A waterfront teardown located at 4810 North Bay Road in Miami Beach has been sold for $17,000,000. The property encompasses half an acre with 240 feet of bay frontage. The buyer, a developer, has plans to construct a 10,000 square foot spec mansion, which is expected to be priced between $60,000,000 and $65,000,000 in the future. The property was previously owned by socialite Ann Barish and had been listed for as much as $28,000,000 prior to the sale.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $17,000,000
• Buyer: Andres Isaias - Andian Group
• Seller: Ann Barish & Keith Barish
• Brokers: Alejandro Diaz-Bazan & Jill Eber - Coldwell Banker

The transaction involved broker representatives Alejandro Diaz-Bazan and Jill Eber, both affiliated with Coldwell Banker, who facilitated the deal. The previous ownership by Ann Barish is noted, highlighting the notable history of the property within the Miami Beach market.