Billionaire's Neighbors List Estate for $110M in Coconut Grove

Miami's luxury real estate market is experiencing a surge in high-end listings and sales, with the latest example being a 1.6-acre waterfront estate in Coconut Grove hitting the market for $110 million. The property, located at 3149 Brickell Avenue, is situated next to the bayfront compound of billionaire Ken Griffin, who purchased his estate for $106.9 million four years ago.

The sellers of the estate are Jim Nunes and Karen Romfh Nunes, with Karen being a descendant of Miami's prominent Romfh pioneer family. Her grandfather, Edward C. Romfh, was a notable figure in the city's history. The Nunes' decision to list their property for sale comes at a time when Miami's ultra-luxury market is heating up, with several high-profile purchases making headlines in recent months.

Google co-founders Larry Page and Sergey Brin have reportedly made major purchases in the area, while Meta CEO Mark Zuckerberg is said to be considering a $200 million listing on Indian Creek Island. The estate in question has been marked under contract since the news broke that Zuckerberg and his wife Priscilla Chan were eyeing the under-construction mansion.

The Coconut Grove estate, which boasts stunning waterfront views and expansive grounds, is one of the most expensive listings to hit the market in Miami this season. The property's asking price of $110 million surpasses the price Griffin paid for his neighboring estate, highlighting the growing demand for luxury properties in the area.

Miami's luxury real estate market has been experiencing a resurgence in recent years, driven in part by the city's growing reputation as a hub for tech and finance. The influx of high-net-worth individuals and families has led to increased demand for high-end properties, pushing prices upward.

The Nunes' estate, with its prime waterfront location and expansive grounds, is likely to attract significant interest from potential buyers. The property's proximity to Griffin's compound and other high-end estates in the area only adds to its appeal.

As the Miami luxury market continues to heat up, it remains to be seen whether the Nunes' estate will sell for its asking price of $110 million. However, given the current trends and demand for high-end properties in the area, it is likely that the sale will set a new benchmark for luxury real estate in Coconut Grove.

Sources:

• "Ken Griffin's Coconut Grove neighbors list estate for $110M"