La Gorce Island home sale sets pricing record

Buyer pays $611 per foot for property, expected to raze existing house

May.May 06, 2014 09:45 AM

A La Gorce Island home in Miami Beach broke the sale price per square foot record for Miami-Dade County, according to the property’s listing agent.

The 34 La Gorce Circle residence sold for $14 million on Monday, broker Danny Hertzberg told the Miami Herald. Built in 1941, the six-bedroom, six-bathroom house is expected to be razed by the buyer, who was not disclosed. The 4,846-square-foot home is located on a nearly 23,000-square-foot property with wide bay views.

Miami-Dade County has not recorded the transaction.

Hertzberg, the son of luxury broker Jill Hertzberg, is part of Coldwell Banker’s The Jills Team.

The buyer paid $611 per square foot for the property, or $2,889 per square foot for the home. The previous price per square foot record sale occurred in December 2013, when 2550 Bay Avenue sold for $529 per square foot for the land and $2,230 per square foot for the house. That was also a teardown. [Miami Herald]Eric Kalis

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