Philippe Harari, a Miami-based real estate investor who also performs on the events circuit, has paid $25 million for a Coral Gables mansion, a price that pushes the property's value to more than twice what it fetched in its previous sale. The trophy-home purchase is the latest eye-popping trade in the Gables and underscores steady demand for sprawling lots and turnkey estates. Local brokers say that when a well-built, move-in-ready compound hits the market, the competition can still get fierce.
According to South Florida Business Journal, Harari closed on the home for $25 million, and the property has now more than doubled in value compared with its last sale. Reporter Brian Bandell's coverage details the price and slots the deal alongside other recent luxury transactions across Miami-Dade.
Harari heads the development firm AquaBlue Group, which designs and builds high-end spec homes across South Florida, and he also markets himself as a performer for private and public events. His singing and entertainment work is promoted through Philippe Harari Entertainment, which highlights recent concerts and bookings.
Harari's track record
Harari's AquaBlue has been active in the region's upper-tier market. The Real Deal reported that an AquaBlue-built La Gorce Island mansion sold for about $62.5 million in 2024. That headline sale, along with other high-profile flips, has helped cement Harari's reputation as a recognizable spec developer around Miami and Coral Gables.
What the sale means for Coral Gables
Industry coverage indicates that buyers continue to favor acre-plus lots, gated enclaves and turnkey new construction in Coral Gables, lifting benchmark prices for marquee properties. Mansion Global and other outlets have followed similar recent trades that point to sustained demand at the very top of the market.
Official deed and buyer-entity information for the latest deal will be recorded in county documents and can be reviewed through the Miami-Dade public portals. The Miami-Dade Clerk of the Court maintains an online Official Records search for recorded deeds and transfers, and the Miami-Dade Clerk of the Court's official records site is where the filings will eventually appear.
For now, the $25 million trade stands as another signal that Coral Gables remains a magnet for deep-pocketed buyers and developers who see long-term upside in high-end single-family homes. Public records and brokerage filings are expected to reveal more about the property and any renovation or improvement plans once they are entered.
