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Spec home developer sells waterfront North Bay Road mansion for $24M
Deal comes out to $24.5M including furniture
Spec home developer Andian Group sold a waterfront mansion on Miami Beach’s North Bay Road for $23.7 million.
Andian, led by Andres Isaias and One Sotheby’s International Realty agent Alejandro Diaz-Bazan, sold the eight-bedroom, 9,408-square-foot home at 3080 North Bay Road to an LLC named after the address.
Diaz-Bazan represented the developer, and Chad Carroll from Compass brought the buyer. Both declined to comment on the buyer’s identity.
Ralph Choeff of Choeff Levy Fischman designed the modern, two-story mansion. It sold for $24.5 million, including furniture, the developers said, adding that they received multiple offers. Isaias said the sale price marks a new record on a per-square-foot basis for North Bay Road at nearly $2,600 a foot.
Property records show the 20,500-square-foot lot last sold in 2018 for $7.8 million.
Sales of waterfront properties along North Bay Road have been surging in recent months. A doctor recently sold her home at 4540 North Bay Road to a hidden buyer for $18.7 million, and billionaire hedge fund manager Dan Loeb recently picked up a spec mansion for $20 million and a teardown farther south for $12 million.
Last week, Phil Collins sold his estate at 5800 North Bay Road for more than $39 million to private equity billionaire Orlando Bravo and his wife Katy.