NBR Miami LLC Acquires 2301 North Bay Road In Miami Beach For $15 Million From Richard A. Elias

A single-family mansion located at 2301 North Bay Road in Miami Beach sold for $15,000,000. The property encompasses 5,086 square feet, resulting in a price per square foot of $2,949. This sale was conducted off-market and set a record for a non-waterfront home in the Miami Beach area. The mansion, originally built in 1929, has been renovated and showcases its historical value.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $15,000,000
• Sale Date: 09/15/2025
• Address: 2301 North Bay Road
• Market: Miami Beach
• Seller: Richard A. Elias - The Land Trust No 1
• Buyer: NBR Miami LLC
• Square Footage: 5,086
• Price Per Square Foot: $2,949

The transaction involved NBR Miami LLC as the buyer and Richard A. Elias, representing The Land Trust No 1 as the seller. This sale marks a significant increase from the property's previous sale price of $1.45 million in 2010, reflecting a steep appreciation over the years.