A rare piece of Miami’s architectural and waterfront history has just hit the market for $42 million. Owned by Royal Caribbean Group Chairman and former CEO Richard Fain, 700 Arvida Pkwy is making its debut on the market after more than 35 years, offering an extraordinary opportunity in the prestigious Gables Estates enclave. Designed by architect Dan Roban, a disciple of Frank Lloyd Wright, the 7-bedroom, 10,840-square-foot estate spans over 2.25 acres and blends timeless tropical modernism with striking natural elements like textured coral rock, exposed wood beams, and expansive skylights. The seamless integration of indoor and outdoor spaces captures the essence of Miami living, with sweeping views, 130 feet of waterfrontage, a private dock and boat lift, and lush landscaping that frames every room. With direct access to Biscayne Bay and the Atlantic Ocean, this estate is a masterclass in privacy, scale, and enduring design, an iconic home that reflects the character of its historic surroundings while delivering every modern luxury. 700 Arvida Pkwy, Coral Gables, FL 33156 is listed for $42,000,000 with Bea and Jenna Citron of Compass.
Images via Christian Santiago