Billionaire real-estate developer Jorge Perez, known as Miami's "Condo King," has put his sprawling waterfront mansion on the market for $33 million.
Jorge Perez and wife Darlene Perez at an art event in Miami, Florida, in March 2018.
John Parra/Getty Images for Perez Art Museum Miam
Nicknamed Miami's "Condo King" for his prolific real-estate development in the area, Perez has an estimated net worth of $1.7 billion. He would rake in a more than a $31 million profit if he sells the home at its asking price: He paid $1.45 million for the site in 1994, according to The Wall Street Journal.
Perez is the founder, chairman, and CEO of Florida's Related Group, which has built more than 100,000 condominium and apartment residences, according to the company.
The developer did not immediately respond to Insider's request for comment for this story.
Perez's mansion, known as Villa Cristina, sits on a 40,000-square-foot plot of land that encompasses three lots in the upscale Coconut Grove neighborhood of Miami.
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It's part of the exclusive Hughes Cove gated community, which only has about 10 homes.
Jill Hertzberg and Jill Eber of The Jills Zeder Group of Coldwell Banker Realty hold the listing.
The residence has 10,000 square feet of interior living space and has 482 feet of water frontage.
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The private boat dock overlooks the waters of Biscayne Bay.
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The home doubles as a rotating art gallery for the owner's private collection, according to the listing.
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The three-story house was built in 1996 with the help of Italian artisans, the listing says.
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All levels are accessible by an elevator.
The gourmet kitchen features Thermador, Sub-Zero, Miele, and Wolf appliances, as well as a wine cooler and an ice maker.
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The second-floor office has dark wood paneling and Italian woodwork throughout.
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The home has six bedroom, six bathrooms, and one half-bathroom.
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Outside, an infinity pool is shaded by palm trees and kept private by a thick hedge.
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It's difficult to tell where the infinity pool ends and Biscayne Bay begins.
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Nearby, a Jacuzzi overlooks the water.
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Right at the edge of the water is an outdoor fire pit and seating area.
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The rest of the grounds are occupied by manicured lawns and a sculpture garden.
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The home also includes a garage with room for four cars.
After 25 years at Villa Cristina, Perez and his wife downsized to a one-bedroom condo nearby earlier this year, a Related Group spokesperson told the Miami Herald.