The property is located in the luxury residential neighborhood of Florida, in the United States. Details below.
A property located in La Gorce Islandfacing Biscayne Bay, shocked Florida’s luxury residential market upon learning of the sale of a property with a high price. The time before the real estate transaction was carried out, the real estate world in the United States became abuzz. It was a transaction that required an agreement to be carried out.
And it was no wonder, it was a US$132 million transaction, which was divided between two buyers. The property has almost 1,214 hectares and had been owned by M. Lee Pearce, a doctor and philanthropist, until his death in 2017. He entered the market some time ago with a value that was around US$170 million. After being offered by specialized portals and shown, without success, by important brokers, it was withdrawal from marketing.
La Gorce Island
What is the mansion that sold on La Gorce Island for $132 million like?
The specialists were forced to consider an adjustment after an analysis of the market and the economic context. The home returned to the market with a value and a proposal more in line with these times.
A new marketing strategy was carried out that proposed a segmentation of the property. The property was subdivided into four lotswhich could be purchased as a block or separately, where prices varied from US$23 million to US$51 million per division.
This new commercial proposal was successful: three of these areas were acquired by the same buyer. He was left with two plots that have buildings, which will be demolished, the remaining land has an impressive private park.
The second buyer was left with the lot that has the largest and most important building.
Source: Ambito
I am an author and journalist who has worked in the entertainment industry for over a decade. I currently work as a news editor at a major news website, and my focus is on covering the latest trends in entertainment. I also write occasional pieces for other outlets, and have authored two books about the entertainment industry.
