In the ever-growing world of luxury real estate, some deals transcend the ordinary, creating a lasting impact that alters the market landscape. One such deal recently took place in the lush neighborhood of Pinecrest, Miami, where Andre Hakkak, a well-known finance executive, made a stunning purchase that has shaken the local luxury real estate market. Hakkak, the co-founder and CEO of White Oak Global Advisors, recently acquired a property for $14.3 million, setting a new record for the area. This article delves into the significance of the Andre Hakkak Housepurchase, the luxury features that make the property so special, and the broader implications for Pinecrest and Miami’s upscale real estate market.
Understanding the Pinecrest Luxury Real Estate Market
Pinecrest, a tranquil suburban village located in Miami-Dade County, has long been a coveted area for wealthy individuals looking for privacy, exclusivity, and proximity to Miami’s vibrant cultural and business hubs. Known for its expansive lots, beautiful tree-lined streets, and proximity to high-end schools, Pinecrest has become a haven for individuals seeking an affluent lifestyle away from the hustle and bustle of Miami’s city center.
In recent years, the real estate market in Pinecrest has exploded, with a rising number of high-profile sales and record-breaking prices. The area is increasingly attracting celebrities, business moguls, and international investors looking for homes that offer more than just luxury—they provide a sense of peace and exclusivity that cannot be found in more urban areas. The Andre Hakkak House purchase is yet another indicator that Pinecrest is a key player in Miami’s upscale real estate market.
The Growth of Pinecrest’s Luxury Real Estate Market
Over the past decade, property values in Pinecrest have surged as more affluent buyers look to secure homes in this idyllic area. With large properties, expansive homes, and top-of-the-line amenities, Pinecrest offers the type of luxury living that many high-net-worth individuals seek. As of late, there has been a noticeable increase in interest from those seeking homes that offer privacy without sacrificing convenience—two features that Pinecrest excels in.
This surge in demand for luxury properties has led to a boom in construction, with developers taking advantage of the area’s prime location to create high-end spec homes. As a result, Pinecrest has seen some extraordinary real estate deals, many of which surpass the $10 million mark. The $14.3 million deal struck by Andre Hakkak for his new mansion is the latest in a line of record-breaking sales, cementing Pinecrest’s position as one of Miami’s top luxury real estate destinations.
The Andre Hakkak House: A $14.3 Million Investment in Pinecrest
Now let’s explore the property that has garnered so much attention in the real estate world. Located at 8900 Southwest 64th Court in Pinecrest, this luxury mansion is unlike anything else in the area. Purchased for a staggering $14.3 million, this property is the most expensive sale in Pinecrest’s history, surpassing previous records set by other notable figures, including billionaire Jorge Mas.
Features of Andre Hakkak’s $14.3 Million Pinecrest Mansion
Spanning over 10,500 square feet, the mansion is a grand and luxurious residence that offers ample space for Hakkak and his family. With seven bedrooms, 11 bathrooms, and two half-bathrooms, the property is designed to accommodate large families or those who enjoy hosting guests. The mansion sits on a sprawling 1.2-acre lot, providing plenty of outdoor space for relaxation and entertainment.
Among the standout features of the property are its private pool, gym, theater room, and a guest house. The expansive outdoor space is perfect for both intimate gatherings and large-scale events. The design of the house is contemporary and sleek, with an open floor plan that seamlessly blends indoor and outdoor spaces.
Architectural Design by Cesar Molina
One of the key aspects that set the Andre Hakkak House apart is its architectural design. Created by the renowned Miami architect, Cesar Molina of CMA Design Studios, the mansion is a modern marvel that blends luxury with functionality. The design is clean, elegant, and highly detailed, reflecting the tastes of high-end buyers like Hakkak.
The mansion features large windows that allow for natural light to flow into the home, providing beautiful views of the property’s lush surroundings. The expansive open-concept living areas create a sense of grandeur, while the use of luxurious finishes like marble floors and custom cabinetry elevates the home’s overall appeal. Every element of the house is designed with both style and comfort in mind, creating an inviting and sophisticated atmosphere.
Luxury Features and Smart Home Technology
The Andre Hakkak House is equipped with the latest in smart home technology, providing convenience and control at the fingertips of its residents. The house is fully automated, allowing Hakkak to control everything from lighting and temperature to security and entertainment systems. This level of technology ensures that the mansion remains efficient and comfortable, while also providing a futuristic living experience.
