Here’s Your Inside Look At an Extravagant $48 Million Florida Estate That Looks Worth Every Penny of Its Eye-Popping Price Tag

LuxuryFebruary 11, 2020

There are mansions. Then there are megamansions. And this new Italianate-style estate in the city of Coral Gables, Florida certainly counts as one of the latter group.

Potential Record-Setter

A look at the home’s winding staircase and elegant chandelier decor

The property is currently listed for a whopping $48 million, making it one of the most expensive homes in the already affluent suburb. In fact, if it manages to be bought at this asking price, the estate would hold the record for the priciest home ever sold in the area.

The top spot is reportedly currently held by another property, which was taken off the market for $43.7 million back in 2017. Located in the Gables Estates Club, a gated community, the estate was built by couple Martin J. Perez and Sofia Perez. Records show that the Perezes first acquired the property site in 2012 for just $12.4 million. They then dedicated the following several years to develop it into the 16,000 square feet abode it is today.

Martin reportedly works as a chief financial officer at a health insurance provider called Doctors HealthCare Plans. According to Judy Zeder of The Jills Zeder Group, the home was put up for sale as the couple has already started on other new projects and have other homes.

Smart & Elegant Home

The home office is furnished with crown moldings and walnut paneling

Despite its classic architecture, the mansion features a convenient smart technology system, which allows its future resident to have control over the home’s security cameras, shades, lighting, audio, and even the pool. Meanwhile, the rest of the property is described as being ‘custom done and picked out with love’. One good example is the stunning custom marble staircase, which adorns the mansion’s foyer.

The family room is also well-curated coming with its own wet bar and leading to the gourmet kitchen, which is impressively equipped with some state-of-the-art appliances and a pair of islands made from ‘Taj Mahal marble’.

Elsewhere in the home is a special wine room, which can reportedly hold more than 2,000 bottles of the alcohol and six bedrooms including a grand master suite on the second floor. Also just right outside is a covered patio where one can relax or catch up on shows using the retracting television that conveniently disappears into a cypress wood ceiling.

What more, residents of the home won’t have to worry about power outages in case of hurricanes as the mansion is equipped with a generator.

Oceanfront Estate

Completing the tropical paradise setting is a pool also facing the open waters

Another great thing about the mansion is its location right smack on the oceanfront. Because of this, the estate has facilities to accommodate the berthing of a superyacht, which wealthy boaters would certainly appreciate. The property also has its own private dock complete with a boat lift. For land transportation means, the mansion has a garage with room for three cars but can be renovated to hold twice that as well.