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

Miami /
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

arrow_forward_ios
Jennifer Valoppi and Christian de Berdouare with 5004 North Bay Road (Getty, LPG/Douglas Elliman)
Flying the coop: Chicken Kitchen owner sells waterfront Miami Beach spec mansion for $30M
Flying the coop: Chicken Kitchen owner sells waterfront Miami Beach spec mansion for $30M
Mickey Drexler and 4434 N Bay Road (Getty)
Former CEO of J. Crew and Gap adds to North Bay Road waterfront assemblage
Former CEO of J. Crew and Gap adds to North Bay Road waterfront assemblage
Architect Kobi Karp, Developer Todd Glaser and renderings of the mansion (Glaser, Karp)
Palm Beach board rejects “alien” design of mansion for former Epstein property
Palm Beach board rejects “alien” design of mansion for former Epstein property
Apollo Global Management’s Josh Harris and Softbank CEO Marcelo Claure with the property (Getty)
SoftBank’s Marcelo Claure sells Miami Beach mansion to Apollo co-founder for $32M
SoftBank’s Marcelo Claure sells Miami Beach mansion to Apollo co-founder for $32M
4412 North Bay Road
North Bay Road mansion sells for $25M, nearly double its purchase price two years ago
North Bay Road mansion sells for $25M, nearly double its purchase price two years ago
Dwyane Wade and Gabrielle Union with 5980 North Bay Road. (Getty, Brett Harris Homes)
Dwyane Wade, Gabrielle Union sell waterfront Miami Beach estate for $22M
Dwyane Wade, Gabrielle Union sell waterfront Miami Beach estate for $22M
Jennifer Lopez, Ben Affleck and their Miami Beach property. (Getty, Corcoran)
Jennifer Lopez and Ben Affleck are renting a Miami Beach mansion
Jennifer Lopez and Ben Affleck are renting a Miami Beach mansion
Joseph Chetrit and a rendering of the Collins Park project (Getty, Kobi Karp)
Chetrit scores $63M construction loan for long-planned Collins Park hotel in Miami Beach
Chetrit scores $63M construction loan for long-planned Collins Park hotel in Miami Beach
arrow_forward_ios

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

Loading...