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Barry Diller Acquires Bruce Beal Jr.'s $45M North Bay Road Property

Property Image
SOLD
$45,000,000
Reid Heidenry
Marko Gojanovic
Michael (Mick) Duchon
+ 1

Florida

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Single Family13,600 SF
Sold 02/20/2024
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Property Image
SOLD

Barry Diller Acquires Bruce Beal Jr.'s $45M North Bay Road Property

5930 North Bay Road

See Similar Deals
Single Family13,600 SF
Sold 02/20/2024
Reid Heidenry
Marko Gojanovic
Michael (Mick) Duchon
+ 1
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Single Family
Price Per Square Foot:$3,308
Total Square Footage:13,600 SF
Transaction Type:Sale

The waterfront North Bay Road property in Miami Beach has been put under contract for a record $45 million. Spanning 1.5 acres, the property was previously the site of the Whitehall Mansion. The transaction equated to a price of $3,309 per square foot and involved the sale between seller Bruce Beal Jr. from Related Companies and buyer Barry Diller.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $45,000,000
  • Address: 5930 North Bay Road
  • Market: Miami Beach
  • SF: 13,600
  • BUYER: Barry Diller
  • SELLER: Bruce Beal Jr. - Related Companies

The buyer's representatives involved in the deal were Brett Harris from Douglas Elliman, as well as Marko Gojanovic and Reid Heidenry from Sotheby's International Realty. On the other side, Mick Duchon from The Corcoran Group represented the seller.

Players

Brett Harris
Douglas Elliman
Brett Harris
16 deals$590M volume(305) 764-9401
BROKER
Michael (Mick) Duchon
The Corcoran Group
Michael Duchon
36 deals$670.3M volume(732) 754-7535
BROKER
Reid Heidenry
Sotheby's International Realty
Reid Heidenry
40 deals$454.9M volume(305) 942-7302
BROKER
Marko Gojanovic
Sotheby's International Realty
Marko Gojanovic
37 deals$513.4M volume(718) 360-5059
BROKER

Details

SOLD
IMAGE: CONTRACT IMAGE: Reid Heidenry, Bruce Beal Jr., Barry Diller, Brett Harris, Marko Gojanovic & Mick Duchon DATE: 02/20/2024 ADDRESS: 5930 North Bay Road MARKET: Miami Beach ASSET TYPE: Single Family ~ ACRES: 1.5 BUYER: Barry Diller SELLER: Bruce Beal Jr. - Related Companies (@RelatedCos) BUYER'S REP: Brett Harris (@BrettHarrisHomes) - Douglas Elliman (@DouglasElliman); Marko Gojanovic (@Marko_Gojanovic) & Reid Heidenry (@MRLuxuryGroup) - Sotheby's International Realty (@SothebysRealty) SELLER'S REP: Mick Duchon (@Mick_Duchon) - The Corcoran Group (@TheCorcoranGroup) PRICE: $45,000,000 SF: 13,600 ~ PPSF: $3,309 NOTE: Billionaire media tycoon Barry Diller is in contract to buy Bruce Beal Jr.'s waterfront North Bay Road property in Miami Beach for a record $45 million in an off-market deal. The 1.5-acre lot, formerly home to the Whitehall Mansion, was sold by Beal's Bay Road Property LLC, marking a new price record for waterfront North Bay Road properties.

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