Land Trust Services Corp Sells Vacant Waterfront Lot At 5840 North Bay Road For $22.85M

A vacant waterfront lot at 5840 North Bay Road in Miami Beach, measuring 0.64 acres, has been sold for $22.85 million. The property features 150 feet of bayfront and skyline views, with potential for constructing a 13,587 square foot estate. The seller of the property was Land Trust Services Corp, acting as trustee of Trust No. 5840NBR.

Summary of transaction details:

• Property Type: Land
• Transaction Amount: $22,850,000
• Address: 5840 North Bay Road
• Market: Miami Beach
• Acres: 0.64
• Seller: Land Trust Services Corp
• Buyer's Representative: Cyril Matz - Douglas Elliman
• Seller's Representatives: Jill Hertzberg - Coldwell Banker; Zachary Vichinsky - Bespoke Real Estate Florida

This transaction involved notable representatives in the real estate market, with Cyril Matz representing the buyer from Douglas Elliman, while the seller was represented by Jill Hertzberg of Coldwell Banker and Zachary Vichinsky from Bespoke Real Estate Florida. Their involvement reflects a collaborative effort in the successful closing of this waterfront property deal.