Spec home developer Alex Pirez sold his Gables Estates mansion for $55M

Spec homebuilder Alex Pirez sold his waterfront Gables Estates mansion for $55 million in a previously unreported deal that closed earlier this year, The Real Deal has learned.  Pirez sold the 16,000-square-foot, nine-bedroom and eleven-and-a-half bathroom estate at 340 Leucadendra Drive in Coral Gables to a Delaware LLC, according to a deed recorded in June. The sale was recorded for $9 million, but the price was much higher, according to sources.  Pirez owns Mocca Group and Mocca Realty, and is active in Coral Gables. He declined to comment.  The $55 million price marks a record for the gated community, and […]This article originally appeared on The Real Deal. Click here to read the full story.