Kobi Karp buys waterfront North Bay Road home: $6.55M

5328 North Bay Road (Inset: Kobi and Nancy Karp)
5328 North Bay Road (Inset: Kobi and Nancy Karp)

Architect and interior designer Kobi Karp and Nancy Karp picked up a circa-1935 home on Miami Beach’s North Bay Road, county records show.

The Karps paid $6.55 million for the waterfront property at 5328 North Bay Road. Mike Macbain and Marcia McIntyre of Canada sold the nearly 5,400-square-foot home. Mike Macbain is a founding partner and chief information officer of East Coast Fund Management Inc., an Ontario-based hedge fund manager. McIntyre is the firm’s head of marketing.

The six-bedroom, six-bathroom property sits on a 12,641-square-foot lot. Property records show it last sold for $5 million in 2011. It was listed for sale at about $7 million in 2014. Coldwell Banker’s Danny Hertzberg was the listing agent.

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The Karps have been very active in Miami and Miami Beach on both the residential and commercial side. Kobi Karp is designing a Collins Park redevelopment of Postwar modern and Art Deco properties in South Beach. The Chetrit Group is the developer. In November, a waterfront Sunset Islands mansion he designed hit the market for $26 million.

A mortgage was not recorded as part of the North Bay Road deal.