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Florida Development Company Sells House to Delaware Entity, Mystery Surrounds True Buyer

Sierra Development 2 LLC, a Florida-based entity managed by Filiberto Sierra, recently finalized the sale of the spec house at 10860 Southwest 67th Court to Skyline Capital Group, a Delaware entity. The ultimate purchaser remains undisclosed.

Handling the listing were Michael Martinez and Kiki Rutten from One Sotheby’s International Realty. Martinez acted as the representative for the buyer. While Martinez chose not to disclose the identity of the buyer, he did mention that they are a Florida resident.

As per records, Filiberto’s Sierra Development acquired the 1.1-acre vacant property for $1.4 million in 2021. Subsequently, he completed the construction of an impressive 8,300-square-foot mansion earlier this year. This exquisite residence boasts seven bedrooms, nine bathrooms, a wine cellar, and staff quarters. Additionally, the property encompasses a pool, outdoor kitchen, and a guest house, as indicated in the listing.

Martinez noted that Filiberto has been an active developer in Pinecrest in recent years. The mansion was initially listed for $12.5 million in August, according to Redfin. This sale surpasses the previous price record set in June when retired Boston Red Sox first baseman David Ortiz sold his Pinecrest mansion for $10.6 million. Ortiz, widely known as “Big Papi,” secured the record price title after a competitive bidding process with another professional athlete.

In December, Miami Heat player Tyler Herro acquired his Pinecrest mansion for $10.5 million, establishing a new benchmark just days after a fintech executive purchased a home for a then-record $10.3 million.

Martinez emphasized that Pinecrest continues to experience robust demand, attributing this to the area’s serene ambiance, seclusion, and privacy, which appeal to a discerning clientele. “Not everyone desires waterfront living,” he remarked. “Not everyone thrives in the hustle and bustle.”

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