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.