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

Canadian hedge funder sold the 12,600 sf lot

Feb.February 11, 2016 11:15 AM

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.

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.

Related Articles

Chad Carroll, Matthew Dugow and Liz Hogan with 8750 Ponce de Leon Road (Credit: Douglas Elliman)

JP Morgan managing director buys mansion near Coral Gables

5242 North Bay Road and Cyril Matz (Credit: Google Maps)

Waterfront North Bay Road home sells for $7M

Chad Carroll, Mariana Trentini, and Fabio Lopes, and Christopher Burch with 5050 North Bay Road

Heinz Brasil exec sells waterfront North Bay Road home to Christopher Burch

Julian Cohen and a rendering of the project

Felix and Julian Cohen propose waterfront spec mansion on North Bay Road

4424 North Bay Road, and from right: Neil and Jennifer Sazant, Lindsay McMinn and Karen Stauber (Credit: Getty Images)

Waterfront lot on North Bay Road sells for $7M

Kobi Karp and the Miami Ad School property (Credit: Wikipedia)

Architect Kobi Karp buys Miami Ad School in Wynwood

Julian Johnston, Julian Cohen and the property

Spec home developer Felix Cohen buys two vacant lots on North Bay Road for $14M

5712 North Bay Road and Rodney O’Neal (Credit: Realtor and Getty Images)

Spec home builders sell North Bay Road mansion for $16M