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4340 North Bay Road

Amir Kermani Sells Bayfront Home On North Bay Road In Miami Beach For $25 Million
SOLDSingle Family

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

Julian Johnston

The Corcoran Group

Broker

$777.3M

vol

55 deals

Broker

Amir Kermani

Seller

$25M

vol

1 deal

Seller

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