Waterfront Compound in Miami’s Coconut Grove Lists for $135M

By Grace Cassidy An exclusive, expansive and truly one-of-a-kind compound in Miami has hit the market for $135 million . Known as Banyan Ridge and located in the coveted neighborhood of Coconut Grove, the 4.5-acre property—which has never before been offered to the public—comprises 10 parcels and includes 180 feet of direct water frontage on Biscayne Bay. Douglas Elliman agents Lourdes Alatriste and Holly Parker represent the listing, currently the most expensive residential listing in Coconut Grove. Assembled and built out over 25 years as a private sanctuary amid the energy of Miami, Banyan Ridge is features two primary residences, a guest house, a guest pod, a gym and spa, bayfront cabana, two three-car garages and multiple swimming pools. The four-bedroom, four-and-one-half-bathroom primary residence features both formal and informal gathering spaces, a contemporary kitchen with top-of-the-line appliances and a primary bedroom with a luxurious spa-like bathroom, private courtyard and outdoor shower. Features include vaulted wood ceilings, terrazzo and tile floors, a wine cellar and multiple wine bars. The other primary residence has three bedrooms, four bathrooms and walls of glass that allow for endless views of Biscayne Bay and downtown Miami. The three-bedroom, three-and-one-half-bathroom guest house includes a 20-person dining room and a chef’s kitchen complete with two sinks, two dishwashers, marble countertops and professional appliances, including twin Sub-Zero refrigerators. The thoughtful décor includes an historic fireplace that has been converted to gas, mosaic tile floors and wood and plaster ceilings. The on-site fitness center and spa includes a full gym, jacuzzi, sauna and steam room. Other property highlights include a one-bedroom, one-bath guest pod, a bayfront cabana with a kitchen and bathroom, an outdoor barbecue and lounge area situated above one of the property’s picturesque waterfalls and a 12,000-square-foot dock and boat lift. There’s also a two-bedroom, two-and-one-half-bathroom family office townhome complete with a full kitchen, private conference room, locker room and tool shed. The accommodations total 13 bedrooms, 15 full bathrooms, and three half-baths across the entire estate. The unique gated property also includes meditation gardens, stone pathways, a saltwater fish pond, an orchid house and stunning waterfalls. The property is conveniently located a short distance from Coconut Grove’s shopping and dining district and less than eight miles from Miami International Airport.