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Steve Witkoff & Alex Witkoff Sell 0.4-Acre Land At 4766 North Bay Road For $24.3M

Property Image
SOLD
$24,300,000
Dina Goldentayer
AW

Florida

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Land
Sold 07/02/2025
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Property Image
SOLD

Steve Witkoff & Alex Witkoff Sell 0.4-Acre Land At 4766 North Bay Road For $24.3M

4766 North Bay Road

See Similar Deals
Land
Sold 07/02/2025
Dina Goldentayer
AW
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Land
Transaction Type:Sale

A 0.4-acre lot located at 4766 North Bay Road in Miami Beach has been sold for $24.3 million, establishing a land price record of $1,370 per square foot. The sale was conducted off-market.

Summary of transation details:

  • Property Type: Land
  • Transaction Amount: $24,300,000
  • Address: 4766 North Bay Road
  • Market: Miami Beach
  • Seller: Steve Witkoff & Alex Witkoff - Witkoff Group
  • Broker: Dina Goldentayer - Douglas Elliman

The transaction was notable for involving the same buyer who previously acquired a neighboring spec home for $29.5 million in May. Dina Goldentayer of Douglas Elliman represented the Witkoff Group in this sale.

Players

Dina Goldentayer
Douglas Elliman
Dina Goldentayer
91 deals$1.6B volume(786) 277-7539
BROKER
Douglas Elliman
Douglas Elliman
BROKERAGE

Details

SOLD
IMAGE: Steve Witkoff, Alex Witkoff & Dina Goldentayer DATE: 07/02/2025 ADDRESS: 4766 North Bay Road MARKET: Miami Beach ASSET TYPE: Land ~ ACRES: 0.4 SELLER: Steve Witkoff & Alex Witkoff - Witkoff Group BROKER: Dina Goldentayer (@GoldenDina) - Douglas Elliman (@DouglasElliman) SALE PRICE: $24,300,000 NOTE: The Witkoff Group sold a 0.4-acre lot at 4766 North Bay Road for $24.3M, setting a Miami Beach land record at $1,370 per square foot. Dina Goldentayer of Douglas Elliman brokered the off-market deal to the same buyer who paid $29.5M for the neighboring spec home in May.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,296,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$86,332.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$115,194.40
Annual Debt Service$1,382,332.77