Latin Radio Magnate’s Coral Gables Estate Listed at $70 Million

A lavishly appointed waterfront estate in the exclusive, private community of Journey’s End, in Coral Gables, Florida, has come on the market with an eye-watering $69.9 million price.

Recently honored by Variety’s Legends & Groundbreakers Award, the estate’s radio industry heavy hitter owner Raúl Alarcón is chairman and CEO of Spanish Broadcasting System, an operator of Hispanic radio stations and network TV stations in the U.S. and Puerto Rico. The company boasts 22 stations in the leading eight Latin markets in the United States, including Miami’s No. 1 station WXDJ-FM and New York’s WSKQ-FM, the most listened to and streamed outlet in the U.S. in any language. Given the radio play sway of the home’s owner, numerous Latinx artists Shakira, Marc Anthony, Romeo Santos, Ozuna, Carlos Vives, Ricardo Arjona, Juanes and Emilio Estefan have all visited the property.

Nestled on a peninsula, the Tuscan-style villa is situated on a two-acre plot with over 500 feet of water frontage and direct access to the bay. The multi-winged house, set behind gates amid dense foliage, disperses seven bedrooms and eight and a half bathrooms over 11,000 square feet. Custom millwork and imported marble floors add a touch of luxury, as do formal living and dining rooms and a state-of-the-art 12-person movie theater. The French-themed kitchen is majestically equipped with double gas ovens and stoves, marble floors and countertops, along with a butler’s pantry. There’s also an adjacent breakfast room and elsewhere are a family room and a home office.

The second floor features a large primary suite with stunning property views, two spacious bathrooms and a couple of walk-in closets. Four more bedrooms, each with an en-suite bathroom, a study/office, and a Zen-style spa with steam room, sauna, hot tub, group shower, and massage area, complete the second floor. Copious balconies and outdoor living spaces make the most of the Florida sunshine.

The outside area offers a children’s playground, a 4-car garage with a guest or staff suite, and a basketball half-court. In addition to the multiple terraces and copious balconies that make the most of the ceaseless south Florida sunshine, a center courtyard leads out to the pool, while a poolside pavilion doubles as an office. And that’s not all, the location does not require the owner’s yacht to navigate bridges, with easy access to the open waters from the property’s private dock.

Just 20 minutes to downtown Miami, Brickell and Miami International Airport, Journey’s End may be one of the finest private gated communities in America. There are just 18 estates surrounded by ancient oaks, banyan and palm trees. Winding canals create a restful environment and wildlife is abundant; here you can wake to the sounds of one of the many birds native to the area.

The property is listed by Saddy Abaunza Delgado and Valeria Kelly with ONE Sotheby’s International Realty.