Blog Home » General » North Bay Road house under contract for $7.25M

North Bay Road house under contract for $7.25M

Priciest sale per-square-foot for older homes in neighborhood


Aerial shots of 5350 North Bay Road and listing agents Allan Kleer and Fabian Garcia-Diaz of Fortune International Realty

 

A waterfront home on exclusive North Bay Road has gone under hard contract for $7.25 million and is likely headed for the wrecking ball, The Real Deal has learned.

Located at 5350 North Bay Road in Miami Beach, the 4,431-square-foot home is being sold as part of an estate sale of the late Dr. Donald Glucksman, a surgeon for Mt. Sinai Medical Center who died late last year.

Listing agents Allan Kleer and Fabian Garcia-Diaz of Fortune International Realty told TRD that the buyer is a foreign national who is paying cash.

Garcia-Diaz said this was one of the few homes on the water along North Bay Road that falls under the $10 million price point, which could be one reason why the buyer was so eager to ink a deal for the property.

 

For Full Article click here