La Gorce mansion in Miami Beach fetches $30 million

 
 

The Mediterranean-style mansion at 42 La Gorce Circle, on the gated La Gorce Island of Miami Beach, sold Monday for $30 million. The seller and buyer are corporations.
The Mediterranean-style mansion at 42 La Gorce Circle, on the gated La Gorce Island of Miami Beach, sold Monday for $30 million. The seller and buyer are corporations.
Coldwell Banker

mbrannigan@MiamiHerald.com

A spectacular Mediterranean-style estate at 42 La Gorce Circle, sold Monday for $30 million.

The sale was the highest to date in the gated community of La Gorce Island, Miami Beach.

The 8-bedroom, 9-1/2 bath house features hand-painted ceilings, gold-leaf trim, two kitchens (one for the chef, one for the owner), a library, a theater and a rooftop lounge. It boasts 349 feet of frontage on Biscayne Bay.

The property, known as Castello del Sol, includes a 1-bedroom guest house, a 2-bedroom, 2-bath staff apartment, and a guard house on a 70,000-square-foot lot on a private islan.

“The market is hot,’’ said Esther Percal, an agent with EWM Realty International who brought the buyer. The buyer listed the house in the name of a European corporation. The seller, who paid $12,450,000 for the home in March 2001, also held the property in a corporation, 1418518 Ontario Inc.

The closing marked the second $30-million deal within a month for the listing agents, Jill Eber and Jill Hertzberg of Coldwell Banker. The Jills brought the buyer for the May 24 sale of Yankee slugger Alex Rodriguez’s ultra-modern house at 4358 N. Bay Road, Miami Beach.

An earlier version of this article erroneously stated — based on information from a spokesman for EWM Realty — that the LaGorce house once belonged to former Miami banker David L. Paul, who was incarcerated in the 1990s following his conviction for misuse of bank funds while chairman of CenTrust Savings Bank. Paul owned a house on the 42 LaGorce site that was later replaced by the current mansion, built in 1998.

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