Will he build another St. Jetersburg? The Baseball Hall of Famer Derek Jeter has reportedly made a massive land grab. The Yankees legend seems to have purchased a 2-acre waterfront lot in Coral Gables, FL, for $16.6 million, according to the South Florida Business Journal. The property first landed on the market in September 2020 for $17,999,500, according to realtor.com®. Now serving as an executive with the Miami Marlins, Jeter’s been busy with real estate in the Miami area. [Source: Realtor]
For his latest purchase, he bought a parcel that features 325 linear feet on a wide waterway. The picturesque location offers unparalleled views from the largest waterfront lot available in the guard-gated Gables Estates.
The prestigious property comes with some improvements, such as a recently completed seawall, plus docks that can handle two megayachts or other seaworthy vessels.
Plans by the architect Cesar Molina are also available, for a new, 20,000-square-foot custom home. Permits for the potential new build are working their way through the approval process, a time-saving strategy for a buyer who appreciates the look of the proposed design.
The locale is also close to excellent schools, fine dining, and luxury shopping, the listing boasts.
With this pricey purchase, Jeter adds another to his long list of real estate deals. [Source: Realtor]