arts
Sky’s the limit? Miami ’s ultra-rich are quietly shopping these trophy homes
By Katherine Kallergis at The Real Deal
· June 9, 2026
· 1 min read
A waterfront compound in Gables Estates spanning more than 5 acres — nearly 9 acres if the surrounding land is included — with tennis courts, a pool and cabana, manicured lawns and a motor court is not on the market, but it is quietly being marketed as a whisper listing. The rumored purchase price f
Key takeaway $400 million, sources told The Real Deal.
Why this matters in The Miami
The potential sale of this Gables Estates compound for a rumored $400 million speaks to the ongoing demand for luxury properties in Miami, particularly those with extensive waterfront access. This trend is likely driven by the city's appeal as a hub for international wealth, with its unique blend of Latin American and Caribbean cultural influences. The fact that such a high-end property is being quietly marketed as a whisper listing suggests that the city's ultra-rich are seeking exclusive and private living arrangements, often with ample space for entertainment and recreation. As Miami continues to grapple with issues like sea-level rise and flooding, the long-term viability of such sprawling waterfront estates will be worth watching, especially in low-lying areas like Gables Estates. The sale of this property could set a new benchmark for luxury real estate in Miami, with implications for the local market and the city's reputation as a destination for the wealthy.
About this story
Original reporting by The Real Deal . The Miami surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
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Category: arts ·
Published: June 9, 2026 ·
Source: The Real Deal ·
Reading time: 1 min
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Frequently asked about this story
What is this story about? A waterfront compound in Gables Estates spanning more than 5 acres — nearly 9 acres if the surrounding land is included — with tennis courts, a pool and cabana, manicured lawns and a motor court is not on the market, but it is quietly being marketed as a whisper listing. The rumored purchase price f
When was this published? This article was first published on June 9, 2026 by The Real Deal and curated for The Miami readers.
Who reported this story? This story was reported by Katherine Kallergis at The Real Deal. To learn more about how The Miami selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more arts coverage from The Miami, or browse our daily briefing and topic hubs .
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