Derek Jeter Grabs Prime Waterfront Lot in Florida for $16.6M

Published: May 8, 2021 | By: American Luxury Staff

Derek Jeter’s Gulfside escape now has additional Sunshine State company — down in Coral Gables is a corner waterfront lot measuring 1.91 acres that the retired yank just plunked down $16.6 million to acquire.

A six-month flip opportunity or a new build for a restless sort? More possibly the latter than the former. Although the heatwave in the Florida luxury real estate market shows no sign of abating, Jeter listed his limestone leviathan in Tampa late last summer for $29 million, and the Coral Gables land comes with plans for a Cesar Molina-designed 20,000 sq. ft. house, as well as a finished seawall and a pair of completed yacht-friendly docks.

The desirable lot is the largest waterfront parcel in that particular development according to listing information; it boasts 325 feet of frontage.

3960 May 8, 2021 Real Estate May 8, 2021