The Real Deal Miami

North Bay Road home fetches $15.25M

Couple sells waterfront property to Coral Gables-based company
By Eric Kalis | November 21, 2014 10:30AM

5840 North Bay Road

5840 North Bay Road

A waterfront home on North Bay Road in Miami Beach traded for $15.25 million, The Real Deal has learned.

Coral Gables-based Barish Family Investments purchased the six-bedroom, 6,200-square-foot house in a transaction that closed on Monday, according to Miami-Dade County records. No financing was recorded. The five-bathroom residence was originally constructed in 1929.

The sellers are Nathan and Esme Segal of Miami.

Cyril Matz of One Sotheby’s International Realty was the listing agent for the 5840 North Bay Road property. David Hunt Solomon of EWM Realty International represented the buyer.