The Andre Hakkak house has become a focal point in the luxury real estate market following its recent purchase by Andre Hakkak and Marissa Shipman. Hakkak is a prominent figure in the finance industry, while Shipman has made a name for herself in the beauty sector. Their decision to invest in this magnificent mansion is not only a personal milestone but also indicative of broader trends within the real estate market.
Who Are Andre Hakkak & Marissa Shipman?
Andre Hakkak works at White Oak Global Advisors, a firm known for providing financial solutions to small and mid-sized enterprises. He has built a strong reputation in his field. Marissa Shipman, on the other hand, is the founder of Balm Cosmetics, a beauty brand that started from humble beginnings in her kitchen and has now achieved global success. Together, they represent a dynamic couple whose careers significantly influence their respective industries.
A Strategic Move To Florida
The couple’s choice to purchase a home in Coral Gables appears to be a strategic financial decision. Florida’s lack of state income tax makes it a more attractive option compared to states like California, which impose significantly higher taxes. This move aligns with the growing trend of affluent individuals relocating to Florida for better financial benefits.
Coral Gables Mansion: An Overview
Located at 8950 Arvida Drive, the Andre Hakkak house is a true architectural masterpiece. It features 9,890 square feet of living space on almost two acres of land. Built in 2016, this modern residence is known for its elegant design and luxurious amenities.
Key Features Of Andre Hakkak House
- Spacious Layout: The house includes six bedrooms, nine full bathrooms, and two half-bathrooms, providing ample space for family gatherings and entertaining guests.
- Luxurious Amenities: Noteworthy features include a stunning floating staircase, a six-car garage, and a summer kitchen, perfect for enjoying outdoor living in Florida’s sunny climate.
- Entertainment Spaces: The mansion also features a media room and a private office, making it ideal for both relaxation and business activities.
Luxury Lifestyle Of Gables Estates
The mansion is located in Gables Estates, a prestigious neighborhood known for its exclusivity and beautiful homes. This area is highly sought after by wealthy individuals and families who value privacy and security. The homeowners’ association maintains strict regulations to ensure that the community remains pristine and attractive.
A Brief History Of The Property
The history of the Andre Hakkak house at 8950 Arvida Drive is brief but notable; It was purchased in 2016 for $12.54 million and was later listed in 2018 for $17.5 million, although it did not sell at that price. Hakkak and Shipman ultimately acquired the property for $13.6 million, marking a significant investment in one of Coral Gables’ most desirable neighborhoods.
Trends In The Florida Real Estate Market
In recent years, a noticeable trend has emerged, with many affluent individuals moving from states like California to Florida. This migration is primarily driven by the desire for better tax efficiency and a lower cost of living. The purchase by Hakkak and Shipman exemplifies the ongoing appeal of Florida’s luxury real estate market as it continues to attract wealthy newcomers.
Impact Of Their Purchase
The acquisition of the Andre Hakkak house is more than just a personal achievement for the couple; it also represents a shift in the real estate landscape. As more high-income buyers choose to settle in Florida, local property values are likely to rise, and community demographics will change. This influx of new residents promises to reshape neighborhoods like Gables Estates, creating a vibrant and dynamic environment.
Conclusion
In summary, the purchase of the Coral Gables mansion, known as the Andre Hakkak house, signifies both personal success for the couple and broader socio-economic trends in the real estate market. As Florida continues to attract affluent families, properties like this will embody the luxury and lifestyle that Coral Gables is known for. This mansion is not just a home; it is a reflection of the couple’s achievements and the evolving landscape of American real estate.
FAQs
Who are Andre Hakkak and Marissa Shipman?
Andre Hakkak is a finance professional at White Oak Global Advisors, and Marissa Shipman is the founder of Balm Cosmetics, a successful beauty brand.
What are the key features of the Andre Hakkak house?
The Andre Hakkak house boasts 9,890 square feet of living space, six bedrooms, nine full bathrooms, a summer kitchen, and a media room.
Why did Andre Hakkak and Marissa Shipman move to Florida?
Their move to Florida is likely influenced by the state’s lack of a state income tax, making it financially appealing compared to higher-tax states like California.
