Cindy Crawford and Rande Gerber Purchase $10 Million Waterfront Miami Beach Home: Source

Photo: Jerod Harris/Getty

Cindy CrawfordandRande Gerberare the proud new owners of a unique Florida home.

The supermodel, 54, and her businessman husband, 58, have purchased a midcentury-modern house on a celebrity favorite stretch of Miami Beach for $9.6 million, a real estate source tells PEOPLE.

The longtime couple, who share two children together —Kaia Gerber, 19 andPresley Gerber, 21 — recently closed on the 5-bedroom, 4.5-bathroom house, which boasts, nearly 4,000 square feet of living space. The home was built in the 1950s and sits on a lot with more than 100 feet of water frontage.

Miami Beach.Getty

The news of the pair’s latest purchase comes 9 months after the sale of a home they own in Malibu, California, reportedly fell through.

The couple found a buyer for the West Coast property at $6.5 million, but because of the ongoing COVID-19 pandemic, the buyers asked to back out, according toTMZ.

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Crawford and Gerber reportedly told the couple that there would be no issues with canceling the sale of the home and the pair returned the deposit, the outlet added.

They’ve made several other major real estate moves in recent years, including buying, renovating and selling another impressive Malibu property: a 5,254-square-foot estate on more than 3 acres.

They purchased that property for $50.5 million,according toW magazine.PEOPLE confirmed they listed it for $60 million withWestside Estate Agencyand Coldwell Banker back in 2016, before reducing the asking price to $50 million. The home reportedlysold in 2018for $45 million.

RELATED VIDEO: Kaia Gerber Channels Mom Cindy Crawford While Celebrating Her 18th Birthday in N.Y.C.

“Our lives go back and forth,” Crawford toldADof how they enjoy the homes. “We’ll have cocktails at our place and dinner at George’s, and vice versa.”

Clooney noted of the design, that he wanted the homes to “blend in” with their surroundings and “be something indigenous that would feel in harmony with the setting.”

Rande Gerber, Cindy Crawford and George Clooney on a trip to Ibiza, Spain.Cindy Crawford/Instagram

Last May, Crawford and Gerber celebrated22 years of marriageand Crawford marked the occasion with a throwback photo from their 1998 wedding.

“Happy anniversary @randegerber! 22 years ago we went to the Bahamas with a group of family and friends to celebrate saying ‘I do!'” shewrotealongside the sweet photo of her and Gerber feeding each other wedding cake. “I love you and the life we have together. Thanks for doing this thing called life with me—couldn’t imagine doing it with anyone else. Here’s to many more!”

Gerber also posted his own tribute to his wife, along with an old photo of the two of them.

“22 years ago I convinced @cindycrawford to fly away with me and I haven’t let go since,” hewrote. “Happy Anniversary 🙏❤️.”

source: people.com