Miami Beach Home On North Bay Road Sold For $6,500,000
One of the most exclusive streets in Miami is North Bay Road, which stretches from 20th street to just north of 63rd St on the west side of Miami Beach. It used to be known as “millionaires row”, when homes on Miami Beach could be purchased for much less than a million dollars, and some of the priciest homes were on North Bay Road.
There are still homes on Miami Beach, which sell for well below a million dollars, but not that many. For example, today there are only 4 homes for sale in the main part of Miami Beach (South Point to just north of 63rd St.), for less than $600,000, and none for under $500,000.
Last week, a marvelous North Bay Road home, built in 1951, sold for $6,500,000, which was $1,400,000 below the asking price of $7,900,000. With 113 feet of bay front, on a 27,000 square feet lot, the property located at 6380 N. Bay Road sold for approximately $1160 per square foot of interior living space.
The fully restored Miami Beach home features open spaces, 5 bedrooms, 4 full baths, lush gardens, a Koi pond, and a pool cabana with bath. This is the second time the home was sold in the past 2 years. In 2006, it sold for the same price of $6,500,000.
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