By PMC administrator Mononymic music industry heavy hitter and wide-ranging entrepreneur Pharrell has reportedly ponied up around $30 million for a not-quite 3.5-acre waterfront estate in tony Coral Gables, Fla., a 30-35-minute drive from the heart of Miami’s South Beach.
As was reported by the New York Post, who first caught wind of the transaction, the seller of the sprawling spread, dubbed El Palmar according to listings held by Dennis Carvajal at ONE Sotheby’s Int’l Realty, was former Univision executive Ray Rodriguez and his wife, Liana, who were clearly quite eager to sell the high-maintenance estate.
The reported sale price is a staggering 33% discount from the by-any-standard elephantine (and never reduced) $45 million price tag
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