There is a new highest priced listing in Coral Gables nestled on a waterfront lagoon at 8901 Arvida Lane. The luxurious estate was designed by local architect Rafael Portuondo with a neoclassical design which radiates elegance and features bright open spaces, high ceilings and dramatic interiors.

The estate features 6 bedrooms, 9 full bathrooms and 3 half baths, along with a grand entry foyer, fully-equipped theatre, a billiard room, chef's kitchen, formal dining room, two study’s and a full bar. The outside terrace displays a mosaic-tiled heated pool, a gym, sun deck and a Summer Kitchen perfect for entertaining. The estate sits on 2.38 waterfront acres with abundant, lush tropical landscaping. The estates grounds also include a fully functional guest home and a dock that can accommodate up to a yacht up to 90'.

8901 Arvida Lane, Coral Gables is currently listed for $55 million with Dennis Carvajal of ONE Sotheby’s International Realty.