Waterfront Bal Harbour home trades for $24M, setting new record

Previous record sale for Bal Harbour single-family home was $17.5M in 2013

TRD MIAMI /
Jul.July 03, 2019 01:30 PM
224 Bal Bay Drive with Dina Goldentayer and Michael Polsky

224 Bal Bay Drive with Dina Goldentayer and Michael Polsky

UPDATED, July 16, 3:34 p.m.: Invenergy CEO Michael Polsky sold a newly built mansion in Bal Harbour to a French buyer for $24 million, creating a new record sale price for single-family homes in the village.

Polsky’s 9425 Miami Real Estate LLC sold the 11,700-square-foot, eight-bedroom house at 224 Bal Bay Drive, property records show. The buyer is US PLO 224 LLC, a Delaware limited liability company. The buyer’s LLC lists a downtown Miami address tied to two French companies, Maison Menean, an organic beverage company, and S2H Communication, a Paris-based communications and public relations firm.

Polsky leads Invenergy, a Chicago-based power and energy company in North America and Europe.

Dina Goldentayer of Douglas Elliman represented the seller, while Sandra Debuire of Coldwell Banker brought the buyer. Both declined to comment on the buyer and seller’s identities.

The $24 million deal, which closed on Tuesday, beats the previous Bal Harbour record $17.5 million single-family home sale of 182 Bal Bay Drive in 2013, according to Elliman.

The mansion at 224 Bal Bay Drive hit the market for nearly $25 million in February.

Architecture firm Choeff Levy Fischman designed the modern house, while interior designer Deborah Wecselman’s Wecselman Design handled all of the interiors. It features a 50-foot infinity pool, 100 feet of water frontage and an Italian travertine stone wall that extends from the driveway to the backyard pool deck. The property also has a two-car garage, master bedroom suite with two terraces, an elevator, rooftop deck for entertaining, and a covered terrace with a firepit, ponds and outdoor dining area, according to Douglas Elliman.

Property records show Polsky’s company paid $7.5 million for the 20,100-square-foot lot in 2013.

While it is the most-expensive single-family home sale in Bal Harbour, some condo units in the high-end town, on the beachfront, have sold for more. In 2017, Chris Michael Carlos, the CEO of Atlanta-based Republic National Distributing Company, paid $25 million for a penthouse at Oceana Bal Harbour, a 28-story, 240-unit luxury condo tower at 10201 Collins Avenue.


Related Articles

arrow_forward_ios
122 Bal Bay Drive, Jerome and Debbie Falic (Credit: BILLY FARRELL/Patrick McMullan via Getty Images)

Duty Free Americas owners purchase another home in Bal Harbour

Duty Free Americas owners purchase another home in Bal Harbour
Louise Sunshine with 10225 Collins Avenue

Louise Sunshine buys oceanfront Bal Harbour condo

Louise Sunshine buys oceanfront Bal Harbour condo
Matthew Whitman Lazenby, Saks Fifth Avenue at Bal Harbour Shops (Credit: Sonya Revell)

Saks Fifth Avenue countersues Bal Harbour Shops for defamation

Saks Fifth Avenue countersues Bal Harbour Shops for defamation
148 Bal Bay Drive, Bal Harbour and Bent Philipson (Credit: Google Maps)

Healthcare mogul buys waterfront Bal Harbour home for $9M

Healthcare mogul buys waterfront Bal Harbour home for $9M
9701 Collins Avenue, Shlomo Alexander, Oren Alexander, and Boris Mendel (Credit: Eugene Gologursky/Getty Images)

Shlomy Alexander sells St. Regis Bal Harbour condo

Shlomy Alexander sells St. Regis Bal Harbour condo
Oceana Bal Harbour with Jack and Rita Barouh (Oceana Bal Harbour, the Barouhs via Europa Star)

Convicted tax evader pays $7M for Oceana Bal Harbour condo

Convicted tax evader pays $7M for Oceana Bal Harbour condo
252 Bal Bay Drive and Patrick Dovigi (Credit: Wikipedia)

Billionaire waste management mogul sells Bal Harbour mansion for $23M

Billionaire waste management mogul sells Bal Harbour mansion for $23M
84 Bal Bay Drive (Credit: Google Maps)

Developer sells Bal Harbour waterfront property for $6M

Developer sells Bal Harbour waterfront property for $6M
arrow_forward_ios

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

Loading...