This $135 Million Estate in South Florida Is Like Its Own Luxury Resort

Few parts of the United States are more attractive than South Florida, from Palm Beach and Fort Lauderdale to Miami’s many offerings. Each neighborhood in Miami has its own character, charm, and appeal, but Coconut Grove is considered one of the most picturesque and wealthiest neighborhoods.

Known as The Grove, the neighborhood offers a more laid-back tropical vibe, full of elegant charm, banyan and palm trees, plenty of waterfront green space, and wild peacocks. It’s no surprise, then, that Coconut Grove is a popular residence for billionaires and celebrities. If you have $135 million to spend, the most expensive home in Coconut Grove recently went on the market.

Banyan Ridge Estate, located at 3585 Anchorage Way, is a 4.5 acre estate comprising 10 parcels of land carefully assembled over 25 years. This one-of-a-kind property is almost impossible to recreate, making it a unique opportunity for those looking for a heritage estate. Called Banyan Ridge, inspired by the century-old banyan trees that anchor the estate, the property feels more like a luxury resort than a private residence. The property features 180 feet of water frontage with a 12,000 square foot dock and boat lift, as well as a waterfront cabana along Biscayne Bay. There are two main houses, a guest house and a family office/townhouse with a total of 13 bedrooms and 15 bathrooms. There are also two three-car garages, several swimming pools, a gym/spa, numerous gardens and an orchid house.

Residence 1 features four bedrooms, four bathrooms, and a powder room, as well as a coveted chef’s kitchen, prep kitchen, formal and informal living rooms, wine cellar, wine bars, and swimming pool in the shape of a lagoon. There are also high-tech Lutron and Crestron systems and a master suite with a private courtyard and outdoor shower. Vaulted ceilings and elegant interiors add a timeless touch to this airy home. The glass-walled Residence 2 has three bedrooms and four bathrooms, as well as a swimming pool and stunning views of Biscayne Bay and downtown Miami. There is also a family office/townhouse which includes two bedrooms and two bathrooms, particularly dedicated to staff, as well as a full kitchen, office space, conference room and employee locker room.

Finally, the guest house, with a view of the waterfall, includes three bedrooms, three bathrooms and a powder room; a dining room for 20 people; a family room; historic fireplaces; handcrafted finishes, such as mosaic tiled floors, plaster ceilings; a huge kitchen for large-scale meals; and a separate kitchenette. This gated private oasis, never before offered to the public, features carefully landscaped grounds with meditation gardens scattered throughout, cascading waterfalls, a saltwater fish pond and a dedicated orchid house.

Other amenities include an infinity pool, numerous in-house terraces, and magical winding stone walkways. There is plenty of lawn space and lounge chairs overlooking the bay. Surrounded by lush, vibrant tropical plants, the property seems worlds away yet is just a short drive from the charming town of Coconut Grove and the bustling city of Miami. The estate is also being sold with seven additional plots, should you wish to create the ultimate multi-generational estate. He is listed with Douglas Elliman’s Lourdes Alatriste and Holly Parker.