The Real Deal Miami

Keith Menin puts Miami Beach house on the market for $4.25M

Home's upstairs master suite has 15-foot ceilings with a mini loft/office/study room
By Ina Cordle | November 03, 2016 09:45AM

Keith Menin is putting his modern Art Deco home on North Bay Road in Miami Beach on the market for $4.25 million, as he looks to upgrade.

Nelson Gonzalez, senior vice president at EWM Realty International, has the listing for 2701 North Bay Road, a 3,794-square-foot, non-waterfront home on a 10,863-square-foot corner lot. The six-bedroom, six-bath house, built in 1926, was designed for a famous jockey, Gonzalez told The Real Deal. After the jockey died it was turned into a museum by his family for about five years. Upstairs balconies still carry sculptures of a jockey atop a horse.

The home features a new kitchen with Calacatta marble, and SubZero, Wolfe, Miele and Bertazzoni appliances. The upstairs master suite has 15-foot ceilings with a mini loft/office/study room, large walk-in closets and steam shower. The house also comes with a detached guest house and a new full-house gas generator. Outdoor features include an Ipe wood deck, pool, large cabana with summer kitchen and gas grill and outdoor TV and shower.

Gonzalez said Menin plans to upgrade to another home. He said the property’s large lot would be worth $2 million to $2.5 million, alone, if it sold as vacant.

He also cited the home’s location on lower North Bay Road as a plus. “That neighborhood has been very, very attractive to the young, wealthy crowd, because they want to be close to South Beach, but they don’t want to live in South Beach,” Gonzalez told TRD. “It’s walking distance to Lincoln Road and Sunset Harbour…. That’s what makes lower North Bay Road so attractive.”

Menin, a principal at Menin Hospitality, is involved in more than 15 South Florida projects – bars, food and beverage concepts, and hotels, along with his cousin and managing principal Jared Galbut. Real estate is in the family for Menin, whose uncle is Crescent Heights developer Russell Galbut.

Menin Hospitality’s Bodega Taqueria & Tequila, at 1220 16th Street in Miami Beach, opened in early 2015, offering late-night tacos in the front and, through a walk-in refrigerator door, a speakeasy bar in the back. Ricky’s, a bar next to Bodega with live music and arcade games, is also in the works. And Al’s, a fast-casual eatery and bar, will open in the former Firestone property at 1575 Alton Road early next year. The company is also a partner on the Gale in Fort Lauderdale Beach, which is set to open in early 2018.