Andre Hakkak and Marissa Shipman’s Real Estate Success
Have you ever wondered what to call it when a celebrity makes double the money by selling a house they just bought a few years earlier? If you’re not sure what we mean, don’t worry—Andre Hakkak and his wife, Marissa Shipman, have just pulled off this impressive feat.
Let’s dive into the details of their sale and the stunning mansion in question, so stick around till the end.
The Power Couple: Brains and Beauty
Andre Hakkak is not your typical real estate investor; he’s the CEO of White Oak Global Advisors, a lending firm that supports small to medium-sized businesses in securing the funds they need to thrive. His wife, Marissa Shipman, is the founder and CEO of theBalm Cosmetics, a cruelty-free makeup brand based in Nevada. Together, they make a formidable couple, blending intelligence with style.
The Gables Estates Mansion: A Luxurious Retreat
The mansion they sold wasn’t just any property. Located in the exclusive Gables Estates neighborhood, it boasted an impressive 12,300 square feet, featuring six bedrooms, nine bathrooms (plus two half baths), a six-car garage, and a sparkling pool. Just imagine the space to truly make it your own!
Purchased in 2020 for $13.6 million, they sold it a few years later for a staggering $27.5 million—talk about real estate magic!
Luxury Homes Defying Market Trends
You might be surprised that luxury home sales remain strong despite rising interest rates and inflation. In Coral Gables, high-end properties continue to thrive, as evidenced by other significant sales occurring alongside Andre and Marissa’s transaction, keeping the luxury market sizzling.
A Record-Setting Purchase in Pinecrest
Andre’s Allh Separate Property Trust recently acquired a spectacular spec mansion in Pinecrest from developer Francisco Dionicio for $14.3 million, making it the most expensive residential sale in the area—surpassing the previous record held by billionaire Jorge Mas. Quite the statement!
Their New Dream Home: A Slice of Paradise
Their new mansion is nothing short of extraordinary, featuring 10,500 square feet, seven bedrooms, and eleven bathrooms (plus two half-baths) on a spacious 1.2-acre lot. It includes a pool, gym, theater, and even a guest house—like having a mini resort at home! Designed by architect Cesar Molina of CMA Design Studios, this property exemplifies modern elegance.
Pinecrest: A Luxury Hotspot
Located just south of Coral Gables, Pinecrest is increasingly popular among affluent buyers, thanks to its top-tier schools and picturesque parks. It’s no surprise that the area is becoming a hotspot for luxury real estate, bolstered by record-breaking sales like Andre’s.
Why the Move?
So, why did Andre and Marissa opt to leave their Gables Estates mansion for Pinecrest? They may have been seeking a more modern home with additional amenities and a larger lot size. The impressive price tag of their new mansion also signals a significant upgrade.
Conclusion
In summary, Andre Hakkak and Marissa Shipman’s journey showcases their savvy real estate moves and a commitment to elevating their lifestyle. Their recent transactions have garnered admiration from many in the business community and beyond.
