Gloria and Emilio Estefan make a $33M PROFIT selling their Miami mansion for $35M... 28 years after they bought it for $1.8M
Gloria and Emilio Estefan sold their Miami mansion for a profit of $33.16 million, three decades after purchasing the property.
They purchased the home in 1993 for $1.84 million and sold it last week for an astounding $35 million, according to TMZ.
The home, located in the exclusive Star Island neighborhood in Miami, features six bedrooms, 10 baths and is spread over 7,988 square feet.
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The mansion sits on 58,332 square feet lot (1.34 acres) within the gated community with views of the downtown Miami skyline and unobstructed views to Bicayne Bay.
The couple have another home on the same street so they used this home for guests who visited them, per the outlet; Neighbors on the street included Alex Rodriguez, Sean Combs and Shaquille O'Neal.
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The mansion features 240 feet of waterfront with a private dock, a resort style pool and spa; the home features tropical foliage and palm trees.
The Floridian-style villa also has a private guest house with three-bedrooms, two full baths and a 1.5 bath; the guest house is located separate and in the front of the property.
The home was built in 1940, featuring hardwood and marble floors, arched doorways as well as open verandas.
The kitchen features white cabinetry, with matching countertops; the large room, which had plenty of natural light, had a long island in the center for more space for cooking and baking.
The huge refrigerator was covered with the matching white cabinets for a streamlined look.
It also includes gorgeous vintage inspired bathrooms, complete with a claw bathtub and a large mirror next to it; the bathroom also has access to the veranda.
The bedrooms have views of the water in addition to French doors that lead to the veranda; the rooms have plenty of storage space through arched closets.
The property includes a den that hav huge windows as well as doors to lead outside, in addition to the living space with a fireplace.
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