House of the Day’ in Gables Estates sells for $10.5 million

South Florida Business Journal by Eileen Cukier, Associate Editor

Date: Friday, July 13, 2012, 12:48pm EDT

Built by Armando Codina, perched on a quiet lagoon, surrounded by hardwoods, palms and fruit trees, the home at 650 Casuarina Concourse in Gables Estates has a new owner. The sellers – Anna May Conese and Eugene Conese – had been asking $15 million and were looking to downsize. The buyer is a foreign corporation.

Profiled last December as a Wall Street Journal “House of the Day,” the home is a waterfront gem, said listing agent Helen Jeanne Nicastri, international marketing specialist with Coldwell Banker Previews International and founder of the Master Brokers Forum of top-producing residential agents in the tri-county area.

Villa Anna Capri, built on about 2 acres of property, features more than 14,000 square feet of living space – with eight bedrooms, six bathrooms, and two marble staircases. The home also features double-height entertaining areas, two family rooms, a wine cellar, billiards room, library and a den. Window walls and the guesthouse overlook the lagoon beyond the 330 feet of seawall. It last sold in 1996 for $4.15 million, according to county records.

“This sale is a serious indicator that ultra-high-end buyers are truly back in the market,” Nicastri said.

She also has the $12.5 million listing for 2 Casuarina Concourse, an 11,000-square-foot home on just under 2 acres with 500 square feet of waterfront on a private peninsula. The home features old brick, curved wood ceilings and marble flooring; outside staff quarters; and a separate guesthouse on the water.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s