Coastal Construction exec wants $13M for Miami Beach manse

Asking price breaks down to $1,533 per square foot

TRD MIAMI /
Mar.March 21, 2016 12:00 PM

Tom C. Murphy is hoping to leave his waterfront Miami Beach mansion behind while also making a solid chunk of change.

The Coastal Construction co-president just placed his mid-century home on the market for $12.9 million — $10.1 million more than what he and his wife Suzanne paid for it four years ago.

Located at 5045 Lakeview Drive in the ritzy Lakeview community of Mid-Beach, Murphy’s 8,306-square-foot home was built in the 1950s on a large 33,150-square-foot lot. It has six bedrooms, six bathrooms and two half-baths.

Two years ago, the Murphys completely renovated the single-story home with luxe finishes like white marble floors, Calacatta Gold marble countertops in the kitchen and modern appliances. The master bedroom’s closet is also decked out in custom Zebra wood closets, and a newly installed Creston smart-home system controls everything from the home’s security systems to its lighting, according to the listing.

It’s also wrapped in floor-to-ceiling pocket doors that open to the backyard.

Besides the interior finishes, the home also boasts a private dock, waterfront pool, and housekeeper’s quarters.

The Jills, a Coldwell Banker real estate team, has the listing.

Murphy and his wife bought the home in 2012 for $2.8 million, or about $337 per square foot. After only four years, the couple hopes to rake in $1,533 per square foot with this sale — more than triple what they originally paid.


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