Australian billionaire Michael Dorrell sells Coral Gables estate for $35M

Australian billionaire Michael Dorrell bought a private island in Palm Beach for $150 million, and now he’s unloading a waterfront Coral Gables estate for $35 million.  Records show Dorrell’s Hautacam LLC sold the 1.7-acre compound at 235 Solano Prado to spec developer Alex Pirez in an off-market deal.  Dorrell is co-founder and CEO of Stonepeak, an investment firm that focuses on infrastructure projects like water desalination plants, gas pipelines and data centers. He has a net worth of $8.5 billion, according to Forbes. In 2024 he bought Tarpon Island, the private island in Palm Beach redeveloped by Todd Glaser and […]This article originally appeared on The Real Deal. Click here to read the full story.