The Adrienne Arsht’s Miami Estate

Businesswoman and philanthropist Adrienne Arsht’s elaborate Coconut Grove estate has a storied past, with links to a fabled Broadway entertainer, a music superstar, an imprisoned felon and even a onetime U.S. secretary of state. Now, it’s in the market for a new owner.

One with deep pockets. The waterfront estate overlooking Miami’s Biscayne Bay is listing for $150 million. If the estate sells for close to that price, it would set a record for a single residential transaction in the Miami area.