Anthony Marlowe Acquires Development Site In North Bay Village For $1.4M

Anthony Marlowe has expanded his North Bay Village portfolio with the recent acquisition of a prime waterfront condo development site on East Drive. Located in North Bay Village, a series of islands in North Biscayne Bay, this development site offers an excellent opportunity for residential growth. The property, known for its stunning waterfront views, is situated in a desirable location and is expected to attract high demand.

Summary of Transaction Details

• Property Type: Development Site
• Transaction Amount: $1,400,000
• Address: 7922 East Drive
• Market: North Bay Village

Anthony Marlowe, known for setting the North Bay Village residential sales record earlier this year with the purchase of a South Treasure Dr. waterfront home, continues to make strategic investments in the area. The seller of the development site is Juan Pablo Montoya and Connie Freydell. The transaction was facilitated by MJ Ridenour of Coldwell Banker Commercial NRT, who represented both the buyer and the seller in the deal. With this acquisition, Marlowe further solidifies his presence in the North Bay Village market.

North Bay Village, with its own large police force serving its approximately 7,000 residents, has seen a surge in record sales recently. This development site purchase reflects the growing demand for prime waterfront properties in the area. Marlowe's investment in the North Bay Village market showcases his confidence in its future growth potential.