The Andre Hakkak House is a sprawling waterfront mansion located in the wealthy neighborhood of Coral Gables, Florida. Purchased by renowned financier Andre Hakkak and his wife in 2020 for $13.6 million, the 17,215-square-foot house sits on 2 acres of prime Miami real estate. To learn more about this extravagant property and its billionaire owner, keep reading our tour of the $14 million Andre Hakkak House.
The Billionaire Owner, Andre Hakkak
Andre Hakkak is no ordinary homeowner. As the founder and CEO of White Oak Global, one of the largest independent investment firms in the world, Hakkak has achieved incredible success in the business world. Over the past 20+ years, he has guided White Oak Global to surpass $3 billion in assets under management. Before launching his company, Hakkak worked as an investment banker advising corporations. Beyond his professional accomplishments, he is also active in philanthropic causes through his family foundation. Hakkak supports charities focused on education, healthcare, and arts/culture. Married to entrepreneur Lina Hakkak, the power couple now enjoys the fruits of their labor from their luxurious Coral Gables estate. They are often seen patronizing the Miami social scene and rubbing elbows with other business moguls and celebrities. The opulent $14 million Andre Hakkak House represents the pinnacle of achievement and luxury living for Andre.
The Purchase of the Andre Hakkak House
Located on prestigious Arvida Drive, public records show Hakkak finalized the purchase of the Andre Hakkak House, also referred to as ‘Gables Estate,’ in March 2020. The lavish estate was previously owned by a company based in the Czech Republic, which completed construction on the property in 2016 at an original cost of $12 million. It was first listed for sale in 2018 with an asking price of $17.5 million, eventually being reduced to the $13.6 million Hakkak paid.
Details of the House
Spanning 17,215 square feet across two floors, the Andre Hakkak House provides the ultimate luxury living. Some features include six expansive bedrooms, nine full bathrooms, and lush outdoor amenities like a resort-style pool and spa. Renowned Miami architect Cesar Molina handled the stately architectural design. Additional conveniences include a lavish primary suite, a 6-car garage, a home gym, and smart home automation throughout.
The Landscaping
Mature landscaping on the 2-acre lot of the Andre Hakkak House provides a true sense of seclusion and privacy. Tropical flora and fauna contribute to the lush oasis-like setting. Outdoor entertaining areas allow residents to take full advantage of the picture-perfect Miami climate. An alfresco dining pavilion is perfect for lavish parties and events.
The Real Estate Transactions of the Andre Hakkak House
The sale and purchase of the Andre Hakkak House were represented by top-tier real estate firms specializing in luxury listings. The previous owners utilized Sotheby’s International Realty to market the estate, with agent Saddy Delgado spearheading negotiations. Andre and his wife engaged the services of Modern World Realty to assist in their acquisition. Agent Marily Vazquez Prol ensured the transaction proceeded smoothly.
The Renovations
While the Andre Hakkak House was already a masterpiece upon its initial construction, the new owners had additional visions for elevating it further. Andre reportedly allotted a seven-figure budget for upgrades and customizations. Some renovations included remodeling the primary bath and closets, adding smart home technologies, and sprucing up the landscaping. Outdoor kitchens and entertainment areas were also revamped to host lavish events.
Life at the Andre Hakkak House
These days, Andre, his wife Lina, and their young children enjoy the lavish amenities at the Andre Hakkak House. Extended families are often welcome to stay in one of the luxury suites. The mansion has become the setting for galas, fundraisers, and flashy philanthropic gatherings hosted by the power couple. Neighbors include other wealthy executives and the international business elite. Life behind the gates of the $14 million estate is nothing short of spectacular.
The Ongoing Legacy
As one of the most expensive residential listings to ever trade hands in Coral Gables, the Andre Hakkak House firmly cemented its place in Miami real estate history. Its striking architecture and over-the-top amenities set the standard for luxury living. Andre sees the property as a long-term family holding, making upgrades to keep it modern and livable for generations. The Andre Hakkak House will remain a South Florida landmark befitting its billionaire owner.
Conclusion
The Andre Hakkak House truly exemplifies the lavish lifestyle of its millionaire residents. Its exquisite design, boundless amenities, and impeccable Florida location offer a level of luxury few will ever experience. Through hard work and business savvy, Andre Hakkak has built an empire that affords him properties like this $14 million waterfront estate. While most can only imagine the over-the-top comforts within, the Andre Hakkak House offers a glimpse into the world of the ultra-wealthy. It stands as both a remarkable architectural feat and a testament to the successes of its high-powered owner. The Andre Hakkak House will undoubtedly provide many more years of enjoyment, entertainment, and memorable moments for Andre, his family, and their exclusive social circle.
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