arts
Waterfront Gables Estates lot, once home to UMiami presidents, trades for $42M
By Katherine Kallergis at The Real Deal
· July 6, 2026
· 1 min read
The hidden owner of a waterfront lot in the exclusive Gables Estates community sold the property for $41.6 million, likely breaking even or losing money on the investment. Property records show 8565 Old Cutler LLC, managed by Logan Gans, sold the 4.6-acre property at 8565 Old Cutler Road in Coral Ga
Key takeaway Property records show 8565 Old Cutler LLC, managed by Logan Gans, sold the 4.
Why this matters in The Miami
The sale of this waterfront lot in Gables Estates for $41.6 million has significant implications for the local real estate market in Coral Gables. Given that the seller likely broke even or lost money on the investment, this transaction may indicate a shift in the luxury market, where high-end properties are not appreciating as quickly as they have in the past. The fact that the seller paid $38 million for the property just a year ago and has already sold it, suggests that the market may be becoming more saturated with high-end listings. Additionally, the annual property taxes of over $1.7 million will be a significant burden for the new owner, Miami Real 1 LLC, and may impact their development plans for the 4.6-acre property. This sale will be worth watching to see how it affects the overall luxury real estate market in Miami-Dade County.
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: July 6, 2026 ·
Source: The Real Deal ·
Reading time: 1 min
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Frequently asked about this story
What is this story about? The hidden owner of a waterfront lot in the exclusive Gables Estates community sold the property for $41.6 million, likely breaking even or losing money on the investment. Property records show 8565 Old Cutler LLC, managed by Logan Gans, sold the 4.6-acre property at 8565 Old Cutler Road in Coral Ga
When was this published? This article was first published on July 6, 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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