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Gables Estates Billion-Dollar Flip | Real Estate News
A waterfront gem in Coral Gables’ ultra-exclusive Gables Estates just sold for $41.6M — a move that’s raising eyebrows after the seller reportedly paid $38M just two years ago, then spent millions on demolition and taxes, possibly losing money on the flip. While this is a major deal, it’s dwarfed by a $55M mansion sale earlier this year and the rumored $400M listing of a nine-acre estate owned by healthcare billionaire Mike Fernandez, amid divorce rumors. Meanwhile, MasTec’s Jose Mas is buying a waterfront lot for $14.9M to build his dream home, while his brother Jorge Mas recently sold a…
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