Location Ventures Single-Family home project: 8325 Cheryl Lane was featured in The Real Deal South Florida article titled “Hedge fund executive pays $12M for Coral Gables spec mansion“. This truly exceptional, high-quality residence embodies the South Florida lifestyle, sold in May 2021 for a record-breaking $11.8M for a non-waterfront lot. Spanning two floors, the home features 6 bedrooms, including a master suite and three guest suites, 7 bathrooms, 3 half bathrooms, a media room, and a suite of thoughtful amenities. A singular blend of the natural environment and sophisticated timeless design, Cheryl Lane offers residents the ultimate personal resort in a private setting.
From the article:
Location Ventures developer Rishi Kapoor sold a spec mansion in Coral Gables to a financial executive from New York.
Property records show Tarigh Yusufi, who works at New York-based Steadfast Capital Management, paid $11.8 million for the six-bedroom, 10,264-square-foot home at 8325 Cheryl Lane.
The non-waterfront home hit the market in 2019 before it was completed for $11.9 million, but the price was raised last year to $13 million.
Jorge Uribe with One Sotheby’s International Realty represented the sellers, while Ian Krawiecki Gazes of Compass represented the buyer.
Read more from The Real Deal South Florida Article HERE