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
From ‘mystery vacations’ to hostels, budget travelers get thrifty as prices rise
Housing year-over-year comps need context for the rest of 2026
Dramatic Waterfront Estate Overlooking a Bird Sanctuary Near the Catskills Is Listed for $2.45 Million
Nashville’s ‘Laid-Back Luxury’ Attracts Homebuyers Far Beyond the Music Industry
Miss America Winner Won’t Just Take Home a Crown—She’ll Win the Keys to a Luxury High Rise Apartment in NYC
Spectacular Glass Estate Could Become the Most Expensive Sale in Fire Island’s Cherry Grove—Even With a Price Cut
Inside the Kennedy Family’s Labor Day Traditions at Their Iconic Hyannis Port Compound—Where JFK Spent His Final Holiday Weekend
EXCLUSIVE: Celebrity Photographer Who Shot Prince Harry and Meghan Markle’s Wedding Drops Price of ‘Ridiculously Idyllic’ 200-Year-Old Farmhouse
Home Prices Are Falling the Fastest in These Cities
Joy-Anna Duggar Announces Pregnancy as She and Husband Austin Forsyth Build Their Dream Arkansas Farmhouse
GET MORE INFORMATION
Stevan Stanisic
Real Estate Advisor License ID: SL3518131
Real Estate Advisor License ID: SL3518131