Australian billionaire Michael Dorrell sells Coral Gables estate for $35M
Australian billionaire Michael Dorrell bought a private island in Palm Beach for $150 million, and now he’s unloading a waterfront Coral Gables estate for $35 million. Records show Dorrell’s Hautacam LLC sold the 1.7-acre compound at 235 Solano Prado to spec developer Alex Pirez in an off-market deal. Dorrell is co-founder and CEO of Stonepeak, an investment firm that focuses on infrastructure projects like water desalination plants, gas pipelines and data centers. He has a net worth of $8.5 billion, according to Forbes. In 2024 he bought Tarpon Island, the private island in Palm Beach redeveloped by Todd Glaser and […]This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
The guardrails that decide the outcome of a brokerage sale
Escrow audit readiness: A checklist for title agencies
The land-light multiplier: Infrastructure finance can amplify the Land Banking Model
Owning the first click: How digital brand ownership shapes visibility and lead generation
The Super Bowl Is Heading to Nashville in 2030—Here’s How Homeowners Can Win Big From the NFL Event
222-Year-Old Greenwich Estate Is Transformed Into a Stunning and Timeless $7 Million Retreat
With Martha Stewart’s Help, This New AI App Promises To Maximize Your Home’s Health and Wealth
Donna Kelce Reveals Controversial Stance on Pets at Home as She Offers Rare Glimpse Into Life at Her Florida Condo
DRB Group and Sumitomo Forestry mark a 10-year arc of growth
Kevelyn Guzman on leadership, growth and navigating change
GET MORE INFORMATION
Stevan Stanisic
Real Estate Advisor | License ID: SL3518131
Real Estate Advisor License ID: SL3518131