The founder of a hedge fund backed by Softbank’s Marcelo Claure bought a non-waterfront mansion in the exclusive Gables Estates community.
Property records show a Florida company led by Rafael Chapur sold the 1-acre property at 545 Casuarina Concourse in Coral Gables to Pedro and Madeline Escudero for $8.4 million. Escudero, a former tennis pro, is founder and CEO of DPM Capital, a hedge fund backed by Claure. The buyers financed the purchase with a $5.8 million mortgage from Citibank.
The Gables Estates sale marks the second-most expensive non-waterfront sale in the gated community, which is home to SBE founder Sam Nazarian, singer-songwriter and producer Pharrell Williams, and homebuilder Masoud Shojaee.
Liz Hogan and Angel Nicolas of Compass
Liz Hogan and Angel Nicolas of Compass were the listing agents for 545 Casuarina. It hit the market in October for $10 million. Hogan also represented the buyer, according to Realtor.com. She declined to comment.
The nine-bedroom, 10,286-square-foot Mediterranean-style estate was renovated by interior designer Briggs Edward Solomon, according to the listing. It features a new saltwater pool, a gym, home office and covered terraces.
The property last sold for $3.9 million in 2017, records show. The mansion was built in 1991 and expanded in 2019.
Chapur, the seller, led Hard Rock Hotels’ All-Inclusive Collection. He is the son of Roberto Chapur, who created the Palace Resorts brand in Mexico.
Earlier this month, multimillionaire Ashar Aziz sold his waterfront home lot in Gables Estates for $18 million to Patrick McMahon, co-founder and chief investment officer of New York-based hedge fund MKP Capital Management. In December, SBE founder Sam Nazarian purchased a waterfront mansion for $14 million.