Estefan’s house located in Miami Beach is sold for .5 million

Estefan’s house located in Miami Beach is sold for $13.5 million

The real estate market in South Florida continues to boom and this time, it was the renowned Cuban-American couple Gloria and Emilio Estefan who made an important move. As reported by journalist Katherine Kallergis from TheRealDeal portal.

The artists sold their property located in front of the sea in the Ventian Islands, in Miami Beach, indicated the company DI-Little House, which was in charge of the negotiation.

The Estefans ‘ property was purchased by businessman Paul Groll, who financed the purchase with an $8 million mortgage from Key Biscayne-based London Financial.

Casa de los Estefan has five bedrooms
The producer and singer’s property located at 444 West Rivo Alto Drive at Lou Groll Investments LLC has 4,816 square feet, has five bedrooms, and the same number of bathrooms.

In addition, it has been renovated several times and currently has an interior patio, gourmet kitchen, master suite facing the bay, pool, terrace and dock.

Gloria and Emilio Estefan acquired the property for $1.2 million in 2000, but from that moment they made different changes.

Artists have other properties in Miami Beach

Today the couple who have achieved countless awards in the music industry owns hotels and restaurants, including the Cardozo South Beach.

In August, they sold their Star Island “guest house,” whose nearly 8,000-square-foot property at 1 Star Island Drive, for its asking price of $35 million.

During the pandemic, several buyers flocked to the Venetian islands to acquire properties due to their low cost.

One of them was venture capital investor and CEO of Crisp Are Traasdahl and his designer wife who recently purchased their oceanfront home in the Venetian Islands for $31.5 million.

Bradley Gibbons
Meet Bradley Gibbons, a successful real estate agent and author based in the United States. With over 10 years of experience in the industry, Bradley has a deep understanding of the local market and a proven track record of helping her clients buy and sell properties. She is known for her ability to connect with her clients and her extensive knowledge of the latest real estate trends. In addition to her successful career as a realtor, Bradley is also an accomplished author. She has written several books on real estate, including "The Insider's Guide to Buying a Home" and "Selling Your Property: A Step-by-Step Guide." Her books are praised for their practical advice and easy-to-understand language, making them valuable resources for both experienced and first-time home buyers and sellers. Bradley is also a frequent speaker at industry events and a regular contributor to real estate publications. In her free time, she enjoys traveling and spending time with her family.