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.
Recent Posts
North Palm Beach town center redevelopment tied up in lawsuits
Michael Stern sells interest in Miami Beach condos to majority owner Activate Hospitality
SJC sells Whole Foods complex for $83M amid investor appetite for grocery-anchored real estate
Prominent trial attorney finds buyer for waterfront Boca mansion once owned by Sheetz magnate
South Florida’s top deals: OKO, Cain sell Una Brickell penthouse for $18M
Advertising Real Estate-Related Products and Services
FCC Update on Drones with LiDAR Obstacle Avoidance
Appeals Court Quashes Homie Appeal, Delivers NAR VictoryAppeals Court Quashes Homie Appeal, Delivers NAR Victory
RE Q&A: Should I Add My Daughter’s Name to My House Deed to Avoid Probate Costs?
Solar Panels – Questions to Ask Before Contract
