Real estate honcho buys waterfront North Bay Road home for $9M

The house sold for $1,425 psf

Miami /
Jul.July 29, 2020 02:30 PM
6380 North Bay Road with Richard and Barbara Lane (Urdapilletta Real Estate, A Scott/Patrick McMullan/Getty)

6380 North Bay Road with Richard and Barbara Lane (Urdapilletta Real Estate, A Scott/Patrick McMullan/Getty)

UPDATED, July 30, 4:15 p.m.: A New York real estate honcho bought a waterfront home on Miami Beach’s North Bay Road for $9 million.

Richard and Barbara Lane bought the 6,314-square-foot house at 6380 North Bay Road for $1,425 per square foot, records show. Giro Investments, led by Nora Kohen and Alfredo Ghirardo of Coral Gables, sold the property.

Dolores Urdapilleta with Urdapilleta Real Estate, LLC had the listing, according to Realtor.com. Simone Weissman of The Nancy Batchelor Team at Berkshire Hathaway HomeServices EWM Realty represented the buyer.

The house was listed in January 2019 for $11.3 million, according to Realtor.com.

It last sold for $5.6 million in 2008, records show. The one-story house has four bedrooms and four-and-a-half baths.

Built in 1951, the remodeled home sits on a 27,013-square-foot lot and has 113 feet of water frontage. Amenities include a pool and cabana with a bathroom and kitchenette.

Richard Lane is chairman emeritus of New York-based real estate firm Olnick Organization and is also on the board of trustees for American Federation of the Arts, according to the organization’s website.

Olnick Organization owns thousands of rental apartments in the tri-state area. Family patriarch Robert Olnick founded the company in 1946 as a developer of housing in the Riverdale section of the Bronx. In 1952, the company built the 1,700-unit Lenox Terrace complex in Harlem.

North Bay Road is a popular destination for high-end home buyers. Earlier this month, David Deshe, co-founder and president of Vero Water, purchased a lot at 4350 North Bay Road for $8.5 million.

In March, the house at 5242 North Bay Road sold for $7 million. And in February, fashion executive and investor J. Christopher Burch paid $14 million for the mansion at 5050 North Bay Road.


Related Articles

arrow_forward_ios
From left: Andres Isaias and Alejandro Diaz Bazan of Andian Group (Andian Group, Thamann Architecture + Design)
Waterfront Sunset Islands home featured on “Miami Vice” sells for $14M
Waterfront Sunset Islands home featured on “Miami Vice” sells for $14M
554 Lakeview Dr, Miami Beach and Jarett Fein (Zillow, KV National)
Title insurance honcho pays $15M for restored waterfront Mid-Miami Beach house
Title insurance honcho pays $15M for restored waterfront Mid-Miami Beach house
A photo illustration of Ocean House South Beach, 125 Ocean Drive (Condo.com, iStock)
Ocean House South Beach closing tops weekly condo sales in Miami-Dade
Ocean House South Beach closing tops weekly condo sales in Miami-Dade
Ellen Hukkelhoven and 1300 Monad Terrace, penthouse F (World Medical Innovation Forum)
Flipping out: Penthouse at Michael Stern’s Miami Beach project flips for 30% more in six months
Flipping out: Penthouse at Michael Stern’s Miami Beach project flips for 30% more in six months
Star Island estate lists for $90M following Ken Griffin’s nearby $75M record purchase
Star Island estate lists for $90M following Ken Griffin’s nearby $75M record purchase
Star Island estate lists for $90M following Ken Griffin’s nearby $75M record purchase
Ximena Caminos in front of 5454 Pine Tree Drive (Getty Images, Realtor.com/Illustration by Steven Dilakian for The Real Deal)
Alan Faena’s ex sells her non-waterfront Miami Beach home for nearly $6M
Alan Faena’s ex sells her non-waterfront Miami Beach home for nearly $6M
Randy Smith (Alden Capital) and Anthony Hsieh (LoanDepot) (Zillow, ONE THOUSAND MUSEUM, Wikipedia, LoanDepot)
LoanDepot founder drops $50M on Star Island mansion, One Thousand Museum condo
LoanDepot founder drops $50M on Star Island mansion, One Thousand Museum condo
(Compass Real Estate, Zilbert, LoopNet, iStock)
Monad Terrace closing tops weekly condo sales in Miami-Dade
Monad Terrace closing tops weekly condo sales in Miami-Dade
arrow_forward_ios

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

Loading...