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

Home hit the market in 2015 at $16M, then was relisted in October at $15M

TRD 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.

Calvin Klein's Miami Beach homeCalvin Klein's Miami Beach homeCalvin Klein's Miami Beach homeCalvin Klein's Miami Beach homeCalvin Klein's Miami Beach homeCalvin Klein's Miami Beach homeCalvin Klein's Miami Beach homeCalvin Klein's Miami Beach homeCalvin Klein's Miami Beach homeCalvin Klein's Miami Beach home

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.


Related Articles

arrow_forward_ios
Mirce Curkoski, Julian Johnston, and Olesia Aliseenko, with the home (Credit: Mark Sagliocco/Getty Images, and Google Maps)

Former Miss Ukraine pays $20M for waterfront Palm Island mansion

Former Miss Ukraine pays $20M for waterfront Palm Island mansion
Rendering of the project and Rishi Kapoor

Developer Rishi Kapoor lands approval for mixed-use co-living project in South Beach

Developer Rishi Kapoor lands approval for mixed-use co-living project in South Beach
Michael Shvo and a rendering of the tower (City of Miami)

Miami Beach board again delays vote on Michael Shvo’s proposed tower near Raleigh Hotel

Miami Beach board again delays vote on Michael Shvo’s proposed tower near Raleigh Hotel
Jill Hertzberg, Dora Puig, Oren Alexander with Star Island properties

Miami Beach’s Star Island regains its luster

Miami Beach’s Star Island regains its luster
5212 North Bay Road in Miami Beach and Marcelo Claure (Getty)

SoftBank’s Marcelo Claure pays $11M for North Bay Road teardown

SoftBank’s Marcelo Claure pays $11M for North Bay Road teardown
Jon Beason, Ozuna and 3812 Park Avenue (Getty, Engel & Voelkers Coconut Grove)

Reggaeton artist Ozuna drops $5M on Coconut Grove house

Reggaeton artist Ozuna drops $5M on Coconut Grove house
34 Star Island Drive with Albert Justo, Stacy Robins and Mirce Curkoski (Redfin)

Former Star Island residents return, buy $12M waterfront home

Former Star Island residents return, buy $12M waterfront home
1510 West 25th Street, Valerio Morabito (inset) and Gianluca Vacchi (Getty, Douglas Elliman)

Italian entrepreneur and DJ pays $25M for Sunset Islands mansion

Italian entrepreneur and DJ pays $25M for Sunset Islands mansion
arrow_forward_ios

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

Loading...