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House in Old Cutler Section of Coral Gables Closes for $10,500,000

The house located at 650 Casuarina Concourse in Gables Estates closed June 14th for $10,500,000. The 8 bed, 6 bath  13,853 sf waterfront home was built in 1987 and had been listed for sale since November 11, 2011 when it went on the market for $15,000,000. The price was reduced to $12,900,000 on Feb. 17, 2012, and closed June 14th. Gables Estates is one of the premier residential areas in Miami.

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