An estate in one of Florida's ritziest neighborhoods is on the market for $48 million - and it could become the most expensive home ever sold in the ultra-wealthy community. Here's a look inside the sprawling mansion.

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An estate in one of Florida's ritziest neighborhoods is on the market for $48 million - and it could become the most expensive home ever sold in the ultra-wealthy community. Here's a look inside the sprawling mansion.

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  • A mansion in Coral Gables - a wealthy suburb of Miami, Florida- is on the market for $48 million.
  • If the estate sells for or near its asking price, it will become the most expensive home ever sold in the suburb, The Wall Street Journal's Katherine Clarke reported in October.
  • The mansion sits on a 62,000-square-foot waterfront lot and boasts 14,492-square feet of space.
  • Visit Business Insider's homepage for more stories.

A mansion in south Florida is on the market for $48 million.

The newly constructed property, which sits on a 62,000-square-foot waterfront lot, is located in Gables Estates, a private, gated community in Coral Gables, which is itself a suburb of Miami, Florida.

Gables Estates hugs the shores of Biscayne Bay and is roughly an hour from Miami Beach by car.

If the estate sells for or near its asking price, it will become the most expensive home ever sold in the suburb, The Wall Street Journal's Katherine Clarke reported in October.

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The property listing is currently held by Judy Zeder and Nathan Zeder of The Jills Zeder Group at Coldwell Banker Global Luxury.

Keep reading for a look inside the luxurious estate.

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This $48 million mansion is located in Gables Estates, which is a private, gated community within the Coral Gables suburb of Miami, Florida.

This $48 million mansion is located in Gables Estates, which is a private, gated community within the Coral Gables suburb of Miami, Florida.

Source: Coldwell Banker

Gables Estates hugs the shores of Biscayne Bay and is roughly an hour from Miami Beach by car.

Gables Estates hugs the shores of Biscayne Bay and is roughly an hour from Miami Beach by car.

Source: Miami Luxury Homes, Google Maps

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If this estate sells for or near the asking price, it will become the most expensive home ever sold in the suburb, per The Wall Street Journal. The current record was set in 2017 when a home in the area sold for $43.7 million.

If this estate sells for or near the asking price, it will become the most expensive home ever sold in the suburb, per The Wall Street Journal. The current record was set in 2017 when a home in the area sold for $43.7 million.

Source: The Wall Street Journal

The mansion sits on a 62,000-square-foot waterfront lot. At the entrance of the home, residents and guests are greeted with a spacious foyer that boasts a custom-designed spiral staircase.

The mansion sits on a 62,000-square-foot waterfront lot. At the entrance of the home, residents and guests are greeted with a spacious foyer that boasts a custom-designed spiral staircase.

Source: Coldwell Banker

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Here's a closer look at the spiral staircase from above.

Here's a closer look at the spiral staircase from above.

Source: Coldwell Banker

The main house on the estate, which was completed in 2018, spans 14,492 square feet.

The main house on the estate, which was completed in 2018, spans 14,492 square feet.

Source: Coldwell Banker

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It was designed by Rafael Portuondo, an American architect.

It was designed by Rafael Portuondo, an American architect.

Source: Coldwell Banker

The kitchen opens up into a spacious family room that leads to a bar and a wine room that can house 2,200 bottles.

The kitchen opens up into a spacious family room that leads to a bar and a wine room that can house 2,200 bottles.

Source: Coldwell Banker

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Here's a closer look at the bar ...

Here's a closer look at the bar ...

Source: Coldwell Banker

... and a peek into the wine room.

... and a peek into the wine room.

Source: Coldwell Banker

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Along with multiple dining and living areas, the home also has six bedrooms, seven bathrooms, and two half-bathrooms.

Along with multiple dining and living areas, the home also has six bedrooms, seven bathrooms, and two half-bathrooms.

Source: Coldwell Banker

Upstairs, the master bedroom includes a master bathroom and an outdoor terrace with its own fountain.

Upstairs, the master bedroom includes a master bathroom and an outdoor terrace with its own fountain.

Source: Coldwell Banker

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Here's a closer look at the spacious master bathroom ...

Here's a closer look at the spacious master bathroom ...

Source: Coldwell Banker

... and at the outdoor terrace.

... and at the outdoor terrace.

Source: Coldwell Banker

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The home also comes with a variety of amenities, including an office that sits adjacent to the formal living room.

The home also comes with a variety of amenities, including an office that sits adjacent to the formal living room.

Source: Coldwell Banker

Outside, there's a large backyard patio and an infinity pool that flows into a Jacuzzi.

 Outside, there's a large backyard patio and an infinity pool that flows into a Jacuzzi.

Source: Coldwell Banker

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The home is currently represented by Judy Zeder and Nathan Zeder of The Jills Zeder Group at Coldwell Banker Global Luxury.

The home is currently represented by Judy Zeder and Nathan Zeder of The Jills Zeder Group at Coldwell Banker Global Luxury.

Source: Coldwell Banker