Who Is Andre Hakkak’s Wife? Why The Couple Sold Out The Gables Estates Mansion For $28M?

Andre Hakkak

We aren’t sure what it means when a famous person earns more than double in two years selling the house they bought prior. If you don’t know the way we’re discussing here, do not be worried because the wife of Andre Hakkak (Marissa Shipman) has been doing the same thing just recently.

Let’s find out why the couple made this decision and also how the mansion is the subject of our discussion. Stay tuned to the conclusion.

The Couple: Finance Meets Beauty

Andre Hakkak wife isn’t your regular real estate investor that you’ve heard of. He’s the chief executive officer of a loan company named White Oak Global Advisors. The company assists small and medium-sized enterprises to help them obtain the capital they require to grow. The wife of the founder (Marissa Shipman) is the CEO and founder of the Balm Cosmetics company, which is a cruelty-free makeup company based in Nevada.

We hope that you know the idea that they are a formidable couple who have brains and beauty.

The Gables Estates Mansion: Big Bucks and Big Space

This mansion Andre and Marissa sold wasn’t a home or a shack. The beauty is located in Gables Estates, a prestigious Gables Estates neighborhood that boasts a massive 12.300 square feet (that’s similar to 8 standard houses) with six bedrooms, 9 bathrooms (plus two baths that were half-baths), a garage for six cars, as well as an inviting pool. Imagine having that much room to sprawl out and you can get lost inside your own home.

They purchased it in 2020 for $13.6 million, and a couple of decades later, they were able to sell it at a massive sum of $27.5 million. That’s a lot of mansion power.

So hot, it’s not Affected on the Markets?

You might be thinking about the rising rates of interest and crazy inflation and thinking that this wouldn’t have an impact on the sale of expensive homes. Not, as luxury houses located in Coral Gables seem to be outsmarting the odds. Several other huge deals were taking place at the same time as Andre Marissa’s deal, which proves that the luxury market in Miami is still hot.

A Record-Breaking Purchase

The Andre’s Allh Separate Property Trust bought an impressive spec mansion located in Pinecrest with Developer Francisco Dionicio for a whopping $14.3 million. This was the most expensive residential purchase ever made in the area, surpassing records set earlier by the billionaire Jorge Mas. Talk about a splash.

The New Mansion: A Luxury Dream

Andre Marissa and Andre’s latest deal is stunning. The mansion is 10,000 sq ft and is home to. It has seven bedrooms and 11 baths (plus 2 half baths) because it is situated on a large 1.2 acres. There’s also the gym, a pool, a theater, and a guesthouse. It’s like a mini-hotel. The architect behind this stunning design is Cesar Molina, a designer from CMA Design Studios known for his striking contemporary designs.

Pinecrest: A Hot Spot for Luxury Homes

It is located just to the south of Coral Gables. It has become very well-liked by buyers with high net worth due to its top-of-the-line schools and gorgeous parks. This is why a lot of people are choosing to make the area their home. Pinecrest is fast becoming a popular area to purchase high-end real estate due to record-breaking sales such as Andre.

What’s the point of this Move?

What was the reason Andre as well as Marissa decided to quit the Gables Estates mansion behind and relocate to Pinecrest? Perhaps they were in search of an updated and modern house. Also, the bigger size and additional amenities in their new home could have been a huge attraction for the couple. Let’s not forget the record-breaking price tag, which is evidence of an important improvement.

FAQs

Who is the wife of Andre Hakkak?

His wife, Andre Hakkak, is Marissa Shipman, the founder and CEO of Balm Cosmetics.

What’s Marissa Shipman known for?

Marissa Shipman is known for her role in the creation of the cruelty-free makeup brand TheBalm Cosmetics.

How was it that the couple’s most recent real estate transaction?

Andre Hakkak and Marissa Shipman have sold their Gables Estates mansion for $27.5 million, more than doubling their price of purchase.

What made Andre Hakkak and Marissa Shipman decide to sell their Gables Estates mansion?

They probably have sold it to make room for an updated, larger house in Pinecrest.

What’s unique about the new house they bought from Pinecrest?

The brand-new Pinecrest Mansion has been built as a deluxe residence that includes 10,000 square feet of space and a gym, pool, as well as a theater and guest home, making it a record-breaking acquisition.