We don’t know that what you would call this when a celebrity earns double of money in just a couple of years by selling the same house which they bought just earlier. If you haven’t got it what we are talking about here then don’t get stressed because Andre Hakkak wife (Marissa Shipman) has done the same things just now.
Let’s understand why the couple did this and how that mansion is what we are talking about. Thus stay tuned to the end.
The Couple: Finance Meets Beauty
Andre Hakkak isn’t your regular real estate investor which you know. He’s actually the CEO of a lending firm called White Oak Global Advisors. This company does help smaller and medium-sized businesses so that they can get the money which they need to grow. His wife (Marissa Shipman) is the founder and CEO of theBalm Cosmetics which is a cruelty-free makeup brand based in Nevada.
So we hope now you have got that they are a power couple with brains and beauty.
The Gables Estates Mansion
The Gables Estates Mansion: Big Bucks and Big Space
The mansion Andre and Marissa sold was no shack. This beauty in the exclusive Gables Estates neighborhood had a whopping 12,300 square feet (that’s like 8 regular houses), six bedrooms, nine bathrooms (plus two half baths) with a six-car garage, and a sparkling pool. Imagine having that much space to spread out where you could get lost in your own house.
They bought it in 2020 for a cool $13.6 million and then just a few years later, they managed to sell it for a large amount $27.5 million. That’s some serious mansion magic.
So hot, it’s unaffected by the market?
You might be wondering, with rising interest rates and crazy inflation that it wouldn’t that affect super-expensive home sales? Apparently not because Luxury homes in Coral Gables seem to be defying the odds. In fact, other big sales were happening around the same time as Andre and Marissa’s deal which shows that the high-end market in Miami is still sizzling.
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Pinecrest Mansion: A Record-Breaking Purchase
A Record-Breaking Purchase
Andre’s Allh Separate Property Trust bought a stunning spec mansion in Pinecrest from developer Francisco Dionicio for a whopping $14.3 million. This made it the most expensive residential sale ever in the neighborhood, beating the previous record set by billionaire Jorge Mas. Talk about a big splash.
The New Mansion: A Luxury Dream
Andre and Marissa’s new deal is nothing short of spectacular. This mansion has 10,500 square feet of living space with seven bedrooms and eleven bathrooms (plus two half-baths) because it has a spacious 1.2 acres. It also has a pool, a gym, a theater, and even a guest house. It’s like a mini resort. The architect behind this beauty is Cesar Molina from CMA Design Studios and known for his stunning modern designs.
Pinecrest: A Hot Spot for Luxury Homes
It is a town just south of Coral Gables. It has been very popular among wealthy buyers because of its top-notch schools and beautiful parks. It’s no wonder that many people are choosing to call this place home. Pinecrest is becoming a hot spot for luxury real estate because of record-breaking sales like Andre.
Why this Move?
So, why did Andre and Marissa decide to leave their Gables Estates mansion behind and move to Pinecrest? Well, it’s possible that they were looking for a more modern and updated home. Plus, the larger lot size and extra amenities in their new mansion might have been a big draw for them. And let’s not forget that record-breaking price tag that it’s a sign of a serious upgrade.
If you want to check out the Gables Estates Mansions then click here.
FAQs
- Who is Andre Hakkak’s wife?
Andre Hakkak’s wife is Marissa Shipman, the founder and CEO of theBalm Cosmetics. - What is Marissa Shipman known for?
Marissa Shipman is known for founding the cruelty-free makeup brand, theBalm Cosmetics. - What was the couple’s recent real estate deal?
Andre Hakkak and Marissa Shipman sold their Gables Estates mansion for $27.5 million, doubling their purchase price. - Why did Andre Hakkak and Marissa Shipman sell their Gables Estates mansion?
They likely sold it to upgrade to a more modern, spacious home in Pinecrest. - What is special about the new mansion they purchased in Pinecrest?
The new Pinecrest mansion is a luxury home with 10,500 square feet, a pool, gym, theater, and a guest house, making it a record-breaking purchase.
Conclusion About Andre Hakkak Wife and Mansion
It is time to sum up about Andre Hakkak and Marissa Shipman’s story where we have talked about many things and hope that you now have a better understanding of him and why they sold that mansion. Actually they played a smart move which has been appreciated by many people around the world and in the business community as well.
That’s it for now, Thanks for reading. Check out other blogs on the site and please tell us your thoughts in the comments.
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