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.
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