Waterfront Bay Point home sale priciest to date

Property last sold for $1.76M in 2011

TRD MIAMI /
Jul.July 15, 2015 03:00 PM

A Key West-style house in Bay Point sold for a record price in the neighborhood, $7.26 million, or $981 per square foot, The Real Deal has learned. 

The 7,400-square-foot waterfront home at 761 Buttonwood Lane was completed two weeks ago, according to Julian Johnston of Calibre International Realty, who brokered the deal.

The six-bedroom, six-and-a-half-bathroom house sits on nearly half an acre in Bay Point, a guard-gated community off Biscayne Boulevard, near Buena Vista and MiMo. It features a gourmet kitchen with Subzero and Wolf appliances, vaulted ceilings throughout, and a theater room.

The property also features 120 feet of water frontage, a new dock and a pool.

Blue Skies 2011 LLC was the seller. Kotlajic Miodrag is listed as a registered agent on the Miami-based company’s corporate records. Miodrag paid $1.76 million for the property in April 2011, according to Miami-Dade property records.

The seller is moving to Spain, Johnston told TRD. The buyer, who lives in London part-time, owned a condo and was looking to expand. The sale, which closed on Tuesday, has not yet been recorded online.

“A lot of times, the houses [in Bay Point] are renovated, but they do it for themselves. They’re not selling,” Johnston told TRD.

The second highest sale in Bay Point was the 30,823-square-foot property at 4511 Lake Road, which sold for $6.77 million in 2010, according to the MLS. Next is the 21,224-square-foot property at 4575 Sabal Palm Road, which sold for $6.15 million last year.

The community is also home Enrique Iglesias, who owns the 20,000-square-foot mansion at 4535 Sabal Palm Road.


Related Articles

arrow_forward_ios
From left: Nelson Gonzalez, Danny Hertzberg, Julian Johnston and Ben Moss

“The biggest week of the year”: Luxury brokers eye potential buyers in town for Super Bowl

“The biggest week of the year”: Luxury brokers eye potential buyers in town for Super Bowl
Daily Digest Miami

Messi lands luxury condo in Sunny Isles, Bokamper lists Plantation house

Messi lands luxury condo in Sunny Isles, Bokamper lists Plantation house
1771 North View Drive, Julian Johnston, Enrique Iglesias, and Caterine Gomez (Credit: Getty Images)

Enrique Iglesias’ former Miami Beach home trades for $13M

Enrique Iglesias’ former Miami Beach home trades for $13M
Bill Cunningham and Julian Johnston with the Miami Beach skyline (Credit: iStock)

Top Miami Beach broker joins Corcoran Group amid Miami expansion

Top Miami Beach broker joins Corcoran Group amid Miami expansion
Miami Beach South Beach sunset palm trees in Ocean Drive Florida

Collectors welcome: brokers host private events to show off their listings during Art Basel

Collectors welcome: brokers host private events to show off their listings during Art Basel
Keith Menin buys Venetian Islands home in Miami Beach

Keith Menin buys Venetian Islands home in Miami Beach

Keith Menin buys Venetian Islands home in Miami Beach
Keith Menin’s $12M sale of waterfront Venetian Island home is nearly twice what he paid

Keith Menin’s $12M sale of waterfront Venetian Island home is nearly twice what he paid

Keith Menin’s $12M sale of waterfront Venetian Island home is nearly twice what he paid
Here are the highest-grossing agents in Miami-Dade’s top markets

Here are the highest-grossing agents in Miami-Dade’s top markets

Here are the highest-grossing agents in Miami-Dade’s top markets
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...