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

Seller paid $13M for the home in 2019

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.

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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.