Miami Beach real estate has definitely been slow over the past few years due to the recession, and now as the economy and sales are starting to pick up, sellers are taking whatever they can get. An example of this is the North Bay Road home that just sold for over $7 million less of the original asking price.
Placed on the market over three years ago, the 2046 North Bay Road property was listed at $17 million. However, the immaculately constructed home just sold for $9,750,000. Sitting on a 38,314-square-foot lot, the waterfront property has seven bedrooms, nine bathrooms, two half-baths, and a four car garage in 14,582-square-feet. Prior to this sell, there have only been a handful of other ultra-luxury homes that have sold this year. The highest selling one was Shaquille O’Neal’s home on Star Island that sold for $16 million, which was also quite a steal for the new owner.
Other waterfront sales include:
1727 W 27 Street listed at: $8.25M sold at: $6M date: 8/2009
34 Indian Creek Drive listed at: $8.9M sold at: $6M date: 9/2009
2940 North Bay Road listed at: $6.9M sold at: $4.038M date: 9/2009
1330 W 29 Street listed at: $6.9M sold at: $5.02M date: 9/2009
1400 W 28 Street listed at: $15.9M sold at: $9.5M date: 9/2009
Other luxury waterfront homes that are still on the market include:
22 Indian Creek Drive listed at: $10.95M
4949 Pinetree Drive listed at: $9.5M
Via: South Beach Real Estate Blog
