Adonel Concrete’s chairman and CEO Luis Garcia sold his waterfront home in Miami’s Bay Point neighborhood for $27.3 million, a deal that’s reflective of the massive transformation the luxury home market has gone through over the past decade-plus.  Garcia listed the home at 790 Lake Road for $10 million in 2016, but he also had an offer if a buyer wanted a new house: pay $15 million for it. (Garcia purchased the property for just $2 million in 2012.) Instead, he waited, and it paid off: The post-pandemic market raised prices dramatically as demand skyrocketed for bespoke luxury homes on […] This article originally appeared on The Real Deal. Click here to read the full story.