665 Leucadendra Drive (Gables Estates waterfront home) Acquired by Mocca Group | Real Estate Services M&A Deal

Mocca Group has completed the acquisition of 665 Leucadendra Drive (Gables Estates waterfront home), a real estate development business in Florida, for $24 million. The 1-acre Coral Gables property includes a 7,100-square-foot residence built in 1999, with five bedrooms and five-and-a-half bathrooms, plus waterfront amenities such as a dock and pool. Mocca Group acquisitions in Gables Estates focus on luxury real estate development acquisition opportunities and waterfront teardown projects in real estate services deals FL. The private equity acquisition is categorized as an other acquisition, with a likely teardown and new mansion build plan, and the purchase price was reported at $24.3 million.