Archive for “February, 2020”

Multimillonario tecnológico subastará su mansión en Coral Gables el día de San Valentín

Tras dos años en el mercado, Medina la pondrá en subasta sin precio de reserva.

El multimillonario de tecnología Manuel “Manny” Medina salió de su lujosa mansión en Coral Gables por la que pagó $7 millones en 2013 para vivir en Miami, sin embargo, no ha tenido suerte en venderla, por lo que la pondrá en subasta en pleno día de San Valentín sin un precio de reserva, lo que significa que no hay un precio mínimo de licitación por ella. Continue Reading…

Coral Gables Waterfront Property to be Put Up for Auction

A Florida tech entrepreneur is putting his waterfront Coral Gables mansion up for auction after almost two years trying to sell it, Yahoo Finance reported.

It will have no reserve price, or minimum bid, according to Platinum Luxury Auctions, the firm that’s putting on the auction. The tri-level home spans 15,000 square feet and comes with a sauna, pool, and 100-foot boat dock.

The owner, Manuel Medina, sold his Terremark data services company to Verizon in 2011 for $1.4 billion, according to The Real Deal. He also founded private equity firm Medina Capital, as well as cyber security firm Cyxtera. Florida media refers to Medina as a billionaire, but Business Insider could not independently confirm his net worth.

The live auction will take place on February 14 and the sale is expected to close 30 days later.


Read the full article by Katie Warren at Business Insider HERE.

Florida tech billionaire to auction off his waterside Coral Gables mansion

Most homes have a driveway. This one has a canal, leading straight to the Atlantic Ocean.

Tech billionaire Manuel Medina has already moved to Miami and out of his lavish Coral Gables mansion he paid $7 million for in 2013, but he hasn’t had luck finding a buyer. So, on February 14, Medina will auction off his waterside mansion in one of Florida’s most exclusive gated communities, without a reserve price — meaning there is no minimum bidding price.

What makes the six-bed, six-bath home truly special is its access to the water with a 100-foot-long dock into a deep concrete-enforced canal providing 180 feet of waterfront, according to Trayor Lesnock, president of Platinum Luxury Auctions, which will auction off the 15,000-square-foot, three-level home.

The yard has a putting green, a resort-style heated pool, a pergola-shaded spa, a main-level courtyard, shaded and unshaded lounge areas, a dining area with grill and a five-car garage.

Read the full article by Sarah Paynter at Yahoo!Finance HERE.