The Real Deal Miami

Travel/entertainment entrepreneur pays $7M for Bay Harbor home

Waterfront house, built in 2000, sold for $1,300 per square foot
By Katherine Kallergis | January 13, 2017 10:30AM

9424 West Broadview Drive

The president and CEO of a travel and entertainment provider paid $7 million for a waterfront home in Bay Harbor Islands.

Records show Joseph and Jaya Zebede sold the seven-bedroom, 5,400-square-foot house at 9424 West Broadview Drive to Brett and Maria Celia Reizen. Brett Reizen co-founded his company, Entertainment Benefits Group, which handles admission sales for events, attractions and hotel rooms with offices in Las Vegas, Orlando, New York and based in Miami.

The Reizens paid nearly $1,300 per square foot for their new home. It was on the market for more than a year before it sold with EWM’s Nancy Batchelor, according to Realtor.com. It was first listed for $8.125 million in 2014, then on and off the market until its latest price reduction down to $7.35 million in October.

The couple also owns a house just blocks away on a dry lot in Bay Harbor Islands.

The sellers are Joseph Zebede, a Miami Beach cardiologist and Jaya Zebede, founding principal of KZ Architecture. They bought the 15,000-square-foot property in 1998 for $545,000 and built a two-story home with high ceilings, a master suite downstairs, staff quarters, a kids playroom, two-car garage, pool, covered waterfront terrace and 94 feet of deep waterfront. Jaya Zebede’s firm designed the new home, which was completed in 2000.

Bay Harbor Islands, tucked between Surfside and Bal Harbour on the east and North Miami to the west, was once home to the largest concentration of mid-century MiMo-style architecture in the country. It’s split in two islands, the west and the east. Commercial and multifamily development, which has been booming in the area, is only allowed on the east island.

Last year, the $4.85 million sale of the house at 10031 West Broadview Drive set a neighborhood record for dry lots in Bay Harbor Islands. The seller was the owner of Epicure.