The Real Deal Miami

Trust of Miami fashion college founder sells North Bay Road home for $10M

Hamptons real estate developer Niklas de la Motte bought the 25k sf waterfront house
By Keith Larsen | September 18, 2018 12:30PM

4736 North Bay Road

A North Bay Road waterfront home that once hosted fashion icons Emilio Pucci, Gloria Vanderbilt and Mary McFadden just sold for $10 million.

The trust of the late Sir Edward Porter sold a 8,473-square-foot home at 4736 North Bay Road in Miami Beach to Hamptons real estate developer Niklas de la Motte.

The Miami Beach home was owned by Porter and his wife Lady Anna Lee Porter, who co-founded the Miami International Fine Arts College on Bayshore Drive, which is now known as Miami International University of Art and Design, according to the Miami Herald. Emilio Pucci, Gloria Vanderbilt and Mary McFadden were regular guests at the of the Porters, the Herald reported. Edward Porter passed away in March 2017 at age 96.

De la Motte, who is the co-founder of a development company focusing on high-end homes in the Hamptons, bought the 25,410-square-foot property for $394 per square foot.

The nine-bedroom, 11-and-three-and-a-half bathroom house was originally built in 1924. The home was listed for $12.9 million in December 2017. The buyer and the seller were represented by Dora Puig of Luxe Living Realty.

De la Motte runs de la Motte | Schult and was raised between Paris and London and graduated from Harvard University. He previously owned and ran a hedge fund in Manhattan, according to Hamptonsrealestate.com.

North Bay Road is home to a number of celebrities and prominent real estate figures including Michael Stern, Dwyane Wade, Chris Bosh, Phil Collins and Barry Sternlicht.