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Coral Gables man leaves historic house to Uncle Sam (Miami Herald)
The United States government had more than two million reasons to celebrate
Saturday.
A longtime Coral Gables resident designated $1 million and his historic home
to the federal government in his will to help wipe away the nation's $15
trillion public debt.
Uncle Sam put the home on 1248 Coral Way on the auction block Saturday. The
winning bid: $1.175 million.
The 1929, Spanish-style home belonged to James H. Davidson Jr., who lived in
the home since his teenage days in 1938 and died childless last December at
87.
The home was officially designated a historic landmark in November by the
Historic Preservation Board of Coral Gables.
The Miami-Dade property appraiser's office values the two-story home that sits
on four lots of land (double the size of most houses in the area) at just over
$700,000.
The average list price for similar homes for sale in that area is $1.2
million, according to the real estate website Trulia.
"It's incredible, the house really has remained untouched," said Kelley
Schild, a Coral Gables resident who came out Saturday to check out the house
and see the auction.
The auction attracted about 100 people Saturday. Fifteen people registered to
participate in the auction, ...