Harari’s AquaBlue Pays $18M for Waterfront Miami Beach Lot

Spec developer Philippe Harari’s AquaBlue Group paid $17.5 million for a waterfront lot in Miami Beach, adding to a string of recent sales on North Bay Road.

Property records show 6300 NBR LLC sold the 0.6-acre lot at 6300 North Bay Road to an affiliate of AquaBlue. The latest sale marks a loss of about $4.5 million. The seller, a company managed by attorney Brian Bilzin, paid $22 million for the property in 2022.

Mick Duchon and Eloy Carmenate at the Corcoran Group represented the seller in the off-market deal.

Harari wrote via text that he plans to develop a “beautiful home,” but declined to share more details.

Last summer, his Miami Beach-based AquaBlue sold a waterfront spec mansion on Miami Beach’s La Gorce Island to a hidden buyer for $62.5 million. The 12,800-square-foot mansion, with seven bedrooms, 10 bathrooms and three half-bathrooms, was designed by Choeff Levy Fischman Architecture + Design.

Ultra-luxury home sales have increased in Miami Beach in recent weeks, including on North Bay Road.

In February, a longtime Miami Beach resident sold her waterfront home, likely a teardown, at 5060 North Bay Road for $25.5 million. Also last month, developer Todd Glaser went into contract to purchase Sonny Kahn’s 2.3-acre waterfront estate at 5940 North Bay Road for $105 million. Glaser plans to either flip the compound for more than $150 million or build a spec mansion asking $250 million.
The biggest recent trade was on Miami Beach’s Star Island, where billionaire developer Vlad Doronin sold his waterfront estate for $120 million, setting a new record for home sales in Miami-Dade County.