Eastern Real Estate co-founder pays $18M for waterfront North Bay Road home

Buyer plans to expand the estate

Miami /
Apr.April 12, 2021 04:30 PM
The home will be developed by Andres Isaias-led Andian Group and Alejandro Diaz Bazan of Coldwell Banker’s The Jills Zeder Group. (Bazan, Jills Zeder)

The home will be developed by Andres Isaias-led Andian Group and Alejandro Diaz Bazan of Coldwell Banker’s The Jills Zeder Group. (Bazan, Jills Zeder)

A principal at a commercial real estate company paid $18.3 million for a waterfront home on North Bay Road in Miami Beach, The Real Deal has learned.

Estefano Isaias sold the house at 2324 North Bay Road to 2324 N Bay LLC, which is led by Daniel J. Doherty III, principal and co-founder of Eastern Real Estate, a commercial real estate firm based in Boston and Santa Barbara.

Doherty’s company handles capital investment, real estate development and asset management, according to its website.

Andian Group, led by Andres Isaias and Alejandro Diaz Bazan, will build an addition to the property, bringing the 7,574-square-foot home to nearly 10,000 square feet, Diaz Bazan said. The city’s design review board approved plans designed by architect Ralph Choeff. Construction is expected to begin this month.

Marko Gojanovic

Marko Gojanovic

Diaz Bazan, an agent with Coldwell Banker’s The Jills Zeder Group, represented the seller, and Marko Gojanovic of One Sotheby’s International Realty represented the buyer.

The five-bedroom, six-bathroom house, built in 2015, hit the market in 2017 for nearly $17 million and again in 2018 for $15 million. The property last sold in 2010 for $3.5 million.

Earlier this year, Andian Group sold the spec mansion at 3080 North Bay Road for $23.7 million.

In March, the waterfront teardown at 5226 North Bay Road sold for $8.3 million and spec home developer Todd Michael Glaser bought the waterfront home at 4640 North Bay Road for $5 million.





    Related Articles

    arrow_forward_ios
    James Vosotas and Branden Muhl with Hotel Greystone in Miami Beach (Trip advisor, Trans Inns Management, Mahaska)
    Miami-Dade judge tosses out Hotel Greystone lawsuit
    Miami-Dade judge tosses out Hotel Greystone lawsuit
    The Bay Harbor Islands house at 10055 West Broadview Drive (One Sotheby’s International Realty)
    Capstone honcho pays record $7M for non-waterfront Bay Harbor Islands house
    Capstone honcho pays record $7M for non-waterfront Bay Harbor Islands house
    Oceana Bal Harbour at 10201 Collins Avenue Bal Harbour (Condo.com, compass)
    Oceana Bal Harbour closing tops weekly condo sales in Miami-Dade
    Oceana Bal Harbour closing tops weekly condo sales in Miami-Dade
    Billionaire founder of LoanDepot adds to South Florida resi portfolio
    Billionaire founder of LoanDepot adds to South Florida resi portfolio
    Billionaire founder of LoanDepot adds to South Florida resi portfolio
    Shane Caiazzo, co-founder and co-CEO, CFGI, in front of 100 Ebbtide Drive in North Palm Beach (CFGI, Lux Hunters)
    Financial advisory CEO pays $9M for waterfront North Palm Beach home featured in “Mansion Quest” show
    Financial advisory CEO pays $9M for waterfront North Palm Beach home featured in “Mansion Quest” show
    (iStock/Illustration by Kevin Rebong for The Real Deal)
    December residential sales fall in Broward and Palm Beach counties, rise in Miami-Dade
    December residential sales fall in Broward and Palm Beach counties, rise in Miami-Dade
    The Deauville Beach Resort at 6701 Collins Avenue (Google Maps, Office of the City Manager)
    Miami Beach orders historic oceanfront Deauville resort to be demolished
    Miami Beach orders historic oceanfront Deauville resort to be demolished
    Daniel Kordash in front of 444 Royal Plaza Dr in Fort Lauderdale (Getty Images, Realtor.com)
    New York investment honcho flips waterfront Fort Lauderdale home for $8M
    New York investment honcho flips waterfront Fort Lauderdale home for $8M
    arrow_forward_ios

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

    Loading...