Sirkin Building Corporation founder Alan Sirkin sold his Frank Lloyd Wright waterfront home in Coconut Grove for $13 million, less than half the original asking price last year.
Alan and Alicia Sirkin sold the home at 3500 North Bayhomes Road to the West 23rd Street Trust, according to records, signed by attorney William D. Edwards of Knoxville, Tennessee.
Al Arostegui of One Sotheby’s International Realty is listed. Lisa Thomson of Coldwell Banker Realty brought in the buyers.
Alan Sirkin founded Sirkin Building in Miami in 1972, a Miami-based homebuilder. He also manages the family’s real estate investment business, Sirkin Enterprises, which has been growing across asset classes since 1925, according to the company website.
Alicia Sirkin is the founder and director of Sirkin Creative Living Center, a Miami-based holistic life coaching company, according to LinkedIn. According to her LinkedIn, she performed for radio and TV commercials for 18 years before becoming a life coach.
The couple bought 0.4 acres of land coconut grove Records show the property was worth $350,000 in 1984. They commissioned architect Michael Simon Hoff to design their Frank Lloyd Wright-inspired home, which was completed in 1990, according to Arostegui and records.
The 6,000-square-foot home has five bedrooms, five bathrooms, and one and a half bathrooms. The property includes 70 feet of waterfront and an innovative pier just designed by the University of Miami, Arostegui said. According to Arostegui, the pool is raised 17 feet above sea level, a unique feature for the area.
“It’s not a white box like many new products,” he said. “It’s more like a modern California home without the hills, if you can imagine it.” “
The Sirkins first listed the home last February for $30 million. They’ve steadily lowered prices over the year, last listing in March for $16.9 million, according to Redfin. It ended up selling for less than half the original asking price.
Arostegui said they had received high-priced offers from many developers who wanted to knock down the house and build a new one, but the Sirkins didn’t want that for their home.
“It’s about finding the right fit for the people who fall in love with being there,” Arostegui said.
Indeed, most buyers in the luxury market are looking for new construction. Some, though, are looking for properties with more history.
A wealth manager added to his Coconut Grove portfolio last month, down $48.5 million In a mansion built in 1935.Billionaire hedge fund founder Ken Griffin pays $107 million Adrienne Arsht at her nearby seaside estate in September.Actor Christian Slater sells his Coconut Grove house $4.3 million in august.
