Saturday, November 5, 2016

The Keyes Company Closes $25.8 Million Sale of Gables Estates Mansion, Second-Highest Price This Year for Miami-Dade Single-Family Home

110 Arvida Parkway, Gables Estates, Coral Gables, FL

Lance Ruffe
CORAL GABLES, FL – Lance Ruffe and Ray Betancourt of The Keyes Company Luxury Division listed and sold a Gables Estates mansion for $25.8 million, the second-highest price this year for a single-family home in Miami-Dade County.

According to Ruffe, the estate also has a place in movie history. One year after its construction, location scouts found the property and received permission to film “Two Much,” the 1996 romance in which stars Antonio Banderas and Melanie Griffith met and fell in love in real life.

The home at 110 Arvida Parkway had been on the market for two years with a different real estate agency before Keyes won the listing in November 2015.

“We properly conveyed the true value of the home by showing comparable waterfront sales in the Gables, Key Biscayne and other exclusive communities such as Indian Creek and Star Island,” said Ruffe.

The two-story, Mediterranean-style residence built in 1993 on almost two acres, has unobstructed bayfront views, a 200-foot dock and seawall, six bedrooms and nine-and-a-half bedrooms. Neither the buyer nor the seller were identified.

The sale’s completion, as well as the July 2016 merger with Illustrated Properties, reflects the strength of Keyes’ luxury position.

Ray Betancourt
Following the merger, Keyes and Illustrated are, together, the largest independently-owned real estate firm in Florida and a Top 25-ranked firm in the entire United States. Keyes and Illustrated have doubled their $1 million-plus property sales throughout South Florida.

Independently-owned and operated since its founding in 1926, Keyes stays very active in luxury residential real estate alongside its Valore Group Real Estate and Platinum Properties divisions. 

Keyes annually sells $650 million in luxury homes priced at $1 million or more. The company expects to grow its annual sales velocity in that category to more than $1 billion.

Keyes is a founding member and shareholder of Leading Real Estate Companies of the World®, a global network of more than 550 premier real estate firms encompassing 4,000 offices and more than 128,000 Sales Associates in 55 countries, and Luxury Portfolio International™, which sells more $1 million-plus properties than any other brand in the world.

For a complete copy of the company’s news release, please contact:

Ashley Fierman
Account Executive, BoardroomPR
O 954-370-8999
C 954-330-1554
Bank of America Plaza | 1776 N. Pine Island Road

Suite 320 | Plantation, FL 33322.    

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