Steve Witkoff & Alex Witkoff Sell 0.4-Acre Land At 4766 North Bay Road For $24.3M
4766 North Bay Road
$24,300,000
Building Size
—
Asset Type
Land
Closing
Jul 2, 2025
About this deal
AI
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.
On the Map
$24,300,000
Land
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.65%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93