Elle Macpherson looks to make a MASSIVE profit on mansion sale

PHOTO: Elle Macpherson. NY TIMES

The supermodel and entrepreneur paid $8.1 million for the property in 2018

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It is not clear where Elle Macpherson plans to move when she parts ways with her Florida home.nbsp

After four years in her Coral Gables, Florida, dwelling, supermodel and entrepreneur Elle Macpherson has listed the Normandy-inspired home for $29 million. The residence was designed by architect Chad Oppenheim, built in 2017, and renovated by AD100 firm Sawyer | Berson once Macpherson took ownership in 2018. It is ideal for an owner with an extensive art collection, something that Macpherson took advantage of.

During her time in the six bedroom, seven bathroom house, the walls featured works by Jean-Michel Basquiat, Richard Prince, and many of the other prominent figures of the past half-century’s art world. “I’ve had a passion for art since I was a student, and I met everyone from Warhol to Joseph Kosuth to Keith Haring and Tracey Emin,” Macpherson told AD during a home tour in 2019. “Someone wise once told me that when it comes to acquiring art, you should buy your contemporaries because they speak your cultural language. And that’s what I did.” Custom millwork adds dimension to the simple, classy interiors that allow the artwork to do the talking.

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During Macpherson’s time there, the space emphasized play, with a sophisticated James Perse ping pong table in the double height foyer and a Domeau & Pérès and Bonzini foosball table adjacent to the kitchen’s informal dining area, plus a saltwater pool in the backyard and 1.7 acres of landscaped grounds available for leisure time. Located in the Journey’s End gated community, a private dock and tennis courts are also available to residents. The $29 million asking price marks a significant bump from the $8.1 million Macpherson paid for the property in 2018.

Pablo Alfaro of Doulgas Elliman has the listing.