Bay Harbor Islands waterfront spec mansion sells for $12M, setting record

Seller’s agent Nelson Gonzalez said buyer signed the contract after seeing it on a Facetime video

Miami /
Dec.December 29, 2020 05:30 PM
9540 West Broadview Drive (Luxhunters Production)

9540 West Broadview Drive (Luxhunters Production)

In a virtual sale, an investment manager paid $11.5 million for a waterfront spec mansion in Bay Harbor Islands, setting a record price for the town.

Bay Harbor Project LLC sold the house at 9540 West Broadview Drive to Casa “J” LLC, led by Michele and Drew Figdor, records show. Drew Figdor is the portfolio manager at New York-based TIG Advisors.

Nelson Gonzalez

Nelson Gonzalez

The seller is tied to Miami-based Gamma Construction, said Nelson Gonzalez of Berkshire Hathaway HomeServices EWM Realty, who represented the seller. Eloy Carmenate and Mick Duchon of Douglas Elliman represented the buyers.

Gonzalez said it was his first virtual sale. He showed the house to the buyer through a Facetime video, and it went into contract before the buyers ever saw it in person. He said it is the highest sale price ever in Bay Harbor Islands history.

The 8,500-square-foot mansion has six bedrooms, seven bathrooms, one-half bath, a sauna and two kitchens. It has 80 feet of waterfront, according to the listing. CB Design handled the interior design, according to Gonzalez.

Gamma Construction is also building a spec home next door that is not yet on the market, Gonzalez said.

“I believe in Bay Harbor because everything is moving in that direction, prices are going to go a lot higher there,” he said.

Among other recent sales in Bay Harbor Islands, the former chairman and CEO of Moët Hennessy sold his waterfront home — with a wine cellar — at 9440 West Broadview Drive for $8.1 million in October.

In nearby Bal Harbour, the co-owners of Duty Free Americas, a chain of airport and border town stores, purchased a waterfront home for $5.5 million in September, adding to their collection. Also in September, real estate development sales and marketing expert Louise Sunshine paid $3 million for an oceanfront condo at Bellini.





    Related Articles

    arrow_forward_ios
    Bruce Percelay with 261 Nightingale Trail (LinkedIn, Google Maps, Getty Images)
    Goldman Sachs rainmaker drops $16M on Palm Beach spec house
    Goldman Sachs rainmaker drops $16M on Palm Beach spec house
    Todd Michael Glaser and Nelson Gonzalez with 31 La Gorce Circle (Sonya Revell, Nelson Gonzalez)
    Glaser, partners buy non-waterfront La Gorce teardown for $8M
    Glaser, partners buy non-waterfront La Gorce teardown for $8M
    Mitchell Cohen with 9881 East Bay Harbor Drive and at 291 East Bay Harbor Drive (Toronto Real Estate Family Office Meetings, Google Maps, Getty)
    Canadian investors drop $22.5M on Bay Harbor Islands apartments
    Canadian investors drop $22.5M on Bay Harbor Islands apartments
    Bay Harbor Islands, Miami-Dade County, CMC Group, Morabito Properties, Terra, Alta Developers
    Here are the resi projects planned for Bay Harbor Islands
    Here are the resi projects planned for Bay Harbor Islands
    Don Peebles, in partnership with former Miami Beach Mayor Philip Levine and developer Scott Robins, wants to build a six-story office and apartment building on a city-owned parking lot (Rendering courtesy of 1664 Meridian Ave General Partner LLC)
    Miami vs NYC: A developer’s guide
    Miami vs NYC: A developer’s guide
    From left: Jonathan Leifer and Ari Pearl with Bay Harbor Towers
    Ari Pearl JV pays $32M for Bay Harbor Islands condo complex
    Ari Pearl JV pays $32M for Bay Harbor Islands condo complex
    Sabal Development's Pascal Nicolai with 79 Hibiscus Drive (Sabal Development)
    Sabal Development sells waterfront Hibiscus Island spec home for $16M
    Sabal Development sells waterfront Hibiscus Island spec home for $16M
    Douglas Elliman CEO Jay Parker with a rendering of Clara Bay Harbor and Chetrit Group’s project in the Miami River district (right) (Clara Homes, Douglas Elliman)
    Elliman’s new development rental arm expands into South Florida
    Elliman’s new development rental arm expands into South Florida
    arrow_forward_ios

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

    Loading...