2138 Bay Avenue, Miami Beach (Credit: Google Maps)
Written by Keith Larson
May 18, 2020
As reported by The Real Deal, A Toronto Financier paid $14.3 million for a Waterfront home in Miami Beach’s Sunset Islands that will likely be torn down.
Marilyn Melcher sold the home at 2138 Bay Avenue on Sunset Island I, records show. The buyer is 2138 Bay Home LLC, which is tied to Ronald Schmeichel, CEO of Toronto-based JJR Capital.
The home spans 3,920 square feet, equating to a price of $3,647 per square foot. Built in 1937 on about half an acre, it has 4 bedrooms and 4 bathrooms, records show.
Sunset Islands is a beautiful location, offers Boat Dockage, and amazing Water views! Among Sunset Islands’ highest recent sales are 3 additional Properties that sold for purchase prices of $10 Million, $15.5 Million, and $13 Million.
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Related information: Miami Waterfront Homes