The Florida Mediterranean mansion of entrepreneur Don Peebles has been relisted with a moderate price reduction. Peebles had initially marketed the Coral Gables estate in the spring of 2016 with an asking price of $15 million; the home recently surfaced on the open market again, this time priced at $13 million.

The house is privately ensconced on a generously-sized parcel, and is reached along a brick drive. It’s a rambling villa, fronted by a well-landscaped exterior featuring groomed lawns punctuated by mature oaks. Its façade is defined by an impressive sense of scale, the formality of a porte-cochere, and Italianate architectural cues: arches and arcades, and ornamental towers. Ivy has been manipulated well, giving the first impression a sense of history.

The interiors are preoccupied with formal detail, with crown moldings, crystal chandeliers, ornamental columns, and a great deal of stone. Floors are generally marble, necessary for the Florida heat, but also helping to enhance the mansion’s traditional feel, which is firmly established in the majestic foyer with second-floor gallery. Tones tend to warm, echoing the exterior, with the kitchen veering heavily into warm wood, and yellow and beige stone.

The home’s amenities include a library, a pair of offices, a home theater, and fitness and games rooms. It contains ten bedrooms and twelve baths, and the property extends to three acres, and incorporates a well-designed freeform pool with fountain feature.

Peebles is the founder, chairman and CEO of the Peebles Corporation, a real-estate development and ownership company that manages billions of dollars’ worth of property. Both Forbes and Black Enterprise Magazine have listed Peebles as one of the most powerful and influential African-American businesspeople and political figures in the country today. His net worth is estimated to be over $700 million.