A spacious house at 501 Arvida Parkway in Coral Gables has a new owner. The 3,938-square-foot property, built in 1966, was sold on July 18, 2025 for $14,500,000 which works out to $3,682 per square foot. This single-story home offers a capacious living environment with its four bedrooms and three bathrooms. The lot of the unit covers a substantial area of 0.9 acres, complete with a pool for outdoor enjoyment.

Additional houses that have recently been purchased close by include:

· In October 2022, a 6,289-square-foot home at 550 Arvida Parkway in Miami sold for $22,000,000, a price per square foot of $3,498. The home has 5 bedrooms and 5.5 bathrooms.

· At 555 Reinante Avenue in Coral Gables in November 2022, a 10,860-square-foot home was sold for $21,500,000, a price per square foot of $1,980. The home has 6 bedrooms and 6 bathrooms.

· A 15,080-square-foot home at 650 Casuarina Concourse in Miami sold in May 2022 for $45,250,000, a price per square foot of $3,001. The home has 7 bedrooms and 5 bathrooms.