Published by The Real Deal South Florida, September 13, 2021
Developer Jorge Pérez sold his waterfront Coconut Grove, Florida estate for its asking price of $33 million.
Pérez, the billionaire founder and CEO of Related Group, and his wife Darlene, are donating the proceeds from the sale of their mansion at 3323 Devon Court to the Miami Foundation via the Pérez family’s fund, according to a press release. More recently, Pérez’s fund has given to Covid-19 recovery efforts and to Support Surfside.
The couple moved earlier this year to One Park Grove in Coconut Grove, after closing on an upper penthouse for $7.4 million in February. Related and Terra co-developed the three-tower project, called Park Grove.
Pérez listed his 10,152-square-foot mansion in July, and the sale closed on Wednesday, according to the MLS. Jill Hertzberg and Jill Eber of Coldwell Banker’s The Jills Zeder Group represented the seller, while Lisa Sayfie of Compass represented the buyer. The Jills declined to comment, and Sayfie did not immediately respond to a request for comment.
Pérez paid just under $2 million in 1994 for the nearly 1-acre property, which is within the Hughes Cove gated neighborhood. The three-story, six-bedroom and six-bathroom home was built in 1996. It features a sculpture garden, courtyard entrance, gym, outdoor kitchen, pool, Jacuzzi and fire pit. It also has 482 feet of water frontage with a private dock.
Related, which moved its headquarters earlier this year to a building it developed next to Park Grove, has been expanding on a national scale.
Jon Paul Pérez , Jorge’s eldest son, was named president of Related late last year. He and his brother, Nicholas, are expected to eventually take over the family business.
In May, Jorge Pérez sold his penthouse at Apogee Beach in Hollywood, Florida for $6 million to personal injury lawyer William Schwitzer of William Schwitzer & Associates in New York.
Luxury Single Family Homes in South Florida are in high demand and their sales have shattered records–not only the number of sales, but record high purchase prices as well. There’s limited inventory of Single Family Waterfront Homes in South Florida.
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