Sandwich master sells Miami Beach home to Burger King exec for $5.5M

The home traded for $1.4M less or a 20% discount off it's asking price

TRD MIAMI /
Aug.August 03, 2017 05:00 PM

2018 North Bay Road Inset: Eric Hirschhorn

A South Florida sandwich master just sold his Miami Beach waterfront home to Burger King executive Eric Hirschhorn for $5.5 million, property records show.

Olivier Farrat, owner of the popular La Sandwicherie, with two locations in Miami and South Beach, and Xavier Paulhac sold their 5,146-square-foot, waterfront home at 2018 North Bay Road for about $1,069 per square foot. Records show both Farrat and Paulhac sold the home under trusts in their name. They bought the property in 2000 for $700,000, records show.

One Sotheby’s International Realty’s Albert Justo represented the seller. Mirce Curkoski, also of One Sotheby’s International Realty, brought the buyers, according to Redfin.

Property records show the five-bedroom, five-and-half bathroom home sits on a little more than 14,000 square feet. Among the home’s features are a three-car garage, marble and wood floors, balcony, pool and 100 feet of water frontage.

The home, built in 1938, has been on and off the market since February of last year with an asking price of $6.9 million, according to Redfin. It traded for $1.4 million lesss or a 20 percent discount off it’s asking price, which is increasingly common as luxury home sellers adjust to the slowing market in South Florida.

In June, developer Peter Fine cut the asking price of a waterfront spec home at 6446 North Bay Road by 11.6 percent to $26.95 million.

Down the street, the luxury spec home of Chicken Kitchen founder Christian de Berdouare at 5004 North Bay Road is also on the market. The home was listed in 2014 with an asking price of $35.9 million. A little more than two years later, the home remains for sale.


Related Articles

arrow_forward_ios
Julian Cohen and a rendering of the project

Felix and Julian Cohen propose waterfront spec mansion on North Bay Road

4424 North Bay Road, and from right: Neil and Jennifer Sazant, Lindsay McMinn and Karen Stauber (Credit: Getty Images)

Waterfront lot on North Bay Road sells for $7M

From left: Andrea and Renzo Rosso

Diesel family dishes on Wynwood condo project

Julian Johnston, Julian Cohen and the property

Spec home developer Felix Cohen buys two vacant lots on North Bay Road for $14M

5712 North Bay Road and Rodney O’Neal (Credit: Realtor and Getty Images)

Spec home builders sell North Bay Road mansion for $16M

From left: Dion Waiters, James Johnson, Erik Spoelstra, Dwayne Wade, LeBron James, Chris Bosh and Hassan Whiteside (Credit: Getty Images, iStock, Wikipedia Commons)

Heat Map: Here are the homes of Miami Heat’s elite

Dwyane Wade, Gabrielle Union and the North Bay Road home (Credit: Getty Images, Lux Hunters)

One last sale? Dwyane Wade lists Miami Beach estate for $33M

Daily Digest Miami

Keith Menin snags a home on North Bay Road, Brickell Flatiron commercial space buyer seeks court-ordered discount: Daily digest

arrow_forward_ios
Loading...