On market for over three years, 2046 North Bay Road sells for $9,750,000

Originally listed for $17M, 2046 North Bay Road is sited on a 38,314 sq. ft. lot.  The newly-constructed  14,582 sq. ft. home sold for $668.63 psf.  The estate has seven bedrooms, nine bathrooms, two half-baths, and a four car garage.

Prior to this sale, there have only been a handful of properties that have sold in the ultra-high end this year.  Shaq’s Star Island home is on record as the highest sale of the year at $16M.

2009 Luxury Waterfront Sales

1400 W 28th Street List: $15.9M Sell: $9.5M Date: 9/2009
1330 W 29th Street List: $6.9M Sell: $5.02M Date: 9/2009
2940 North Bay Road List: $6.9M Sell: $4.038 Date: 9/2009
34 Indian Creek Drive List: $8.9M Sell: $6M Date: 9/2009
1727 W 27th Street List: $8.25M Sell: $6M Date: 8/2009

So the real story is that there was literally NO activity until June.

Pending Miami Beach Real Estate Sales (High End)