New Construction Home in Miami's Bay Point Neighborhood Sells For Record-Setting $27.25 Million

Casa Moderne, a newly completed waterfront residence at 790 Lake Road in Miami's exclusive Bay Point neighborhood, has sold for a record $27.25 million. The transaction establishes a new record-setting canal-front price per square foot in Bay Point at $4,284 per square foot, reflecting not only the continued demand for luxury waterfront real estate in Miami, but also how the luxury buyer relocating to the area today is fundamentally different from the buyer from a decade ago. Today’s buyers are not looking for a project—they are looking for certainty. They want exceptional architecture, thoughtful design and a home they can enjoy immediately as their most valuable currency is time.

The transaction was overseen by Ana Teresa Rodriguez, founder and CEO of ATR Luxury Homes Group at Coldwell Banker Realty who listed the property. The buyer was represented by Cyril Matz with Douglas Elliman.

Offered fully furnished, the six-bedroom Casa Moderne includes seven full bathrooms and one powder room and spans 6,361 square feet on a 13,532-square-foot waterfront lot. The move-in ready residence features Bay Point's only grandfathered rooftop terrace with panoramic 360-degree views of Biscayne Bay and the Miami skyline, along with custom millwork, a private dock, an infinity-edge pool with spa, chef's kitchen, elevator, air-conditioned garage and designer furnishings by Minotti and Fendi.

The sale is a testament to a significant appreciation in the property's value over time. Originally acquired in 1976 for approximately $125,000, the property was purchased in 2012 by Adonel Concrete CEO Luis García for $1.9 million as his personal residence. In 2016, García offered the property for sale either as an existing residence for $9.98 million or as a redevelopment opportunity with approved plans for approximately $15 million.

After reassessing the long-term potential of the site, García decided to take the listing off the market, demolish the existing home and pursue a full ground-up redevelopment. The new home was envisioned and creatively directed by ATR Concepts, a division of ATR Luxury Homes Group.

Today, the sale of Casa Moderne for $27.25 million underscores the considerable increase in value of premier waterfront real estate in Miami due to the continued migration of wealth to South Florida following COVID and the impact of Florida’s tax advantages. It is also an indication of the strength of Miami's ultra-luxury residential market, where turnkey waterfront properties attract strong buyer demand.

Located in the gated Bay Point neighborhood, Casa Moderne sits on a private waterfront cul-de-sac just moments from Biscayne Bay and offers convenient access to the Miami Design District, Wynwood, Edgewater, Brickell, Miami Beach, Miami International Airport and several of Miami's top private schools. Bay Point, one of Miami’s best-kept secrets, quietly offers something incredibly rare: a private community of approximately 250 homes, owned and operated by its homeowners, with exceptional security, privacy, and one of the most central waterfront locations in the city.

“What was once considered an undervalued hidden gem has evolved into one of South Florida's most sought-after luxury communities,” said Rodriguez. “Buyers today increasingly recognize what longtime residents and investors understood years ago. Bay Point offers an extraordinary combination of exclusivity, privacy, security and accessibility. It now belongs in the same conversation as South Florida’s most exclusive private enclaves.”

“I believed in Bay Point long before it became one of Miami’s most sought-after luxury communities,” said García. “What attracted me from the beginning was its privacy, security, waterfront lifestyle, and central location. I always felt the market would eventually recognize what made this neighborhood so special.”

Images via Unihouse Production

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North Bay Road Lot With 150' Of Waterfront Trades For $22.85 Million

One of the largest waterfront parcels in the prestigious estate section on Miami Beach’s North Bay Road just sold for $22,850,000 in a landmark transaction. Located at 5840 North Bay Road in Miami Beach, the vacant waterfront lot offers 150’ of unobstructed bayfront views, direct Miami skyline views, and a potential for a multi-structure legacy estate of up to 13,587 SF. Per public record the seller was Land Trust Services Corp TRS Trust NO 5840NBR. Cyril Matz with Douglas Elliman represented the buyer and Zachary Vichinsky with Bespoke Real Estate & Jill Hertzberg at Coldwell Banker Realty had the listing.

Image via Become Legendary

Barneys-Branded North Bay Road Estate Designed By Kobi Karp Sells For $40 Million In Off-Market Sale

A Barneys-branded waterfront residence designed by Kobi Karp on North Bay Road has sold for $40 Million in an off market deal. The seller and developer of the Barneys-branded estate is the Salter family which heads up brand-management company Authentic Brands Group, behind names like Reebok, Juicy Couture and David Beckham. Cyril Matz of Douglas Elliman represented the seller. The buyer, per public record, is consumer goods multimillionaire Anand Khubani, founder and CEO of Ideavillage Products, who made South Florida real estate headlines last year for a $100 million purchase of a La Gorce Island assemblage. The buyer worked with Evan Weiss of 305 Degrees Realty.

The custom home is a stunning showcase of Authentic Luxury Group’s yet-to-be-revealed Barneys New York Home Collection that will launch later this year. With interiors by Slim Keskes, creative director of Barneys Home, the masterfully curated waterfront residence features architecture by Kobi Karp and is nestled on a 30,800 SF lot with 100 feet of water frontage.

“This property was built as a custom home, not a spec home, so the materials and finishes were done at the highest possible level. They did not cut any corners,” said Cyril Matz of Douglas Elliman, who represented the seller. “Inventory is extremely limited on North Bay Road and this was the only home available of this caliber that was brand new construction, turnkey and had never been lived in. North Bay Road is one of the most in-demand addresses in Miami Beach because of its location, large estate size properties, incredible waterfront views and the high-profile neighbors.”

