Amir Kermani Sells Bayfront Home On North Bay Road In Miami Beach For $25 Million
4340 North Bay Road
$25,000,000
$2,852/SF
Building Size
8,764 SF
Asset Type
Single Family
Closing
Mar 19, 2026
AI
The property is a single-family Spanish-style bayfront home located at 4340 North Bay Road in Miami Beach, sold for $25,000,000. The home spans 8,764 square feet and is situated on a 0.37-acre lot with 100 feet of bay frontage on Biscayne Bay. It features six bedrooms, a dock suitable for a large yacht, an infinity pool, an outdoor kitchen, and a three-car garage equipped with car lifts.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $25,000,000
- Address: 4340 North Bay Road
- Market: Miami Beach
- Asset Size: 8,764 SF
- Price per Square Foot: $2,853
- Seller: Amir Kermani
- Brokers: Julian Johnston & James Vanas - The Corcoran Group
Amir Kermani sold the property after initially listing it for $30,000,000. The unidentified buyer was represented by James Vanas, while the listing agent was Julian Johnston.
Players
Miami Beach Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93