A doctor sold her waterfront Miami Beach home for $18.7 million.
Records show Bertha M. Olazabal and her husband, Omar Lorenzo, sold the house at 4540 North Bay Road to NBR LLC, a Delaware corporation that links to New York law firm TFMG Associates.
Olazabal is an internal medicine specialist and Lorenzo is a neuropsychologist.
Property records show Olazabal and her former husband, Armando A. Santelices, bought the home in 1992 for $1.6 million. The two divorced in 1996 and Olazabal became the sole owner of the property in 1997.
The 5,071-square-foot house has six bedrooms and five-and-a-half bathrooms. According to property records, the home was built in 1990.
Records show it last sold for $1.6 million in 1992.
North Bay Road has been attracting many pricey sales during the pandemic. In January, billionaire hedge fund manager Dan Loeb closed on a waterfront teardown for $12 million, Phil Collins sold his waterfront estate for more than $39 million, and the estate of the late Oribe Canales sold for $3.8 million.
In November, Gabe Plotkin, the founder of investment management firm Melvin Capital Management and a major short-seller of GameStop paid $44 million for the waterfront homes at 6360 and 6342 North Bay Road, where he’s planning an expansion with a tennis court.