Ray Allen Purchases Mansion in Coral Gables for $11 Million
by Sep Niakan | 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.
by Sep Niakan | January 12, 2017
According to thenextmiami, a petition involving a 15 by 75 feet alley has sparked speculations that a brand new hotel could be coming to Edgewater. Why? Simply because this alley comes attached to a 7,875 sq. ft. plot located at 348 Northeast 20...
by Sep Niakan | January 09, 2017
Ever tried driving from Brickell to Downtown Miami for lunch? Most Miamians dread the thought of catching the dreaded drawbridge, which opens every hour or half-hour during non-curfew hours to allow river traffic to pass under. So what’s...
by Sep Niakan | January 08, 2017
Last year’s headlines weren’t too kind to Miami with hurricanes, Zika warnings and falling sales painting a dark picture. However, with the elections finally done with, there are plenty of reasons to be optimistic about 2017: 1. ...
by Sep Niakan | December 28, 2016
We all know Wynwood as the friendly, hipster neighborhood splashed with the best street art in the world. It’s where we all go for our art fix, browse far-out finds and linger around for a couple of craft beers. But, how about shopping,...