A $148 million Mediterranean estate in Coral Gables, Florida, has been listed as one of South Florida’s most exclusive waterfront properties. Located at 8901 Arvida Lane, the 2.38-acre compound sits at the end of a lagoon within the gated Gables Estates neighborhood, offering privacy, expansive water views, and direct access to Biscayne Bay with 245 feet of deep-water frontage. The tranquil lagoon setting ensures seclusion while still providing unobstructed boating access to the bay.
The home, designed by architect Rafael Portuondo, blends classical proportions with modern luxury. Its Mediterranean character is established through barrel-tile roofs, elegant archways, and richly detailed interiors. The estate includes six bedrooms, nine full bathrooms, and three half bathrooms across 14,000 square feet, along with a 90-foot dock for boating. The layout prioritizes both formal entertaining, such as a temperature-controlled wine room and double-height living room, and private retreat spaces, including a primary suite with a wet bar, dual walk-in closets, and an onyx spa bathroom. Additional amenities include a home theater, billiard room, two offices, and a private chapel featuring custom woodwork and stained glass, while staff quarters and laundry facilities provide further functionality.
The estate’s Mediterranean style extends to its interiors, where vaulted ceilings, some reaching 25 feet, groin-vaulted arches, and coffered details create a grand yet refined atmosphere. Outside, the property’s 600-plus species of palms and tropical plants frame the architecture, while a mosaic-tiled pool and marble terraces evoke European elegance. A detached waterfront fitness pavilion with a hot tub and sun deck adds to the luxury amenities. The main level also includes a formal dining room adjacent to the wine room, while a family room with exposed-beam vaulted ceilings and a full bar offers a more casual gathering space. Covered terraces provide shaded outdoor living areas, and a summer kitchen accommodates al fresco dining.
The listing highlights the property’s unobstructed water access, allowing boat owners to reach Biscayne Bay without fixed bridges, a key advantage for larger vessels. A guest villa connected by a covered loggia provides independent accommodations, including a living room, dining room, kitchen, and en-suite bedroom. The estate includes impact-resistant windows, an eight-zone HVAC system, Lutron lighting, and an air-conditioned four-car garage for added security and comfort. The elevator ensures accessibility throughout the property.
