Billionaire Inter Miami Owner Sells Miami-Area Estate for $13.9 Million
The billionaire owner of Inter Miami, Jorge Mas, has just sold his Miami-area estate for $13.9 million to the village of Pinecrest, which is planning to transform the property into a park.
Mas—who has been described as the man most responsible for bringing the legendary eight-time Ballon d’Or winner Lionel Messi to to the U.S.—is the majority owner of the newly minted soccer club alongside English footballer David Beckham.
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The 5-acre estate “is truly one of a kind,” said Joshua Kaufman of the Buchbinder Group at Compass, who represented Pinecrest in the deal. Diana Gutierrez of Mocca Realty represented Mas.
“It’s the largest privately owned residential estate in all of Pinecrest and is horticulturally significant because it was originally owned by the Montgomery family, who are known as the founders of Fairchild [Tropical Botanic] Gardens,” Kaufman said.
The property currently boasts a more than 11,000-square-foot home with five bedrooms, and large open living spaces; a separate two-story structure with a wine cellar and entertainment area; a tennis court; lush gardens; and a grotto-inspired pool.
Jorge Mas and Lionel Messi during the Ballon d’Or trophy presentation in November.
Getty Images
The next step for the estate will see the village, some 30 minutes from downtown Miami, hiring a consultant to commence the master-planning process, something that is expected to occur sometime between April and June and include public input, according to Kaufman.
“There will be various public workshops where the master-planning consultant will propose ideas for a passive park, with the goal being a resident-informed design,” he said.
Mas is donating $3.9 million of the purchase price back to the municipality in exchange for naming rights for the proposed park, which will also have an indoor facility for the community.
The park will be named after Aleyda Mas, Jorge’s wife, according to the community’s website, which also noted that the Village Council approved the purchase in November.
Mas, through a trust, acquired the property in 1999 for $3.5 million, property records show. He’s worth an estimated $1.2 billion and is the largest shareholder and chairman of MasTec, a Miami-based infrastructure engineering and construction company, according to Forbes.
He couldn’t immediately be reached for comment.
