Miami's billionaire 'Condo King' is selling his waterfront mansion in a gated Florida community for $33 million. Take a look inside.

Katie WarrenJul 29, 2021, 15:23 IST

The villa includes 482 feet of water frontage and a private boat dock.1 Oak Studios

The billionaire developer known as Miami's "Condo King" is selling his waterfront mansion for $33 million.
Jorge Perez, who's worth $1.7 billion, is one of the most prolific real-estate developers in Miami.
His sprawling villa comes with an infinity pool and Jacuzzi, nearly 500 feet of water frontage, and a sculpture garden.

Billionaire real-estate developer Jorge Perez, known as Miami's "Condo King," has put his sprawling waterfront mansion on the market for $33 million.

Jorge Perez and wife Darlene Perez at an art event in Miami, Florida, in March 2018. John Parra/Getty Images for Perez Art Museum Miam

Nicknamed Miami's "Condo King" for his prolific real-estate development in the area, Perez has an estimated net worth of $1.7 billion. He would rake in a more than a $31 million profit if he sells the home at its asking price: He paid $1.45 million for the site in 1994, according to The Wall Street Journal.

Perez is the founder, chairman, and CEO of Florida's Related Group, which has built more than 100,000 condominium and apartment residences, according to the company.

The developer did not immediately respond to Insider's request for comment for this story.

Nicknamed Miami's Condo King for his prolific real-estate development in the area, Perez has an estimated net worth of $1.7 billion. He would rake in a more than a $31 million profit if he sells the home at its asking price: He paid $1.45 million for the site in 1994, according to The Wall Street Journal.

Perez is the founder, chairman, and CEO of Florida's Related Group, which has built more than 100,000 condominium and apartment residences, according to the company.

The developer did not immediately respond to Insider's request for comment for this story.

Perez's mansion, known as Villa Cristina, sits on a 40,000-square-foot plot of land that encompasses three lots in the upscale Coconut Grove neighborhood of Miami.

1 Oak Studios

It's part of the exclusive Hughes Cove gated community, which only has about 10 homes.

Jill Hertzberg and Jill Eber of The Jills Zeder Group of Coldwell Banker Realty hold the listing.

It's part of the exclusive Hughes Cove gated community, which only has about 10 homes.

Jill Hertzberg and Jill Eber of The Jills Zeder Group of Coldwell Banker Realty hold the listing.

The residence has 10,000 square feet of interior living space and has 482 feet of water frontage.

1 Oak Studios

Source: The Jills Zeder Group

The private boat dock overlooks the waters of Biscayne Bay.

1 Oak Studios

Source: The Jills Zeder Group

The home doubles as a rotating art gallery for the owner's private collection, according to the listing.

1 Oak Studios

Source: The Jills Zeder Group

The three-story house was built in 1996 with the help of Italian artisans, the listing says.

1 Oak Studios

All levels are accessible by an elevator.

The gourmet kitchen features Thermador, Sub-Zero, Miele, and Wolf appliances, as well as a wine cooler and an ice maker.

1 Oak Studios

Source: The Jills Zeder Group

The second-floor office has dark wood paneling and Italian woodwork throughout.

1 Oak Studios

Source: The Jills Zeder Group

The home has six bedroom, six bathrooms, and one half-bathroom.

1 Oak Studios

Source: The Jills Zeder Group

Outside, an infinity pool is shaded by palm trees and kept private by a thick hedge.

1 Oak Studios

Source: The Jills Zeder Group

It's difficult to tell where the infinity pool ends and Biscayne Bay begins.

1 Oak Studios

Source: The Jills Zeder Group

Nearby, a Jacuzzi overlooks the water.

1 Oak Studios

Source: The Jills Zeder Group

Right at the edge of the water is an outdoor fire pit and seating area.

1 Oak Studios

Source: The Jills Zeder Group

The rest of the grounds are occupied by manicured lawns and a sculpture garden.

1 Oak Studios

The home also includes a garage with room for four cars.

After 25 years at Villa Cristina, Perez and his wife downsized to a one-bedroom condo nearby earlier this year, a Related Group spokesperson told the Miami Herald.

The home also includes a garage with room for four cars.

After 25 years at Villa Cristina, Perez and his wife downsized to a one-bedroom condo nearby earlier this year, a Related Group spokesperson told the Miami Herald.

I toured 3 apartments under $2,000 a month in Detroit to see how they compared to apartments in New York City, and I was shocked by how luxurious they were

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Miami's billionaire 'Condo King' is selling his waterfront mansion in a gated Florida community for $33 million. Take a look inside.

Billionaire real-estate developer Jorge Perez, known as Miami's "Condo King," has put his sprawling waterfront mansion on the market for $33 million.

Perez's mansion, known as Villa Cristina, sits on a 40,000-square-foot plot of land that encompasses three lots in the upscale Coconut Grove neighborhood of Miami.

The residence has 10,000 square feet of interior living space and has 482 feet of water frontage.

The private boat dock overlooks the waters of Biscayne Bay.

The home doubles as a rotating art gallery for the owner's private collection, according to the listing.

The three-story house was built in 1996 with the help of Italian artisans, the listing says.

The gourmet kitchen features Thermador, Sub-Zero, Miele, and Wolf appliances, as well as a wine cooler and an ice maker.

The second-floor office has dark wood paneling and Italian woodwork throughout.

The home has six bedroom, six bathrooms, and one half-bathroom.

Outside, an infinity pool is shaded by palm trees and kept private by a thick hedge.

It's difficult to tell where the infinity pool ends and Biscayne Bay begins.

Nearby, a Jacuzzi overlooks the water.

Right at the edge of the water is an outdoor fire pit and seating area.

The rest of the grounds are occupied by manicured lawns and a sculpture garden.