The seven-bedroom and seven-and-a-half bathroom mansion is located at 33 Arvida Parkway inside the exclusive Gables Estates, which was recently crowned the most expensive neighborhood in the U.S. Listing agent Maria Marin-Sanchez of One Sotheby’s International Realty had the property on the market for $47 million. Real estate investor Rafael Perez purchased the home for $11 million in 2012.
Lopez, CEO of Your Insurance Attorney law firm in Coconut Grove, told The Real Deal that the couple plans to "gut renovate" the estate and add an 80-foot dock and a floating padel court. The renovations are expected to take two years and cost $10 million. Dennis Carvajal with One Sotheby's International Realty represented the couple, who also own a condo on the exclusive and ritzy Fisher Island.

The couple will renovate the property.
Photo by Become Legendary / Dennis Carvajal at ONE Sotheby’s International Realty

The sprawling estate was sold for $34 million.
Photo by Become Legendary / Dennis Carvajal at ONE Sotheby’s International Realty

The home is located in the gated Gables Estates.
Photo by Become Legendary / Dennis Carvajal at ONE Sotheby’s International Realty

The property includes seven bedrooms.
Photo by Become Legendary / Dennis Carvajal at ONE Sotheby’s International Realty

One of the many bathrooms
Photo by Become Legendary / Dennis Carvajal at ONE Sotheby’s International Realty

The renovations are expected to cost $10 million.
Photo by Become Legendary / Dennis Carvajal at ONE Sotheby’s International Realty

The home has his and hers offices.
Photo by Become Legendary / Dennis Carvajal at ONE Sotheby’s International Realty

One of the many living rooms
Photo by Become Legendary / Dennis Carvajal at ONE Sotheby’s International Realty

The kitchen offers high-end appliances.
Photo by Become Legendary / Dennis Carvajal at ONE Sotheby’s International Realty