Baseball All-Star Manny Machado recently bought an 8,305-square-foot waterfront mansion in Coral Gables for $11.3 million. And he got it at a significant discount from the original $13.4 million asking price for the home.

The house, on Tahiti Beach Island Road, is in the exclusive Tahiti Beach neighborhood of Cocoplum, a gated community close to downtown Coral Gables.

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It offers Machado, a Miami native who signed a $300 million contract with the San Diego Padres in February, privacy and security.

“Cocoplum is pretty exclusive to begin with, but then you have to go across a bridge and through another entrance to get to Tahiti Beach,” said Amit Bhuta, a real estate agent with Compass in Miami. “There are a lot of athletes, celebrities and hedge fund managers living there.”

The three-story house, which was built in 1994, overlooks Biscayne Bay and has six bedrooms, seven full and one half baths. It sits on nearly one acre with 121 feet of water frontage and boasts water and downtown Miami skyline views, a large frontyard, pool and elevator.

Chad Carroll, executive director of luxury sales for Douglas Elliman Real Estate, held the listing, while Yvette Rivero, of Rockway Realty in Miami, represented the buyers, Machado and Yainee Machado, his wife. Both agents declined to comment.

“The home went through many price reductions,” said Maurice Boschetti, broker/owner of Boschetti Realty Group in Coral Gables. “I’ve walked the home, and what really amazes you are the direct ocean views and seeing the Miami skyline at night.”

The sellers, James Margolis and Marja Pauliina Margolis, originally listed the home for $22 million in 2016, according to Zillow. James Margolis bought the property in September 1990 for $1.1 million, public records disclose.

According to Boschetti, the house is now listed for rent, at $30,000 per month.

Machado, a four-time All Star, played for the Baltimore Orioles for seven seasons before helping the Los Angeles Dodgers get to the World Series last year. His 10-year contract with the Padres in February was, at the time, the largest free-agent contract in the history of North American sports.

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