Former Royal Caribbean C.E.O. Richard Fain's impressive 10,840-square-foot mansion hit the market after more than 35 years for $42 million.
Fain joined Royal Caribbean in 1979 as an outside director on the company’s Board of Directors. In 1988, he took the position of Chair of the Board of the Royal Caribbean Group and was named the company's Chief Executive Officer.
Under Fain’s leadership, Royal Caribbean transformed into one of the most recognized and respected brands in the travel industry. While with the company, Royal Caribbean Group introduced new ship categories that continuously pushed the boundaries of cruise ship innovation, including the Sovereign, Voyager, and Oasis Classes.
He stepped down as C.E.O. on January 3, 2022, with Jason Liberty succeeding him and joining the Board of Directors.
Having spent over 33 years with the company, he amassed an impressive net worth of over $100 million. However, Fain decided it was time to list his waterfront home in Coral Gables, Florida.
The sprawling estate sits on over 2.25 acres
Designed by acclaimed architect Dan Roban, a protégé of Frank Lloyd Wright, the lavish estate showcases tropical modernism, featuring textured coral rock, exposed wood beams, and expansive skylights.
It also highlights one of the best parts of Southern Florida living for the wealthy: direct waterfront access to the Atlantic Ocean and Biscayne Bay. The mansion includes 130 feet of waterfrontage, as well as a private dock and boat lift.
In addition to its prime waterfront location, the estate features a pool that complements its tropical modern, upscale design.
Surrounded by lush landscaping, the pool area offers a relaxing retreat far from what you'd find on any Royal Caribbean cruise ship.
Inside, the home offers seven spacious bedrooms, a chef's kitchen, and a living room with vaulted ceilings. The high ceilings help create an open feel and blend the indoor and outdoor spaces. Expansive skylights also flood the home with plenty of natural light.
Regardless of where you step, large windows frame the property like living art, allowing endless views of the flora and waterfront.
The home was originally built in 1969 but has undergone obvious updates to preserve its architectural integrity while blending modern conveniences and luxuries.
However, the estate's interior design incorporates warmer colors, straying from the modern trend of minimalist whites and cool tones — think earthy browns and beige instead of clean, sparkling marble.
The estate also includes seven and a half baths, an attached garage, walk-in closets, and more.
The master bathroom is perhaps the most impressive. It features an elegant soaking tub positioned to take full advantage of the property's views.
However, it also has his and hers showers, both of which have small windows to bring in even more natural light.
The massive dual vanity has sleek countertops and offers ample storage, akin to what you might find in one of Royal Caribbean's largest suites!
At $42 million, this over-the-top mansion isn't cheap. In addition to the steep asking price, Douglas Elliman reports that the home comes with $7,500 in annual maintenance and nearly $70,000 in taxes.
The home is located at 700 Arvida Pkwy, Coral Gables, FL 33156 in the prestigious Gables Estates community, which was developed in the 1960s and features just 164 homes and 24-hour security.
