About $14 million paid a former Coca-Cola distributor for an empty lot in the luxurious enclave of Gables Estates, as spread ThereVillage.

By Miami Diario Newsroom

A source revealed that South Properties II LLC, led by Juan Carlos Correa Ballesteros, paid $13.95 million, or $168 per square foot, for the 1.9-acre waterfront property at 625 Leucadendra Drive in Coral Gables.

According to the records, the seller is IFG Florida Inc.. The operation was carried out by Francisco Gonzalez Perez.

It should be noted that the buyer is part of the board of directors of the Mexican company Arca Continental, the second largest Coca-Cola bottler in Latin America and one of the largest in the world.

One thing to consider is that Correa Ballesteros also worked for 14 years at Ecuador Bottling Company. The Arca Continental website reports that Ballesteros was also CEO and vice president. He is currently the CEO of Corma Holding Family Office.

Realtor.como indicated that the Gables Estates lot hit the market in August for $15.9 million. The list includes plans and permits by architect Cesar Molina, as well as membership in the new Leucadendra tennis club.

It should be noted that the seller recently completed a new cover and the structural wharf of the boardwalk with the capacity to accommodate two mega yachts.

Another important fact is that Maurice Boschetti and Silvia Boschetti, from Boschetti Realty Group, listed the property. Boschetti declined to identify the buyer. Ralph Arias of One Sotheby's International Realty represented Correa Ballesteros, according to the Multiple Listing Service.

Last month, manufacturing distributor CEO Aurelio Leyva sold his Gables Estates mansion at 601 Leucadendra Drive for $11.5 million.

Additionally, in July, the Cisneros family of Venezuela he sold his property at 555 Leucadendra Drive for $23 million to a buyer who reportedly plans to demolish the existing mansion and build a new house.

With information of: ThereVillage

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