The Real Deal Miami

Miami Beach home sells for $10.5M

Waterfront North Bay Road residence originally built in 1932
April 04, 2014 01:30PM

4750 North Bay Road

4750 North Bay Road

A North Bay Road home in Miami Beach traded for $10.5 million.

Kristopher B. Hinson sold the 4750 North Bay Road residence to Miami-based Virginia Bright LLC on Monday, according to Miami-Dade County records. Hinson paid $5.6 million for the 6,837-square-foot home in May 2004. Virginia Bright obtained a $7 million mortgage from New York-based RN Security Lending for the purchase.

State corporate records identify Ronald Isriel as president of the buying company.

The six-story, seven-bedroom home was originally constructed in 1932. The 20,000-square-foot property fronts Biscayne Bay and includes a swimming pool. — Eric Kalis