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Philippe Harari Of AquaBlue Group Purchases Land In Miami Beach From 6300 NBR LLC For $17.5M

Property Image
SOLD
$17,500,000
Michael (Mick) Duchon
Eloy Carmenate
PH

Florida

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Land
Sold 03/20/2025
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Property Image
SOLD

Philippe Harari Of AquaBlue Group Purchases Land In Miami Beach From 6300 NBR LLC For $17.5M

6300 North Bay Road

See Similar Deals
Land
Sold 03/20/2025
Michael (Mick) Duchon
Eloy Carmenate
PH
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Land
Transaction Type:Sale

The asset involved in this transaction is a land property located at 6300 North Bay Road in Miami Beach. It was sold for a total transaction amount of $17,500,000.00.

Summary of transaction details:

  • Property Type: Land
  • Transaction Amount: $17,500,000.00
  • Address: 6300 North Bay Road
  • Market: Miami Beach
  • Buyer: Philippe Harari - AquaBlue Group
  • Seller: 6300 NBR LLC
  • Brokers: Michael (Mick) Duchon - The Corcoran Group, Eloy Carmenate - The Corcoran Group

This transaction saw Philippe Harari representing AquaBlue Group as the buyer, while 6300 NBR LLC acted as the seller. The brokerage was represented by Michael (Mick) Duchon and Eloy Carmenate, both from The Corcoran Group.

Players

Eloy Carmenate
The Corcoran Group
Eloy Carmenate
32 deals$584.2M volume(305) 582-7179
BROKER
Michael (Mick) Duchon
The Corcoran Group
Michael Duchon
36 deals$670.3M volume(732) 754-7535
BROKER
PH
Philippe Harari
4 deals$82.3M volume
BUYER

Details

SOLD
IMAGE: Eloy Carmenate & Michael Duchon DATE: 03/20/2025 ADDRESS: 6300 North Bay Road MARKET: Miami Beach ASSET TYPE: Land ~ ACRES: 0.6 BUYER: Philippe Harari (@AquaBlueGroup) - AquaBlue Group SELLER: 6300 NBR LLC SELLER'S REP: Eloy Carmenate (@Eloy_Carmenate) & Michael Duchon (@Mick_Duchon) - The Corcoran Group (@TheCorcoranGroup) BUYER'S REP: Albert Justo (@AlbertJusto19) & Mirce Curkoski (@MirceCurkoski) - The Waterfront Team (@TheWaterfrontTeam) SALE PRICE: $17,500,000 NOTE: Spec developer AquaBlue Group paid $17.5 million for a waterfront lot at 6300 North Bay Road in Miami Beach, marking a $4.5 million loss for seller 6300 NBR LLC, managed by attorney Brian Bilzin. The off-market deal was brokered by Corcoran Group’s Eloy Carmenate and Michael Duchon, who represented the seller, while Albert Justo and Mirce Curkoski of The Waterfront Team represented the buyer. AquaBlue’s Philippe Harari plans to build a new luxury home on the site.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$62,173.82
Cash-on-Cash Return-1.27%
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