North Bay Road mansion sells for $25M, nearly double its purchase price two years ago

Seller paid $13M for the home in 2019

Miami /
Jun.June 16, 2021 01:30 PM
4412 North Bay Road

4412 North Bay Road

A waterfront mansion on Miami Beach’s North Bay Road sold for $25 million, nearly double its purchase price two years ago.

Records show Kahan & Kligler P.A., as trustee of The 4412 North Bay Road Land Trust, sold the house at 4412 North Bay Road to TFT4412 Nbay LLC, a Delaware corporation. The selling entity is led by David Kahan, an attorney in Boca Raton.

The land trust bought the 9,991-square-foot house in 2019 for $13 million. It was listed in April of this year, asking $25 million.

Jill Hertzberg of Coldwell Banker Realty’s Jills Zeder Group represented the seller, while Farid Moussallem of Compass represented the buyer.

Property records show the house has eight bedrooms, seven full bathrooms and two half-bathrooms. The 16,362-property also includes a pool and a dock, according to the listing. The two-story mansion was built in 2010.

Miami Beach’s famous North Bay Road has seen the likes of Jennifer Lopez and Ben Affleck, who recently rented a waterfront mansion at 2700 North Bay Road listed for $130,000 a month; and Dwyane Wade and Gabrielle Union, who sold their waterfront home at 5980 North Bay Road this month for $22 million.

Very close to the house that just sold, a waterfront home at 4380 North Bay Road sold for $13.8 million; the founder of a payment processing company bought the mansion at 4580 North Bay Road with an adjacent lot for $37 million; and model Cindy Crawford and her husband Rande Gerber bought the house at 4404 North Bay Road for $10 million.






    Related Articles

    arrow_forward_ios
    The $24.5 million Boca Raton mansion (Coldwell Banker via Compass)
    AutoLenders CEO buys waterfront Boca Raton estate for record $25M
    AutoLenders CEO buys waterfront Boca Raton estate for record $25M
    Alec Scheiner, former Cleveland Browns president, with 249 Sandpiper Drive in Palm Beach (RedBird Capital, Sotheby's International Realty)
    Ex-Cleveland Browns president scores Palm Beach home
    Ex-Cleveland Browns president scores Palm Beach home
    Eighty Seven Park next to the collapsed Champlain Towers South (Getty)
    Condo tower Eighty Seven Park, Collins Avenue still closed amid concerns of possible street collapse
    Condo tower Eighty Seven Park, Collins Avenue still closed amid concerns of possible street collapse
    Ronny Finvarb with the proposed hotel (GEK Architecture)
    Sunset Harbour’s new zoning district bans Ronny Finvarb’s planned hotel, allows taller offices
    Sunset Harbour’s new zoning district bans Ronny Finvarb’s planned hotel, allows taller offices
    (Pacheco-Martinez & Associates)
    $65M sale of waterfront Coconut Grove spec mansion sets new record in Miami-Dade: sources
    $65M sale of waterfront Coconut Grove spec mansion sets new record in Miami-Dade: sources
    DataDirect Networks President Paul Bloch, Oceanfirst Realty principal Eddy Chabli and renderings of the house Bloch plans to build (DDN, Kobi Karp Architecture)
    Tech mogul Paul Bloch buys waterfront Miami Beach lot, plans mansion
    Tech mogul Paul Bloch buys waterfront Miami Beach lot, plans mansion
    800 Lincoln Road building and Restaurateur Gregory Galy (Tricap, LinkedIn)
    Mila restaurant to add entertainment venue on Lincoln Road
    Mila restaurant to add entertainment venue on Lincoln Road
    David Grutman and Pharrell’s Goodtime Hotel had received nearly 30 noise violations (Carma Connected, Getty)
    Too much of a good time? David Grutman and Pharrell’s Goodtime Hotel could lose entertainment permit
    Too much of a good time? David Grutman and Pharrell’s Goodtime Hotel could lose entertainment permit
    arrow_forward_ios

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

    Loading...