A historic home on the former property of Coral Gables’ founding father, George Merrick, was sold for $3.75 million earlier this month.
The nearly 90-year-old home, 1248 Coral Way, was named a historic landmark by the city’s historic preservation board in 2011. The house, part of the Coral Way historic district, sits on 17,500 square feet of land that Merrick and his family owned before the 6,300-square-foot home was built by Ambrose Becker in 1929. It was designed by architects Lee Wade and C.H. Oemler.
It has since been renovated several times while keeping its Mediterranean features. The two-story home has six bedrooms and seven bathrooms; the property also contains a two-bedroom guest house.
“The most interesting part of this house is the history behind it,” said Michael Martinez, an agent with ONE Sotheby’s International Realty who represented the seller. “[Merrick] thought that this was an amazing house.”
According to the city’s historic preservation board, Merrick saluted Becker as an important figure in the development of the Gables and said Becker “deserved equal praise in its rebirth.”
The Coral Way home was previously sold for $1.175 million at an auction in late 2011, after the death of James H. Davidson Jr., who left the home to the federal government in his will. Davidson asked that the money be used toward paying off the U.S. national debt.
Martinez said this month’s sale, to local attorney Thomas Morgan, brought the highest price ever in the North Gables’ 33134 zip code, per foot, in 2016.
“It’s a very, very unique property,” Martinez said.