visit JillsZeder.com.