Andre Hakkak house isn’t one property but two, and the story of how he moved from one to the other says as much about South Florida’s luxury market as it does about the man himself. In the summer of 2024, the White Oak Global Advisors co-founder and CEO sold his Coral Gables mansion for $27.5 million, nearly doubling what he paid for it four years earlier. Weeks later, he paid a record $14.3 million for a newly built spec mansion in Pinecrest. Here’s what’s actually known about both homes, based on public records and real estate reporting rather than speculation.
Who Is Andre Hakkak?
Andre Hakkak is the co-founder and CEO of White Oak Global Advisors, a San Francisco-based investment firm that provides financing to small and mid-sized businesses. Before starting White Oak, he founded and served as chief investment officer of Alpine Global. His wife, Marissa Shipman, is the founder and CEO of theBalm Cosmetics, a Reno, Nevada-based cosmetics company. The couple’s real estate moves have drawn attention less for celebrity status and more for the numbers involved: a near-doubling of value on one sale and a neighborhood price record on the next purchase.
Where Is Andre Hakkak House Located?
Hakkak’s current home sits at 8900 SW 64th Court in Pinecrest, an affluent Miami-Dade County village known for large lots, mature tree canopy, and a market that has drawn other high-profile buyers in recent years, including NBA player Dion Waiters and [solidcore] founder Anne Mahlum. His previous home was in Gables Estates, a gated, non-waterfront-adjacent enclave within Coral Gables recognized for large private lots and strict community standards. Both neighborhoods sit within a short drive of one another in South Florida’s luxury real estate corridor, an area that has seen sustained demand from out-of-state buyers relocating for Florida’s tax advantages.
The Pinecrest Mansion: Property Overview
The Pinecrest estate spans 1.2 acres and roughly 10,500 square feet of living space, with seven bedrooms, 11 full bathrooms, and two half-bathrooms. It was designed by Miami-based architect Cesar Molina of CMA Design Studios, who also designed Hakkak’s former Coral Gables residence. The property was built on spec by developer Francisco Dionicio’s Dionicio Investment Group, which had purchased the underlying land for $1.3 million back in 2017 before constructing the home. When Hakkak’s trust closed on the property in 2024, the $14.3 million price set a new high-water mark for a home sale in Pinecrest.
Architecture and Design
Because the home was architect-designed and built to spec rather than customized to order, its layout reflects choices aimed at broad luxury-buyer appeal: large-format living spaces, a scale suited to entertaining, and amenities that support both daily family life and hosting guests. Cesar Molina’s involvement links the Pinecrest property directly to Hakkak’s earlier Coral Gables home, giving the two projects a shared design lineage even though they sit in different neighborhoods.
What’s Inside
Public reporting confirms the home’s amenities include a pool, a private gym, a home theater, and a separate guest house — features aimed squarely at both daily living and hosting. With 11 full bathrooms across seven bedrooms, most principal rooms appear designed to function as private suites, a layout common in newly built spec mansions where each bedroom is expected to operate independently for family members and guests alike.
Outdoor Space
At 1.2 acres, the Pinecrest lot is generous even by the standards of the neighborhood, giving the pool, guest house, and surrounding grounds room to function as distinct outdoor zones rather than a single connected yard. That scale is part of what supported the record sale price: in a market where large, buildable lots are increasingly scarce, size itself becomes a differentiator.
The Coral Gables House Hakkak Left Behind
Before Pinecrest, Hakkak and Shipman owned a two-story, 12,300-square-foot home at 8950 Arvida Drive in Gables Estates. Completed in 2016, the non-waterfront property sat on nearly two acres and included six bedrooms, nine full bathrooms, two half-bathrooms, a six-car garage, and a pool. The couple bought it in 2020 for $13.6 million and sold it in an off-market deal in July 2024 for $27.5 million — to the Rose Star Trust, led by trustee Jacob Siewert. That sale, completed just weeks before the Pinecrest purchase, effectively funded the couple’s move to their current home.
Property Timeline
| Year | Event |
|---|---|
| 2016 | Coral Gables home at 8950 Arvida Drive completed |
| 2017 | Developer Francisco Dionicio buys the future Pinecrest lot for $1.3 million |
| 2020 | Hakkak and Shipman buy the Coral Gables home for $13.6 million |
| July 2024 | Coral Gables home sold off-market for $27.5 million |
| July 2024 | Hakkak’s trust buys the Pinecrest mansion for a record $14.3 million |
Market Value and Context
The $14.3 million paid for the Pinecrest home set a new price record for the village at the time, edging past other recent high-end deals in the area, including Anne Mahlum’s $11.3 million spec-home purchase and Dion Waiters’ $11.1 million sale. The Coral Gables sale tells its own story: a $13.9 million gain over four years reflects the broader surge in South Florida luxury pricing, driven in large part by buyers relocating from higher-tax states. Both transactions illustrate a market where well-located spec mansions, even without long ownership histories, can command prices once reserved for older, more established estates.
Quick Property Snapshot
Current home — Pinecrest, Florida
| Detail | Information |
|---|---|
| Owner | Andre Hakkak (via Allh Separate Property Trust) |
| Location | 8900 SW 64th Court, Pinecrest, Florida |
| Property Type | Spec-built single-family estate |
| Architect | Cesar Molina, CMA Design Studios |
| Purchase Year | 2024 |
| Purchase Price | $14.3 million |
| Lot Size | 1.2 acres |
| Living Area | Approx. 10,500 sq. ft. |
| Bedrooms | 7 |
| Bathrooms | 11 full, 2 half |
| Notable Amenities | Pool, gym, home theater, guest house |
Previous home — Coral Gables, Florida
| Detail | Information |
|---|---|
| Address | 8950 Arvida Drive, Gables Estates, Coral Gables |
| Purchased | 2020, for $13.6 million |
| Sold | July 2024, for $27.5 million |
| Living Area | 12,300 sq. ft. |
| Lot Size | Nearly 2 acres |
| Bedrooms | 6 |
| Bathrooms | 9 full, 2 half |
| Notable Amenities | Six-car garage, pool |
Frequently Asked Questions
Where does Andre Hakkak live now?
Hakkak currently owns a mansion at 8900 SW 64th Court in Pinecrest, Florida, purchased in 2024 for $14.3 million.
How much did Andre Hakkak pay for his Pinecrest house?
He paid $14.3 million, a record price for the village at the time of the sale.
Did Andre Hakkak sell his Coral Gables home?
Yes. He and his wife sold their Gables Estates mansion in July 2024 for $27.5 million, having purchased it in 2020 for $13.6 million.
Who designed Andre Hakkak’s homes?
Architect Cesar Molina of CMA Design Studios designed both the Pinecrest mansion and the earlier Coral Gables residence.
How big is the Pinecrest mansion?
The property spans roughly 10,500 square feet on a 1.2-acre lot, with seven bedrooms and 11 full bathrooms.
What does Andre Hakkak do for a living?
He is the co-founder and CEO of White Oak Global Advisors, a San Francisco-based firm that provides financing to small and mid-sized businesses.
Is the Pinecrest home waterfront?
No. Unlike some nearby luxury properties, the Pinecrest estate is not a waterfront lot; its value is driven primarily by its size, design, and amenities.
Final Takeaway
What stands out about Andre Hakkak’s house isn’t a single dramatic feature — it’s the pace and precision of the transactions. Selling one estate for nearly double its purchase price and immediately closing on a record-setting property elsewhere reflects a level of market timing more often associated with professional investors than typical homeowners, which perhaps isn’t surprising given Hakkak’s day job.
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