Miki Naftali Acquires Miami Beach Assemblage From Valerie Owen And Family For $8.9M

The assemblage involves three multifamily properties located at 1580 Bay Road, 1410 16th Street, and 1420 16th Street in the Miami Beach market. The total sale price amounted to $8,900,000, translating to $584 per square foot for the 15,250 square foot development site. The properties feature a 2.0 FAR, enabling a development potential of approximately 30,500 square feet.

Summary of transaction details:

• Property Type: Assemblage
• Transaction Amount: $8,900,000
• Buyer: Miki Naftali
• Seller: Valerie Owen, George Owen, Matthew Owen Jr & Matthew Owen Sr
• Broker: Shana Santalla - Lifestyle International Realty
• Sale Date: 07/23/2026
• Market: Miami Beach

Shana Santalla represented the sellers, effectively coordinating between multiple ownership groups to establish the assemblage and successfully procuring Naftali Group as the buyer. The assemblage was sold for $200,000 above the asking price of $8,700,000.