Marc Anthony Sells Coral Gables Estate for $22.4 Million

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Marco Antonio Muñiz, commonly known by his stage name Marc Anthony, has listed his waterfront estate in Coral Gables, Florida on the market for $22.4 million.

Marc Anthony

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The three-time Grammy-winning artist purchased his Coral Gables mansion in 2018 for $19 million. Anthony bought the home from Hilda Maria Bacardi, great-great granddaughter to the founder of the titular liquor company, who spent eight years overseeing its construction. In 2016, the finished home was listed on the market for $27.26 million. A year later, the price was reduced to $25 million before Anthony purchased the property at an even lower price of $19 million.

Anthony’s real estate journey has come full circle as he bids farewell to his former home. In September of 2020, the Coral Gables property was listed at $27 million. When the steep asking price failed to attract potential buyers, the cost was lowered to $22.4 million and the deal was closed.

Designed by Rafael Portuondo, the 20,546 square foot mansion spans 1.3 acres and features 12 bedrooms, 13 full bathrooms, and two powder rooms. The Mediterranean style interior highlights a lavish living space, formal dining room, family room, eat-in kitchen with dual islands, and butler’s pantry. The master suite presents a seating area and two bathrooms. Decorative elements of the home include coffered ceilings, arched doorways, and windows with natural lighting pouring into every room. Other perks include an elevator, wine cellar, gym, and staff quarters. The property set on the exclusive Islands of Cocoplum offers scenic views of the Coral Gables Waterway and gardens. Outdoor entertainment options include a summer kitchen, covered terraces, a heated pool, and a spa.

Chad Carroll with Compass represented the buyer while Anamaria Velasquez with Nexxos Realty represented the seller.

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