Ray Allen Purchases Mansion in Coral Gables for $11 Million
by Sep Niakan | July 16, 2014
Ray Allen, basketball player for the Miami Heat, is planting his roots in South Florida, regardless of his uncertain career.
Miguel Fernandez, billionaire medical entrepreneur, sold a trust to Allen, which included an $11 million deal for a mansion in Coral Gables. The trust is managed by Orin Mayers, Allen's business manager.
The mansion, located at 5 Tahiti Beach Island Road, includes 10 bedrooms, 11,533 square-feet of floor space, and 10 bathrooms of various sizes.
Previously, Allen rented the mansion from Fernandez before finally purchasing the trust.
The property itself is astounding as well, with over 37,000 square-feet of property, a private beach, a sauna, library, elevator, spa bath, and a private gymnasium.
Fernandez, manager of MBF Healthcare Partners, has had the mansion on the market for over two years before Allen's purchase.
Allen has been a National Basketball Association shooting guard since 1996. In fact, Allen was a primary component of three championship teams, including the Miami Heat’s two most recent titles.
by Sep Niakan | September 27, 2016
Claro Development’s latest at 10 SW 8th Street is going to be a tall order, literally! Fresh-approved by the FAA, the Brickell Market Place is set to rise up to 954 feet above ground, or 960 feet above sea level. Approved after a seven-month...
by Sep Niakan | September 26, 2016
Come year-end, Miami’s Edgewater neighborhood will be home to one of Best Western International’s first boutique hotel brand offerings - Vib. Best Western’s chosen only 20 key urban markets (including Miami) across North America to...
by Sep Niakan | September 23, 2016
The Berkowitz Development Group, describes SkyRise as their “abstract version of the Statue of Liberty”. Approved in 2014, this R-shaped structure is being built in tandem with the revitalization of Bayside Marketplace. The tower will be...