A non-waterfront home on Miami Beach’s North Bay Road has sold for $15 million, setting a new record for dry lot properties in the city. The house, located at 2301 North Bay Road, was built in 1925 and is situated across from a waterfront mansion owned by model Karlie Kloss and her husband, Joshua Kushner.
Property records indicate that Land Trust N 1 sold the property to NBR Miami LLC, a Delaware entity. Richard Elias signed the deed on behalf of the seller, while the Miami Beach-based law firm Kellermann Varela represented the buyer.
The six-bedroom, four-bathroom residence offers more than 5,000 square feet of interior space on a quarter-acre lot. It last changed hands in 2010 for $1.5 million.
This transaction surpasses the previous record for a non-waterfront home in Miami Beach, which was set by the $13.4 million sale of a property at 6644 Windsor Lane on La Gorce Island in July.
Kloss and Kushner purchased their nearby eight-bedroom mansion at 2318 North Bay Road for $23.5 million in 2020 using a Delaware trust.
North Bay Road has been home to several celebrities over time, including Cindy Crawford and Rande Gerber, Shakira, and Barry Gibb of the Bee Gees.
Since the pandemic began, multiple high-value deals have taken place on this street. Last year, David and Victoria Beckham bought a waterfront spec mansion at 4736 North Bay Road for $72 million. Prior to that sale, Barry Diller acquired a waterfront lot at 5930 North Bay Road for $45 million.
Earlier this year, Todd Glaser and the Posner Group paid $105 million for Sonny Kahn’s waterfront estate at 5940 North Bay Road. They are considering selling it for $169 million or renting it out for $495,000 per month. Glaser also plans to develop a spec mansion on the site that could be listed for as much as $300 million.
Next door to that property, Jamie Salter—founder and CEO of Authentic Brands Group—sold his waterfront property at 5970 North Bay Road to Anand Khubani for $40 million in January.
Marcelo Claure, former CEO of Sprint and SoftBank Group International, is currently building a waterfront mansion nearby at 5212 North Bay Road.
