An estate in one of Florida's ritziest neighborhoods is on the market for $48 million - and it could become the most expensive home ever sold in the ultra-wealthy community. Here's a look inside the sprawling mansion.

The Jills Zeder Group/photography by Emilio Collavino and Lifestyle Production Group

• A mansion in Coral Gables - a wealthy suburb of Miami, Florida- is on the market for $48 million.
• If the estate sells for or near its asking price, it will become the most expensive home ever sold in the suburb, The Wall Street Journal's Katherine Clarke reported in October.
• The mansion sits on a 62,000-square-foot waterfront lot and boasts 14,492-square feet of space.
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A mansion in south Florida is on the market for $48 million.

The newly constructed property, which sits on a 62,000-square-foot waterfront lot, is located in Gables Estates, a private, gated community in Coral Gables, which is itself a suburb of Miami, Florida.

Gables Estates hugs the shores of Biscayne Bay and is roughly an hour from Miami Beach by car.

If the estate sells for or near its asking price, it will become the most expensive home ever sold in the suburb, The Wall Street Journal's Katherine Clarke reported in October.

The property listing is currently held by Judy Zeder and Nathan Zeder of The Jills Zeder Group at Coldwell Banker Global Luxury.

Keep reading for a look inside the luxurious estate.