Gloria and Emilio Estefan's investment nearly 3 decades ago on a Miami mansion has paid off big time ... TMZ's learned the couple sold it for a whopping $35 million.
According to property records ... the famous couple sold their 6-bedroom, 10-bathroom crib on Miami's Star Island last week. The Estefans sure got top dollar for the nearly 8,000-square-foot mansion especially when you consider this -- property records show the couple bought the house in 1993 for $1,840,000. #ChaChing.
We're told ... as of late Gloria and Emilio used the home for guests when they visited the famous couple, who aren't going anywhere 'cause they have another property down the street. The area, of course, is a major enclave for celebs like Alex Rodriguez, Shaquille O'Neal and Sean Combs, to name a few.
As for the corner-lot house itself ... it sits on a 58,332-square-foot lot. It offers sparkling waterfront and unobstructed views to Biscayne Bay and the downtown Miami skyline.
For the new owner's guests ... there's a 2-story guest house with 3 bedrooms, 2 full bathrooms and 1.5 baths complete with a spacious living room and private dining room. It's also got killer views. And, if the new owner has a boat (guessing yes), there's also a private dock at this one-of-a-kind estate.