Kobi Karp pays $8.5M for another home on Miami Beach’s North Bay Road

The couple bought the 6,574sf house for $1,292 psf

TRD MIAMI /
Jul.July 22, 2019 05:30 PM
Kobi Karp, 4750 North Bay Road

Kobi Karp, 4750 North Bay Road

Miami star architect Kobi Karp and his wife Nancy paid $8.5 million to buy another waterfront home on Miami Beach’s North Bay Road.

The couple bought a 6,574-square-foot house at 4750 North Bay Road for $1,292 per square foot, records show. The seller is tied to Romita Shetty, a principal with New York-based DA Capital, which focuses on structured credit and private investments.

The couple previously bought a home at 5328 North Bay Road for $6.55 million in February 2016, records show.

It is unclear what the Karps plan to do with their latest purchase.

The bayfront house has six bedrooms and six bathrooms. It was built in 1932 and sits on a 20,000-square-foot lot. It was last purchased for $10.5 million in 2014, records show.

Dora Puig of Luxe Living Realty represented the buyer and the seller in the transaction.

Kobi Karp leads Kobi Karp Architecture & Interior Design and has designed many high-profile buildings in the Miami area. Karp’s projects include the luxury condo developments Palazzo Del Sol and Palazzo Della Luna in Fisher Island, Four Seasons Hotel & Residences at the Surf Club in Surfside, and the 1 Hotel & Homes in Miami Beach.

In addition to their homes on North Bay Road, Karp and his wife also own properties on Allison Island and Sunset Island III in Miami Beach, records show. A new home is under construction on the Sunset Island site, Nancy Karp said.

Other high-profile homeowners on North Bay Road include JDS Development’s Michael Stern, singer-songwriter Phil Collins, and basketball stars Chris Bosh and Dwyane Wade.

Yext founder and CEO Howard Lerman paid $17 million in February for a 10,665-square-foot spec mansion at 6010 North Bay Road.


Related Articles

arrow_forward_ios
A rendering of the monorail

Miami-Dade approves interim contract for monorail to Miami Beach

Miami-Dade approves interim contract for monorail to Miami Beach
Lord Balfour Hotel

Mezz lender forecloses on Ocean Drive hotel in South Beach

Mezz lender forecloses on Ocean Drive hotel in South Beach
Oceanside Fisher Island and a map of condo sales (Credit: Google Maps)

Weekly condo sales volume in Miami drops below $40M

Weekly condo sales volume in Miami drops below $40M
121 N Hibiscus Drive (Realtor)

Waterfront Hibiscus Island mansion sells for $8M

Waterfront Hibiscus Island mansion sells for $8M
Eighty Seven Park (iStock)

Eighty Seven Park’s priciest penthouse sells for $37M

Eighty Seven Park’s priciest penthouse sells for $37M
Jeffrey Soffer and Fontainebleau Miami Beach (Getty)

Fontainebleau Miami Beach’s $1B loan exits special servicing

Fontainebleau Miami Beach’s $1B loan exits special servicing
Developer Camilo Miguel Jr. and renderings of the project

Mast Capital wins initial approval for shorter Mid-Miami Beach condo project

Mast Capital wins initial approval for shorter Mid-Miami Beach condo project
Len Blavatnik, Vlad Doronin and a rendering of the project (Credit: Mike Coppola/FilmMagic via Getty Images)

Miami Beach approves zoning change allowing for Aman tower

Miami Beach approves zoning change allowing for Aman tower
arrow_forward_ios

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

Loading...