Calvin Klein’s North Bay Road home in Miami Beach sells for $13.15M

Miami /
Feb.February 22, 2017 10:30 AM

UPDATED Feb. 23, 9:25 a.m.: Calvin Klein has sold his waterfront North Bay Road home in Miami Beach for $13.15 million.

Klein first listed the home at 4452 North Bay Road in June of 2015 at $16 million. It was relisted in October 2016 at $15 million. The 5,800-square-foot home sits on a 16,709-square-foot lot and has 113 feet of open bay frontage. The sale price equates to $2,267 per square foot.

Douglas Elliman Executive Vice President Pablo Alfaro had the listing, and Toni Schrager of Brown Harris Stevens Avatar brought the buyer, Douglas Elliman said. The sale has not yet cleared property records, so the buyer’s identity is not yet known. Alfaro declined comment.

Schrager told The Real Deal that the new owner is from the United States, but declined to provide specifics. She said the buyer, who was referred by a friend, plans to use the home as a vacation retreat.

“The buyer got a very, very good deal,” she said. “It’s just a really special house, a really beautiful, one-of-a-kind house.”

Built in 1929, the house has five bedrooms, five bathrooms, two half-baths, a pool and two garages. Indoor and outdoor living areas total 7,966 square feet, Douglas Elliman said. Designer Axel Vervoordt selected the furnishings and antiques.

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Schrager said the home is designed “like a movie set.” She said the buyer bought the furnishings separately from the price of the home, but declined to provide the price.

Klein paid an undisclosed amount for the property in December 2005, according to Miami-Dade County property records. Before that, it sold for $1.625 in November 1999.

Klein told Page Six in May 2015 that he wouldn’t sell to “just anyone.” “It may sound crazy, but I wouldn’t sell it to just anyone. It would break my heart. I hate to use the word ‘unique,’ but I have never seen another house like it . . . I want to sell it to someone who appreciates the aesthetic,” he told Page Six.

“He found a special buyer,” Schrager told TRD, “because I think these people are going to love and cherish this house as much as he did.”

North Bay Road has been home to celebrities such as Ricky Martin and Matt Damon. Barry Gibb of the Bee Gees and basketball star Chris Bosh also have waterfront homes there.

In the past two weeks, other high-priced homes have sold in Miami Beach at reduced prices: 212 West Dilido on the Venetian Islands, listed two years ago at $36 million, sold for $22 million. And 4555 Pine Tree Drive, a spec home listed a year ago for $34 million, sold for $22.575 million.


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