Published by The Real Deal South Florida, February 3, 2021
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 8-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. Including Furniture, the final sale price was $24.5 Million, 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 per Square Foot.
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.