Hilda Maria Bacardi, whose family owns the Bacardi Rum franchise, sold her Coral Gables mansion Thursday for $19 million. That figure is $8 million less than it was first asking, according to listing records.
The great, great granddaughter of Bacardi Rum founder, Facundo Bacardà Massó, listed the property in 2016 for $27 million and then re-listed it for $25 million in 2017.
Ms. Bacardi, 49, purchased the property in 1994 for $3.9 million, according to property records.
After an eight-year renovation was completed in 2016, the property was expanded into a 12-bedroom, 14-bath mansion. Miami-based architecture firm Portuondo Perotti designed the estate. They incorporated Honduran mahogany doors and handmade copper exterior lighting.
The “Casa Costanera,” located on 300 Costanera Road is a Mediterranean-style estate boasting over 20,000 square feet of livable space. Located in the southeast corner of the exclusive Cocoplum Island in South Coral Gables, it is situated on a 1.3-acre plot of land and backs up to the canals of Lago Maggiore connecting to the Biscayne Bay. With 480 feet of water frontage, the property borders a stone pier on its southern end, just past the property’s multi-lane lap pool.
Barbara Estela and Hilda Jacobson of Douglas Elliman Real Estate, the listing agents associated with the property, declined to comment.
