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Derek Jeter Snags a Candy Piece of Land in Coral Gables for $16.6M

Posted by: | Posted on: April 28, 2021

Will he construct one other St. Jetersburg? The Baseball Corridor of Famer Derek Jeter has reportedly made an enormous land seize.

The Yankees legend appears to have bought a 2-acre waterfront lot in Coral Gables, FL, for $16.6 million, in keeping with the South Florida Enterprise Journal. The property first landed available on the market in September 2020 for $17,999,500, in keeping with realtor.com®.

Now serving as an government with the Miami Marlins, Jeter’s been busy with actual property within the Miami space.

For his newest buy, he purchased a parcel that options 325 linear ft on a large waterway. The picturesque location gives unparalleled views from the biggest waterfront lot obtainable within the guard-gated Gables Estates.

The celebrated property comes with some enhancements, akin to a lately accomplished seawall, plus docks that may deal with two megayachts or different seaworthy vessels.

Plans by the architect Cesar Molina are additionally obtainable, for a brand new, 20,000-square-foot {custom} house. Permits for the potential new construct are working their approach via the approval course of, a time-saving technique for a purchaser who appreciates the look of the proposed design.

Derek Jeter’s land purchase in Coral Gables, FL


Waterfront lot


Rendering of proposed mansion


The locale can be near wonderful colleges, tremendous eating, and luxurious procuring, the itemizing boasts.

With this expensive buy, Jeter provides one other to his lengthy checklist of actual property offers.

MVP property portfolio

The baseball legend nonetheless must snag a purchaser for his splashy Davis Islands digs. He positioned that large custom-built property available on the market final yr for $29 million.

The unimaginable unfold on 1.2 acres gives seven bedrooms and nearly 22,000 sq. ft of inside area. Highlights embrace a membership room with full-service bar, a billiards and recreation desk, a number of TVs, and a sitting space. Exterior, the area features a dock and two boatlifts, a heated spa, and an 80-foot saltwater lap pool.

Davis Islands property available on the market


The resort-style mansion served as a short lived rental final yr for the newly transplanted Tampa Bay Buccaneers quarterback Tom Brady and his spouse, the mannequin Gisele Bündchen.

Along with his transition to the Marlins, Jeter, 46, wanted a spot nearer to the staff’s HQ. At first, he had reportedly been renting out a luxe apartment in Coconut Grove, however he has since traded that residence for a mansion in Coral Gables, FL. He seems to have bought the Miami-area property in 2018 for $6.5 million.

The eight-bedroom abode on 1 acre features a pool and a courtyard, with gazebo, BBQ, and bar. However maybe that wasn’t fairly sufficient area. He’ll absolutely be capable of unfold out along with his household along with his newest purchase.

Along with his profession with the Yankees over, Jeter can be trying to appeal to a purchaser for his New York state trip property, the Gem on the Lake. The castlelike development is accessible for $12.75 million. The long-time lakeside retreat had beforehand been obtainable for $14.75 million in 2018.

New York lakeside retreat


The previous shortstop spent his whole 20-year profession with the Yankees. Now retired, the five-time World Sequence champion is the CEO and half proprietor of the Marlins.

Ralph Arias with ONE Sotheby’s Worldwide Realty represented the vendor. Alex Pirez with Mocca Realty repped the client.

The submit Derek Jeter Snags a Candy Piece of Land in Coral Gables for $16.6M appeared first on Actual Property Information & Insights | realtor.com®.

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