Miami is known for its glass towers stacked with luxury condos and sky-high views. But just to the south, in verdant Coral Gables, specifically behind the guarded gates of the Gable Estates, the appeal is waterside tranquility, with gracious homes on large lots and boats parked out back. 

A newly listed waterfront estate in the exclusive enclave has arrived on the market for $28 million. The Mediterranean-style residence known as Villa De Casuarina spans approximately 11,800 square feet and offers eight bedrooms, eight full bathrooms, and two powder rooms. Set on a lushly landscaped parcel with nearly 400 feet of canal frontage, the property blends grand scale with coveted deep-water dockage.

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Built in 2000, the home was designed with real life in mind—prioritizing comfort and livability over stark, showroom-style minimalism. A double-height foyer that into a series of formal and informal spaces that flow easily into one another, while a staircase leads down to a wine cellar tucked below. Some of the more custom elements embrace an intentionally old-school sensibility, featuring a walk-in humidor, a classic movie theater, and an entertainment lounge with a seated bar that feels less like a South Beach nightclub spectacle and more like an intimate, after-hours hangout.

Elsewhere, the kitchen has been updated with marble countertops and an array of professional-grade appliances, including dual Sub-Zero refrigerators and Miele coffee stations.

Out back, the priorities become clear. Terraces step down toward a heated pool framed by manicured landscaping, with the home’s north exposure keeping the light consistent throughout the day—a small but appreciated detail in South Florida. The private dock accommodates a yacht up to 60 feet, with direct canal access leading straight out to Biscayne Bay and the Atlantic Ocean.

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Gables Estates has increasingly drawn attention as wealth continues flowing into South Florida. Zillow recently ranked the exclusive community as the most expensive in the country, edging past traditional luxury strongholds like Beverly Hills. With just 179 homes tucked behind its gates—where property values exceed $20 million on average—turnover is rare, and sales tend to reset expectations, like The Weeknd’s nearby $50 million purchase last year, which marked a record for the area.

Listed with Chad Carroll and Miche lle Suegart of The Chad Carroll Group, Villa De Casuarina captures the kind of Miami luxury that isn’t trying too hard—expansive, private, and built around the simple idea that the best amenity might still be stepping from your backyard onto a boat.

Click here to see more photos of the Coral Gables home.