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Miami, FL
The waterfront estate in Coral Gables, once owned by the late Bunny Bastian, has been sold for a staggering $36 million. This mansion, nestled in the heart of Gables Estates, is not just a symbol of luxury but also an emblem of a family's rich history intertwined with global affairs of the 20th century.
Key Details of the Sale
- The Property: Located at 140 Arvida Parkway in Gables Estates, the 11,500-square-foot mansion boasts seven bedrooms, five bathrooms, a pool, and an impressive 200 feet of waterfront on both the front and back of the property.
- Historical Significance: Built in 1963 by industrialist Arthur Vining Davis's Arvida Corporation, the property was later purchased by the Bastians in 1984 for $1.2 million.
- Listing Insights: Initially listed for $45 million in November, this sale ranks among the priciest in Gables Estates history.
The Bastian Legacy
Bunny Bastian, a philanthropist known for her involvement in numerous charities and arts groups, was also deeply connected to the family business, Southern Air Transport. This cargo airline, once a front for the CIA, played significant roles in global events, from the Iran-Contra scandal to dealings with Pablo Escobar's Medellin cartel. The airline's operations spanned decades, with its peak under the ownership of James H. Bastian, Bunny's husband.
Gables Estates: A Magnet for High-Profile Sales
Gables Estates, renowned for its expansive waterfront estates, has witnessed a series of high-profile sales this year. The neighborhood's allure, especially its bay frontage, continues to attract elite buyers. Recent sales include Leon Medical Centers CEO Benjamin Leon III's waterfront lot for $10.4 million and attorney John Ruiz's $30 million mansion sale.
Reflecting on the Trends
The sale of Bunny Bastian's estate underscores the enduring appeal of Miami's luxury real estate market. Properties with rich histories and prime locations continue to fetch top dollar, reflecting the city's status as a global real estate hotspot.
Final Thoughts
Miami's real estate landscape is as dynamic as its history. Each sale tells a story, offering insights into the city's past, present, and future. For those keen on exploring Miami's luxury real estate market or understanding its rich tapestry, now is the time to dive in.
Curious about Miami's luxury estates or the stories behind them? Text me and let's uncover the tales that shape this vibrant city.