Luxury Waterfront Compound in Miami’s Coveted Neighborhood Hits the Market
- Miami’s Coconut Grove neighborhood waterfront compound listed for $135 million
- Assembled from 10 parcels over decades by restaurateur Jonathan D. Lewis
- Includes two principal residences, guesthouses, a pool with a waterfall, gym and spa
- Property features elaborate foliage and is home to peacocks
- Coconut Grove market booming in recent years
In one of Miami’s most sought-after neighborhoods, a waterfront compound has been listed for $135 million. The estate, known as Banyan Ridge, was assembled by restaurateur Jonathan D. Lewis over several decades through acquiring at least ten parcels of land in Coconut Grove. The property features two principal residences, multiple guesthouses, a pool with a waterfall, and a gym and spa. Known for its lush foliage and tropical vibe, the estate is now on the market after Lewis’s death. With recent booming real estate activity in Coconut Grove, this unique property could set a new benchmark.
Factuality Level: 8
Factuality Justification: The article provides accurate information about the property, its history, and the current listing price. It also includes relevant details about the estate’s features and location. However, it contains some personal perspective from Jonathan’s husband which may be considered as a slight bias.
Noise Level: 6
Noise Justification: The article primarily focuses on the listing of a luxury estate in Miami and provides information about its features and history. While it does include some details about the owner’s philanthropic work, it lacks significant analysis or exploration of broader trends or consequences. It also doesn’t offer much actionable insights or new knowledge for readers.
Public Companies: Progressive Insurance Company (N/A)
Private Companies: Douglas Elliman
Key People: Jonathan D. Lewis (Restaurateur), Lourdes Alatriste (Listing Agent), Holly Parker (Listing Agent), Mark Lewis (Husband of Jonathan D. Lewis), Peter B. Lewis (Former Chief Executive of Progressive Insurance Company), William Jennings Bryan (Onetime Secretary of State), Ken Griffin (Billionaire Hedge Funder), Katherine Clarke (Author)
Financial Relevance: Yes
Financial Markets Impacted: Miami real estate market
Financial Rating Justification: The article discusses a luxury home listing in Miami, which can impact the local real estate market and potentially affect property prices and investments in the area.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no extreme event mentioned in the article.
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