Andre Hakkak House: A Luxurious Mansion In Coral Gables Worth $13.6 Million

News
11 November 2024

The Andre Hakkak House made headlines recently with Marissa Shipman’s acquisition of a $13.6 million mansion in Coral Gables, Florida. The property, a stunning example of modern architecture, is more than just a luxurious home—it’s a statement of their success and a reflection of the current trends in high-end real estate. As more affluent individuals look to Florida for its tax benefits and lifestyle perks, the Andre Hakkak House stands out as a prime example of luxury living and strategic investment. This article delves into the features, location, and details of his house.

Table of Contents

Andre Hakkak House: An Overview

The Andre Hakkak house is located in the prestigious neighborhood of Gables Estates in Coral Gables, Florida. This modern mansion, purchased for $13.6 million, spans nearly 10,000 square feet and features cutting-edge design elements, lavish amenities, and a focus on sustainability. The property reflects the couple’s shared taste for elegance and comfort, combining luxury with environmental responsibility.

Who Are Andre Hakkak & Marissa Shipman?

Andre Hakkak is a notable figure in the finance industry, co-founding White Oak Global Advisors, a firm known for its expertise in providing financial solutions. Marissa Shipman, on the other hand, is a successful entrepreneur who founded Balm Cosmetics, a popular beauty brand. Together, they represent a power couple whose success stories span different industries. Their decision to purchase this luxurious home underscores their financial acumen and desire for a high-quality lifestyle.

Why Coral Gables?

Choosing Coral Gables as the location for their home wasn’t random. Florida has become a hotspot for wealthy individuals due to its lack of state income tax, making it a financially savvy move for high-net-worth families. The state offers a lower cost of living than states like California, where taxes can be significantly higher. The decision by Andre Hakkak and Marissa Shipman to relocate to Coral Gables aligns with the broader trend of affluent people seeking tax-friendly states without compromising on lifestyle.

Key Features Of The Andre Hakkak House

Spacious Living Areas

The house boasts six bedrooms, nine full bathrooms, and two half-bathrooms. With nearly 10,000 square feet of living space, it provides ample room for family gatherings, entertainment, and relaxation.

Luxurious Interiors

The interior design of the mansion reflects a blend of opulence and comfort. High-quality materials like marble, brass accents, and plush furnishings are used throughout the home. The neutral color palette and sophisticated décor create a warm, inviting atmosphere.

Modern Amenities

The mansion is equipped with state-of-the-art amenities, including a six-car garage, a media room, and a private office. The summer kitchen is perfect for enjoying outdoor dining in Florida’s sunny weather, while the home theater provides an excellent space for entertainment.

Eco-Friendly Features

One of the unique aspects of the Andre Hakkak house is its commitment to sustainability. The property includes solar panels and energy-efficient appliances, highlighting the couple’s focus on reducing their environmental footprint. These eco-friendly features blend seamlessly with the luxurious design, making it a model for sustainable living.

Living In Gables Estates: A Prestigious Neighborhood

Gables Estates, where the Andre Hakkak house is located, is one of the most exclusive neighborhoods in Coral Gables. Known for its gated community, lush landscaping, and strict homeowners’ association rules, Gables Estates offers unparalleled privacy and security. The area is popular among celebrities and business moguls who value an elite lifestyle. Residents enjoy access to high-end amenities, including proximity to top-rated schools, gourmet dining options, and luxury shopping centers.

The Property’s History & Investment Value

The mansion was built in 2016 and initially sold for $12.54 million. It was listed again in 2018 for $17.5 million, but the sale did not materialize at that price. Hakkak and Shipman purchased the property for $13.6 million, a significant investment that reflects their strategic thinking. Given the rising demand for luxury homes in Florida, the value of this property is expected to appreciate, making it not only a lavish residence but also a smart financial asset.

Why This Purchase Matters: Broader Real Estate Trends

The acquisition of the Andre Hakkak house is a microcosm of the broader trends in the real estate market. More high-income individuals are moving to Florida, attracted by the tax benefits and the luxurious lifestyle. As demand for exclusive properties increases, neighborhoods like Gables Estates are experiencing a surge in value and popularity. The trend is reshaping the local real estate landscape, with developers focusing on building high-end homes that cater to this affluent demographic.

Wrap Up

The Andre Hakkak house is a prime example of luxury living in Coral Gables, Florida. It combines modern architecture, lavish interiors, and sustainable features, making it a standout property in one of the most exclusive neighborhoods. The decision by Andre Hakkak and Marissa Shipman to invest in this mansion reflects their personal success and aligns with the growing trend of affluent individuals seeking tax-friendly states. This mansion is more than just a home; it’s a symbol of achievement, strategic thinking, and a high standard of living.