Rafael Arias, Michael Light, and Jaimee Light close 555 Arvida Parkway for $26.2 million
One Sotheby’s listed the Gables Estates waterfront, six bedrooms and 13,147 living square feet, and The Light Group at Douglas Elliman placed the buyer at $26,202,689.
Rafael Arias of One Sotheby’s International Realty held the listing. Michael Light and Jaimee Light of The Light Group at Douglas Elliman brought the buyer. On May 29, 2026, 555 Arvida Parkway closed at $26,202,689.
The house is a Mediterranean-and-modern estate on 1.03 acres in Gables Estates: 13,147 living square feet, six bedrooms, six full bathrooms and two half baths, on three levels. Compass puts the lot at 45,000 square feet, with 180 feet of waterfront, a 100-foot dock, and a boat lift. The listing calls it a yachtsman’s paradise — canal front, no fixed bridges, ocean access.
Renovated top to bottom in 2015, the interiors run to soaring ceilings, a chef’s kitchen opening to a family room with bar seating, a billiard room with a see-through aquarium wall into the office, and a 5,000-bottle wine cellar with tasting room. The lower level holds a gym with sauna and full bath, a theater, a playroom, and two-bedroom staff quarters. Garage parking is for five-plus cars, with an elevator. The house is one of only 24 in Gables Estates with exclusive access to the private Leucadendra tennis courts.
Arias listed it for One Sotheby’s. The Lights delivered the buyer.
Compass still carries the sold listing under Arias’s name. That is the clip.
Closed sale. $2M+ in live markets only. Listing and buyer’s agents named as published. Photos provided by One Sotheby’s. Luxury Price Drops is not a brokerage.