The Former Site of Bal Harbour Yacht Club Sells For Record $54.931 Million As Luxury Home Site

The former site of the Bal Harbour Yacht Club has sold for a county record of $54.931 million after hitting the market in March for $65 million. The transaction was overseen by Tony Imbesi of Douglas Elliman who represented the seller, and Dina Goldentayer of Douglas Elliman who represented the buyer. The 80,040 SF lot was recently converted into a residential home site by real estate investor Joseph Imbesi, who purchased the Bal Harbour Club in the 1990’s. Adam Neuman purchased another property from Imbesi on Bal Harbour Marina just last week for $44 million.

Located at 200 Bal Bay Drive, the 80,040 SF lot is where the Bal Harbour Yacht Club building, designed by Alfred Browning Parker, once stood. The property is a peninsula with 915’ of waterfront spanning three sides and also features 200’ of road frontage. It comes with 7 boat slips on the inside of the protected waterway where the buyer will have the riparian rights to build new docks or helipad. Land under water on inside of marina is privately owned so you have the ability to do something creative that extends far off of the seawall.

Imbesi purchased the shares of the Bal Harbour Club in the 1990s for $19,000,000. The Bal Harbour Club owned 5.5 acres on the beach, where Oceana Bal Harbour is now located and 10 acres on the bay, where the marina sits. The properties were owned by the proprietary members of the club and they wanted to sell so Imbesi bought all of the individual shares to gain control of the company and the assets that it owned.

For more information about homes in Bal Harbour, private showings or purchasing/ leasing information please fill out the form below:

WeWork Co-Founder Adam Neumann Buys Bal Harbour Marina Properties For $44 Million

Ousted WeWork Co-Founder Adam Neumann has acquired two home sites on the Bal Harbour Marina for $44 million. Neuman recently sold his estate in Northern California for $22.4 million and joined the influx of wealthy investors moving to South Florida. The off-market transaction was overseen by Tony Imbesi, who represented the seller, and Brett Harris of Douglas Elliman represented the buyer.

The double-lot property spans 50,000 SF and offers 360’ of waterfront with multiple boat slips. A 14,500 SF home is under construction on one lots which Neuman plans to finish.

Neuman purchased the property from real estate investor Joseph Imbesi, who also owns the former site of the Bal Harbour Yacht Club which is listed for $65 million on the tip of the Bal Harbour Marina. Imbesi purchased the shares of the Bal Harbour Club in the 1990s for $19,000,000. The Bal Harbour Club owned 5.5 acres on the beach, where Oceana Bal Harbour is now located and 10 acres on the bay, where the $65 million lot of land sits. The properties were owned by the proprietary members of the club and they wanted to sell so Imbesi bought all of the individual shares to gain control of the company and the assets that it owned.

For more information about homes in Bal Harbour, private showings or purchasing/ leasing information please fill out the form below:

Former Site Of Bal Harbour Yacht Club Hits The Market For $65 Million As Luxury Home Site

Real estate investor Joseph Imbesi has listed the former site of the Bal Harbour Yacht Club for $65 million. Imbesi purchased the shares of the Bal Harbour Club in the 1990s for $19,000,000. The Bal Harbour Club owned 5.5 acres on the beach, where Oceana Bal Harbour is now located and 10 acres on the bay, where the $65 million lot of land sits. The properties were owned by the proprietary members of the club and they wanted to sell so Imbesi bought all of the individual shares to gain control of the company and the assets that it owned.

The 80,040 square foot lot of land was never meant to be a home site when Imbesi purchased the land in the 1990s but he worked with the city for the past few years and got the entitlements to convert the property into a home site and they finally got approved. This particular lot is the most special piece of the 1990s purchase, it is where the Bal Harbour Yacht Club building, designed by Alfred Browning Parker, once stood. It took Imbesi many years of working with the city to reposition this property into the future site of what will be the most special home in South Florida.

The property is a peninsula with water on three sides and also features 200 feet of road frontage. It comes with 7 boat slips on the inside of the protected waterway where the buyer will have the riparian rights to build new docks or helipad. Land under water on inside of marina is privately owned so you have the ability to do something creative that extends far off of the seawall.

The property is now listed for $65,000,000 with Tony Imbesi of Douglas Elliman.

For more information about the home site at Bal Harbour Yacht Club, private showings or purchasing/ leasing information please fill out the form below:

Chris Carlos Lists Fully-Upgraded Oceana Bal Harbour Penthouse With Rooftop Infinity Pool For $35 Million

Chris Carlos, the son of the family-owned Republic National Distributing Co.’s, the second-largest distributor of alcoholic beverages in the U.S., has officially listed his fully-custom Oceana Bal Harbour condo for $35 million. The price makes the condo the 2nd most expensive condo listing on the market in Miami-Dade County. Carlos purchased the residence last year for $25 million before essentially gut-renovating the entire spread. The property is scheduled for completion by end of August and when complete will feature close to $6 million worth of renovations.

“Located in the nationally recognized affluent area of Bal Harbour, this penthouse is a crown jewel featuring over 9,000 SF of reimagined and exquisitely upgraded interiors," said list agent Tony Imbesi. “Boasting 10,000 SF of a private rooftop with an enormous 50' infinity pool, spa and outdoor kitchen, the penthouse is truly a sanctuary in the sky.”

Wanting to create a level of luxury not yet seen in Miami, Carlos has added 2 additional bedrooms, high tech electrical systems and appliances throughout, Porcelain and marble tile across the entire property and a glass and wood staircase imported from oversees to offer an abundance of artistic light from the roof to the interiors. The residence in itself spans 9,370 SF inside spread over 6 bedrooms, 7 full baths & 2 half baths. The condo also offers 9,950 SF of private Rooftop Terrace with a spa, summer kitchen and a 50' infinity pool, rooftop deck raised above balcony creating an optical illusion looking straight out into open ocean views. Oceana Bal Harbour, 10203 Collins Ave #2801N, Bal Harbour is currently listed for $35,000,000 with Tony Imbesi of Douglas Elliman.