Waterfront residential lot in Miami Beach’s Altos del Mar sells for $5.55M

Brokers say property is Miami Beach's only single-family residential lot directly on the sand

Miami /
May.May 22, 2017 04:45 PM

UPDATED May 24, 3:25 p.m.: A waterfront lot in Miami Beach’s Altos del Mar just sold for $5.5 million.

The 16,750-square-foot lot at 7845 Atlantic Way sold for $331 per square foot, The Jills announced on Monday.

Felise Eber of Coldwell Banker’s The Jills represented the seller and Jill Eber represented the buyer. Records show the seller is Mary M. Michel, who purchased the property for $735,000 in 1997. The latest sale has not yet cleared records, so the buyer is unknown.

The property borders 50 feet of oceanfront and is Miami Beach’s only single-family residential lot that is directly on the sand, the Jills said in a press release.

Architect Ramon Pacheco offered plans to the buyer to build a possible five-bedroom home on the land that lies next to the North Shore Open Space Park, according to the release.

The Jills’ Jill Hertzberg and Jill Eber listed the Waterfront Coconut Grove estate at 3080 Monroe Drive for $28 million last month.  — Grace Guarnieri


Related Articles

arrow_forward_ios
Phil Gutman with Bess Freedman and Mark Zilbert (Linkedin, Freedman by Studio Scrivo)
Phil Gutman leaves Brown Harris Stevens Miami
Phil Gutman leaves Brown Harris Stevens Miami
Peter Thiel with 445 to 441 East Rivo Alto Drive (Getty)
PayPal co-founder Peter Thiel revealed as buyer of Miami Beach mansions
PayPal co-founder Peter Thiel revealed as buyer of Miami Beach mansions
Ophir Sternberg with the Ritz-Carlton Residences, Miami Beach and the land for the villas (Lionheart Capital)
GFI buys land for second phase of Ritz-Carlton Residences Miami Beach
GFI buys land for second phase of Ritz-Carlton Residences Miami Beach
(iStock)
South Florida resi sales jump in Q4: Elliman
South Florida resi sales jump in Q4: Elliman
Richard Bressler and Lisa Gersh with 1425 West 25th Street, Miami Beach (Getty, Google Maps)
Media titans buy Sunset Islands home for $5M
Media titans buy Sunset Islands home for $5M
Ruthie and Ethan Assouline lead Compass’ Assouline Team. (The Assouline Team, iStock)
Compass’ Assouline Team expands to Miami Beach
Compass’ Assouline Team expands to Miami Beach
Images of Arte, Ritz-Carlton Residences Miami Beach, Ritz-Carlton Residences Miami Beach and One Thousand Museum (One Thousand Museum via One Sotheby's)
Buyers shift to condos as waterfront single-family luxury inventory dwindles in South Florida
Buyers shift to condos as waterfront single-family luxury inventory dwindles in South Florida
Chris Bosh and his North Bay Road home, 6396 North Bay Road (Getty, One Sotheby’s International Realty)
Chris Bosh sells waterfront Miami Beach mansion for $15M
Chris Bosh sells waterfront Miami Beach mansion for $15M
arrow_forward_ios

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

Loading...