Reality Star Nets $21M Profit on Coral Gables Flip
Dr. Nicole Martin and attorney fiancé Anthony Lopez sold their waterfront Gables Estates mansion for $55 million, matching the neighborhood's record price. The couple purchased the property just eight months earlier for $34 million.
A former reality television star and her attorney fiancé have completed one of South Florida's most profitable residential flips, selling a waterfront Coral Gables mansion for $55 million after owning it for just eight months.
Dr. Nicole Martin, who appeared on "The Real Housewives of Miami" from seasons four through six, and her fiancé Anthony Lopez purchased the Arvida Parkway estate for $34 million in August. The off-market sale through Lopez Strategic Manager LLC generated a $21 million profit for the couple.
The transaction matches the existing price record for single-family homes in Coral Gables, equaling the $55 million sale achieved by spec developer Alex Pirez last summer for another waterfront property in the same Gables Estates community.
Dennis Carvajal of One Sotheby's International Realty represented the sellers, while Banna Fakhoury from the same firm brought the buyer, identified as Green Woods Trust under Christine Hahn's management.
The 12,500-square-foot residence sits on 0.8 acres within the gated Gables Estates neighborhood. Built in 2004, the mansion features eight bedrooms, eight full bathrooms, one powder room, and 225 feet of water frontage. Additional amenities include a pool, private dock, game room, fitness center, and wine cellar capable of storing 2,700 bottles.
Martin works as an anesthesiologist when not filming and announced her departure from the reality series in September 2024. Lopez operates Your Insurance Attorney, a Coconut Grove-based law firm specializing in insurance litigation matters.
This sale continues a strong trend of high-end transactions in Coral Gables. Earlier this month, Lauren Sturges completed a record-breaking $32 million sale of her Tahiti Beach waterfront mansion. Spec developer Irving Padron and architect Cesar Molina also closed on a $36 million waterfront estate in the Old Cutler Bay gated community during the same period.
The rapid succession of premium sales demonstrates continued strength in South Florida's luxury residential market, particularly for waterfront properties in exclusive neighborhoods. Gables Estates, known for its privacy and direct bay access, remains among the most sought-after addresses in the region.
The eight-month hold period represents an unusually quick turnaround for such a substantial property investment, highlighting both the couple's market timing and the robust demand for premier waterfront real estate in Coral Gables.
