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In 2023, Texas mogul paid $36 million for 11,000-sq-ft home; months later, the house was demolished

Source: Times of India
Category: Business
Region: General
Published: September 29, 2026 at 13:11

πŸ“ Summary

A Texas property developer recently demolished the Wood Residence, a historic mansion in Coral Gables, Florida. The estate, designed by Alfred Browning Parker, was not designated as a historic landmark. Local preservation advocates expressed frustration over regulatory loopholes allowing such demolitions without public hearings. The demolition reflects a broader trend driven by rising land values in South Florida’s luxury real estate market.

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texas demolished historic florida estate mogul paid million home months

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