We are pleased to announce the closing of 530 Arvida Pkwy in Coral Gables, Florida. Magnus Jennemyr, License partner and Private Office Advisor of Engel & Völkers Miami Coconut Grove represented the anonymous buyers in this $30 Million sale. The 13,200 sqft home is situated on 200 feet of water, offering 8 beds, 14 bathrooms, a 600-bottle wine cellar, and staff quarters. Jennemyr negotiated with the seller until reaching this final sale price for his buyer, settling for $15 million less than the original asking price. During the slowdown in the market, these discounted prices are being seen more frequently in luxury price points. Still, the house still sold for more than $5 million than the sellers bought it for in 2021. #EVFlorida #EVAmericas #EngelVölkers #EngelVoelkers #CoralGables #Miami #MiamiLuxuryHomes #CoralGablesFlorida #LuxuryHomes #LuxuryConstruction #realestate #Florida #commercialrealestate #floridarealestate