Back in 1994, rum heiress Hilda Maria Bacardi doled out $3.9 million for a prime 1.3-acre parcel of land resting alongside the canals of Lago Maggiore that open to Biscayne Bay in South Coral Gables, Fla., about a 25-minute jaunt from Miami. Bacardi, whose family owns the world’s largest privately held spirits company, then set out to convert the property into her dream home, meticulously poring over every detail and sparing no expense. But in 2014, six years into what would ultimately be an eight-year, $18 million renovation, she placed the unfinished estate up for sale with a $27.2 million ask.
The place was removed from the market after failing to sell, was re-listed for $25 million in 2017, and finally sold in 2018 for “just” $18 million to Grammy-winning Latin singer/actor Marc Anthony, though it still set a new record for single-family home sales in the area. Now, just three years later, the extravagant Mediterranean-style manse has changed hands once again, this time going to John Curtius, a partner at the $70 billion technology investment firm Tiger Global Management, who picked it up in mid-May for a cool $22.4 million. Wall Street bonus season is already in high gear, apparently.
Curtius’ newly acquired estate is dubbed “Casa Costanera” for its locale on Costanera Road in the Islands of Cocoplum, with Curtius paying $1,500 per month in HOA fees just for the privilege of living in the exclusive gated community. Designed by Rafael Portuondo of the Miami architecture firm Portuondo Perotti, the palatial resort-style home comes complete with 20,000-plus square feet of opulent living space spread across three levels, including 12 bedrooms and 14 bathrooms, plus 480 feet of water frontage and a private 100-foot dock.
The terracotta-roofed villa comprises three principal buildings — two connected by a wide corridor lined with French doors, and a third separated from the other two by a cobblestone motor court. Among the many special touches found at the home, which has been featured on CNBC’s “Secret Lives of the Super Rich”: Honduran mahogany doors, handmade copper exterior lighting and Lalique crystal faucets. More typical amenities include a wine cellar, gym, commercial elevator, three kitchens, separate staff/guest quarters, a series of covered terraces, multi-lane lap pool and separate raised spa.
Other highlights include an indoor-outdoor living room under coffered ceilings; a formal dining room; lengthy hallway lined with built-in benches; and gourmet kitchen outfitted with dual islands, cherry cabinetry and high-end appliances. Especially standing out is the gigantic master suite, which includes a seating area sporting a custom limestone fireplace, terraces overlooking the grounds, a walk-in closet that doubles as a panic room, and luxe spa-inspired bath with a TV hidden in the mirror, whirlpool tub and steam room clad in a mosaic of crystal tiles.