Tech mogul Manny Medina will soon auction his Gables home - without a reserve
Manny Medina is no stranger to goodbyes. He made multi millions by starting and selling several tech companies.
This time, Medina plans to part ways with his five-bedroom Coral Gables estate.
Medina will auction his 15,000-square-foot mansion in mid-February without reserve through Platinum Luxury Auctions, according to the downtown Miami auction house. The five-bedroom, six-bathroom house facing a canal at 555 Arvida Parkway was previously listed for $17.9 million. A no-reserve auction means the home will be sold regardless of price.
The billionaire planned to auction his home without reserve in June 2019 through another company, Concierge Auctions, but pulled out of the plans.
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Medina couldn’t be reached for Immediate comment.
Medina made his first fortune after selling the real-estate-turned-data center Terremark to Verizon for $1.4 billion in 2012. He then invested his time in a data security company, Cyxtera tech group, which is expected to be worth $52 billion this year.
This story was originally published January 17, 2020 at 12:31 PM.
