Waterfront Homes On Miami Beach’s North Bay Road Are Selling Like Hot CakesJune 3, 2010
Eight waterfront properties have SOLD on North Bay Road since February 2010! WOW, in the context of market conditions. But in my mind, not surprising. For me, North Bay Road is the Fifth Avenue of Miami Beach. Hands down the best address for waterfront property on the barrier island if you are a view devotee. Upon entering a North Bay Road home on the water, if well designed, its views instantly open up and out over Biscayne Bay, revealing fiery sunsets.
Back to the most recent deals:
5760 North Bay Road SOLD for $4.5M on 2/10
5150 North Bay Road SOLD for $3.75M on 2/10
4462 North Bay Road SOLD for $4.42M on 2/10
2324 North Bay Road SOLD for $3.5M on 4/10
6100 North Bay Road SOLD for $3.4M on 5/10
5718 North Bay Road SOLD for $3.35M on 5/10
4640 North Bay Road SOLD for $2.75M on 5/10
4358 North Bay Road SOLD for $7.4M on 6/10 (vacant land)
So why the frenzy? Now buyers are taking advantage, realizing there’s real value in the numbers.