Ray Allen Purchases Mansion in Coral Gables for $11 Million
Jul 16, 2014 July 16, 2014
Ray Allen, basketball player for the Miami Heat, is planting his roots in South Florida, regardless of his uncertain career.
Miguel Fernandez, billionaire medical entrepreneur, sold a trust to Allen, which included an $11 million deal for a mansion in Coral Gables. The trust is managed by Orin Mayers, Allen's business manager.
The mansion, located at 5 Tahiti Beach Island Road, includes 10 bedrooms, 11,533 square-feet of floor space, and 10 bathrooms of various sizes.
Previously, Allen rented the mansion from Fernandez before finally purchasing the trust.
The property itself is astounding as well, with over 37,000 square-feet of property, a private beach, a sauna, library, elevator, spa bath, and a private gymnasium.
Fernandez, manager of MBF Healthcare Partners, has had the mansion on the market for over two years before Allen's purchase.
Allen has been a National Basketball Association shooting guard since 1996. In fact, Allen was a primary component of three championship teams, including the Miami Heat’s two most recent titles.