Sustainability is also a major consideration in the design of the home. The mansion features eco-friendly features and energy-efficient systems that reduce its environmental footprint. These sustainable elements, combined with its cutting-edge technology, make the Andre Hakkak House a modern and forward-thinking property that aligns with the growing trend of green living.
The Role of Dionicio Investment Group in the Sale
The mansion purchased by Andre Hakkak was developed by Francisco Dionicio’s Dionicio Investment Group. Known for his expertise in luxury real estate development, Dionicio has established a reputation for creating exquisite homes that appeal to the most discerning buyers. This particular property was purchased by Dionicio’s group for $1.3 million in 2017, and after several years of development, it was transformed into the luxurious mansion that Hakkak ultimately bought.
Dionicio’s background as a developer in the South Florida market has allowed him to create homes that cater to the tastes and preferences of wealthy buyers. His ability to spot potential in an undeveloped property and turn it into a multi-million-dollar estate speaks to his skill and vision as a real estate developer. The sale to Andre Hakkak further reinforces Dionicio’s status as a leading figure in luxury home development in the region.
Andre Hakkak: A Savvy Real Estate Investor
Beyond his impressive business accomplishments, Andre Hakkak has built a reputation as a savvy investor, particularly in the realm of real estate. As the co-founder and CEO of White Oak Global Advisors, Hakkak has made a name for himself in the world of finance. The firm specializes in lending to small and mid-sized businesses, and Hakkak’s expertise in finance has undoubtedly helped him make smart decisions when it comes to investing in high-value properties.
Hakkak’s investment in the Pinecrest mansion highlights his deep understanding of real estate as an asset class. With Miami’s luxury market on the rise, Hakkak recognized the opportunity to acquire a one-of-a-kind property in one of the most desirable neighborhoods in the region. His decision to invest in Pinecrest speaks to the long-term growth potential of the area, and the $14.3 million price tag reflects his belief that the property will only appreciate in value over time.
Andre Hakkak and Marissa Shipman: A Power Couple in Real Estate
While Andre Hakkak is the face of the Pinecrest purchase, his wife, Marissa Shipman, also plays a key role in the decision-making process. Shipman is the founder and CEO of theBalm Cosmetics, a successful beauty brand based in Reno, Nevada. While her name is not listed on the deed of the Pinecrest property, her influence and involvement in the decision are clear.
In fact, the couple’s previous real estate dealings further highlight their growing portfolio. Before purchasing the Pinecrest mansion, Hakkak and Shipman sold their Coral Gables estate for $27.5 million, a significant profit considering they had purchased the property for $13.6 million in 2020. The sale of their previous home provided them with the financial means to make their new Pinecrest purchase, marking a successful chapter in their real estate endeavors.
The Broader Impact of the Andre Hakkak House
The sale of the Andre Hakkak House represents more than just a personal milestone for the couple—it also underscores the growing demand for luxury real estate in Miami and its surrounding areas. The $14.3 million price tag sets a new record for Pinecrest and signals that the local market for upscale homes is thriving.
With more high-net-worth individuals flocking to the area, the demand for luxurious, private residences continues to grow. Developers are capitalizing on this trend, constructing custom homes that cater to affluent buyers looking for spacious properties that offer both privacy and convenience. As a result, the Andre Hakkak House stands as a testament to the enduring appeal of Miami’s luxury real estate market.
Conclusion: The Legacy of the Andre Hakkak House
In the world of luxury real estate, the $14.3 million Andre Hakkak House is a notable transaction that has left a lasting impression on Pinecrest’s property market. Not only has the sale set a new price record for the area, but it also highlights the growing trend of high-profile individuals investing in Miami’s luxury real estate. The mansion itself is a stunning example of modern design, with state-of-the-art amenities and sustainable features that reflect the latest trends in upscale living.
For Andre Hakkak, this purchase marks another successful chapter in his career, both as a finance executive and a real estate investor. His decision to invest in the Pinecrest mansion underscores his keen understanding of the market and his confidence in the area’s long-term growth potential. As Pinecrest continues to thrive as a luxury real estate destination, the Andre Hakkak House will be remembered as a symbol of the area’s continued success and appeal.
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