Showcasing 14,520 SF of interiors, the home features 6 bedrooms plus 2 staff rooms, a home office, movie theatre, full wellness center equipped with spa, sauna, steam, cold plunge and hot bath, a wine room, game room and rooftop accessible by elevator. The expansive outdoor areas feature 2 pools, one facing the water and another one facing east on the second floor. The home was fully finished with the highest quality materials and design, and sold completely furnished and accessorized.

Images via Kobi Karp for exteriors / Slim Keskes for interiors

One Thousand Museum Developer Gregg Covin Sells Spec Home For $12.5 Million On Allison Island

Gregg Covin, one of the developers behind One Thousand Museum and Ten Museum Park, has sold a spec home he built at 6493 Allison Road on Allison Island for $12.5 million to an undisclosed buyer. Cyril Matz with Douglas Elliman and Chad Carroll with Compass represented the seller and Dina Goldentayer with Douglas Elliman represented the buyer. The house has over 75 feet of water frontage, is built in a contemporary design and completely furnished by Artefacto.

6493 Allison Road is 7,250 sq.ft and features 7 beds and 7 bathrooms with an open living area. What makes this home unique is the rooftop terrace with spectacular views of the water. The master bedroom has oversized closets with a private terrace and sitting area. The home also features a 3 car garage and private courtyard entrance.

Check Out Kobi Karp's Newly Listed Waterfront Home On Allison Island Asking $7.999 Million

Kobi Karp and Nancy Karp, leaders of one of South Florida’s most prolific architecture firms, Kobi Karp Architecture & Interior Design, have listed their Allison Island home for $7,999,000 with Dina Goldentayer and Cyril Matz of Douglas Elliman.

Located at 6530 Allison Island, Karp’s property features lush landscaping and floor to ceiling glass along the back of the house, providing waterfront views amongst the feeling of a private oasis. The home offers 4 bedrooms and 4 baths, spanning nearly 5,000 SF on a 21,600 SF lot. The living areas give the sensation of open air and sea breeze, great for both enjoyment and entertaining. The property is west-facing offering sunshine by the pool all afternoon long as well as 100' of water frontage. Views of La Gorce and the Indian Creek Waterway allows for instant bay access, making this an ideal property for indulging in water-sports. There is room to grow and a lot of greenery to take in at this Private Pad on Allison Island. The home comes with designs by Mr. Karp himself if the buyer wants to build new construction, the renderings feature an ultra-modern, 10,000 SF, site-specific new home for the property. It features glass walls, several terraces and ample outdoor space surrounding the pool.

Kobi Karp, one of South Florida's most prolific architects who is founder and principal of Kobi Karp Architecture & Interior Design, has been providing unique, creative and innovative design solutions to renowned clients internationally and domestically in Hospitality, Retail and high-rise Residential developments. To date, Kobi Karp Architecture and Interior Design has designed over $36 billion in mixed-use Commercial, Residential and Multifamily properties worldwide from the Caribbean, to the Far East, to the Black Sea region, throughout the Gulf and the Middle East.

6530 Allison Island, Miami Beach is currently listed for $7,999,000 with Dina Goldentayer & Cyril Matz of Douglas Elliman.

Images via Douglas Elliman

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Check Out This Recently Listed Uber-Lux Home Designed By CLF Architects Asking $18.9 Million

Allison Island is home to some of the nicest waterfront estates in Miami Beach, nestled equidistant between Bal Harbour and Sunset Harbor. The new construction elegant estate sits on half an acre of primely positioned Miami Beach property on a gated island home to just 49 waterfront houses. Located at 6585 Allison Road, the home was developed by Alfredo Borges and was designed by CLF Architects. At over 10,000 SF with 6 bedrooms, office, gym, yoga room, bar and theatre all the boxes are checked to entertain or sit back and relax. The home includes an elevator, 3 car garage, the finest finishes including beautiful limestone and wood floors throughout and generator. Upon entry, guests are greeted by a custom 6’ by 12’ solid walnut pivot door from Spain opening to a floating open riser staircase with faced with stone and intersected by a wood wall. Guests will also marvel at the 25’ ceilings and American Walnut Louvers that add distinction.

Situated in its own wing, the master suite features an adjacent art lounge and sitting area, a private Terrace, dual closets, Dornbracht fixtures, steam shower, book-matched porcelain slabs floor to ceiling, absolute blanc counters and oak custom vanities. The master suite’s private balcony offers incredible Eastern water views.

The exterior features a natural concrete and shell stone façade with bronze aluminum frames. The lot offers parking for up to 10 cars and a 3 car garage. The property is surrounded by reflecting ponds throughout with lush landscaping. An entertainers paradise, the backyard comes equipped with a 44’ long wet edge pool that extends to a private cabana with a limestone pool dock surrounded by grass topped off with a cabana bath and a brand new dock and sea wall for yacht lovers. The entire property is surrounded by a top-of-the-line security system with 12 cameras, automated gate entry and located on a secured gated neighborhood in Miami Beach.

Artistry on Allison Island, located at 6585 Allison Road, is currently listed for $18,900,000 by Dina Goldentayer and Cyril Matz of Douglas Elliman. Dina Goldentayer can be reached at 786-277-7539 or Dina.Goldentayer@elliman.com.

For more information about 6585 Allison Road, private showings or purchasing/ leasing information please fill out the form below: