Exotic Car Honcho pays $7 million for Aventura Island Estates mansion

3911 Island Estates Drive in Aventura, FL and Joshua Coba, co-founder of European Wax Center (The Carroll Group, Getty)

Luxury car dealership honcho Adam Gordon has bought a mansion in Aventura’s exclusive Island Estates for $6.5 million, The Real Deal has learned.

Gordon, CEO and owner of Fort Lauderdale Collection, purchased the five-bedroom home at 3911 Island Estates Drive.

The seller was Joshua Coba, co-founder of the European Wax Center chain of hair removal salons.

Coba bought the mansion in 2013 for $2.8 million. Chad Carroll of the Carroll Group at Compass closed the new sale.

The 4,803 square foot home has five bedrooms and six and a half bathrooms. Designed by Ramon Pacheco, it has arched glass windows and doors, a powder room, and a master bath with a $20,000 cast-iron tub overlooking the bay.

The exterior has a swimming pool, fire pit and summer kitchen with two grills and a bar. The house was built in 2004, according to property records.

Coba founded the European Wax Center in 2004 with his brother, David Coba, in Aventura. Now based in Plano, Texas, the publicly traded salon chain has locations across the United States.

Gordon’s Collection dealership was founded by his grandfather in the 1980s, with Gordon adding to the luxury and sports car business model by offering collectible cars. The inventory includes Bentleys and Lamborghinis, according to the company’s website.

Collection customers have included professional athletes, including the NBA’s Shaquille O’Neal, according to media reports.

Gordon’s new home is on the South Island of Island Estates, an enclave of 22 mansions overlooking Dumfoundling Bay. The North Island is home to the luxurious Private Condominium at Island Estates.

In 2020, DJ Khaled sold the house across from the one Gordon had bought for $4.8 million, 40% off the nearly $8 million asking price.

Residential real estate on South Florida’s waterfront has seen an influx of big-ticket deals, in part from Northeasterners looking for more living space during the pandemic. In October, former French director of vaccines Olivier Brandicourt and his wife, Diane, paid $7.5 million for a mansion in Key Biscayne.

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