Introduction to Miami Beach Luxury Real Estate
Less than six weeks after closing on a Miami Beach property for $105 million, developer Todd Michael Glaser has re-listed the home for a staggering $169 million.
The Property’s Location and Features
It’s the highest ask for the largest residence on North Bay Road, known as the Park Avenue of Miami Beach — the city’s most exclusive street. This property sits at 5940 North Bay Road. The main house was built in 1936 and sits on 2.3 acres — including 290 feet on Biscayne Bay. Glaser signed a contract to buy the home in February and closed in late July, according to records.
North Bay Road, a 4-mile strip on Biscayne Bay with less than 200 homes worth “nearly $2 billion in collective value … [has] become the most tightly held corridor in the city,” according to the listing — from Zachary Vichinsky and Brett Harris of Bespoke Real Estate, who share the co-exclusive with Nelson Gonzalez of Berkshire Hathaway HomeServices.
Exclusive Neighborhood and Past Owners
North Bay Road is famously exclusive, on a 4-mile strip along Biscayne Bay. Bespoke Real Estate
The home was built for entertaining. Bespoke Real Estate
The elegant home comes with picture-perfect water views. Bespoke Real Estate
This house asks a cool $169 million. Bespoke Real Estate
The bedroom comes with a private balcony and serene water views. Bespoke Real Estate
Past and present homeowners on North Bay Road include Apollo co-founder Josh Harris; President Trump’s special envoy Steve Witkoff; Barry Diller; Karlie Kloss and Josh Kushner; and David and Victoria Beckham.
Market Demand and Property Details
“This $169 million estate is a landmark moment for Miami Beach, underscoring the global demand for rare waterfront properties,” Vichinsky told Gimme Shelter.
The dwelling opens to a double-height foyer with dual staircases. The main floor boasts formal living and dining rooms, a large family room with an entertainment bar, a billiards room, a screening room and a sunlit conservatory — and all rooms deliver water views.
Interior and Exterior Amenities
Upstairs, the main bedroom features barrel-vaulted ceilings, custom finishes and French doors that open to a terrace with city skyline and water vistas. There’s also a morning bar, two dressing rooms and a spa-like bath.
The offering also boasts a racquetball court in an “accessory structure” connected to the main house.
This being Florida, there’s a pool outside — and this one dazzles. Bespoke Real Estate
There’s a pool house and tons of space for lounging. Bespoke Real Estate
A new owner can even get into the US Open mindset on the property. Bespoke Real Estate
Outside, the landscaped grounds include a tennis court and pavilion, a pool, a pool house, a guest house, a summer kitchen and a private dock with a boat lift.
Size and Layout
Altogether, the main house — built in 1936 and “maintained, renovated and expanded over the years” — along with the pool house and the guest house feature a total of nine bedrooms, 15 baths, and four powder rooms. The brokers would not break down how many bedrooms per structure.
Recent Sales and Market Trends
The listing follows Bespoke’s $122.1 million deal at 18 La Gorce.
Bespoke represented the buyer for that property, infomercial king Anand Khubani, who got a collection of homes on 2.87 acres there. This new listing is different because the property is one-parcel deal.
“5940 North Bay Road offers a single, expansive estate on Miami Beach’s most proven address, setting it apart from assemblage-driven sales,” said Michael Cantwell, a founding partner and CMO of Bespoke.
Conclusion
The re-listing of Todd Michael Glaser’s Miami Beach property for $169 million marks a significant moment in the city’s luxury real estate market. With its exclusive location, stunning views, and extensive amenities, this property is sure to attract attention from high-end buyers.
FAQs
Q: What is the location of the property?
A: The property is located at 5940 North Bay Road, Miami Beach.
Q: How much did Todd Michael Glaser pay for the property initially?
A: Todd Michael Glaser paid $105 million for the property.
Q: What is the asking price of the property now?
A: The asking price of the property is $169 million.
Q: Who are some of the past and present homeowners on North Bay Road?
A: Past and present homeowners on North Bay Road include Apollo co-founder Josh Harris, President Trump’s special envoy Steve Witkoff, Barry Diller, Karlie Kloss and Josh Kushner, and David and Victoria Beckham.
Q: What are some of the amenities featured in the property?
A: The property features a racquetball court, tennis court and pavilion, pool, pool house, guest house, summer kitchen, and private dock with a boat lift.
