Updated Jun 11, 2026
Cesar Molina Of CMA Designs Studio Buys Miami Beach Home From Jason And Michelle Rubell For $18.9M
6500 North Bay Road
$18,900,000
$2,863/SF
Building Size
6,600 SF
Asset Type
Single Family
Closing
Jun 10, 2026
About this deal
AI
The property asset involved in the transaction is a single-family home located at 6500 North Bay Road, Miami Beach, FL. The waterfront property encompasses 6,600 square feet and includes four bedrooms. It sold for $18,900,000, achieving a price per square foot of $2,864.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $18,900,000
- Buyer: Cesar Molina - CMA Designs Studio
- Seller: Jason Rubell & Michelle Simkins Rubell
- Square Footage: 6,600
- Price per Square Foot: $2,864
- Market: Miami Beach, FL
- Previous Purchase Price: $10,500,000
- Year of Previous Purchase: 2021
Art collectors Jason Rubell and Michelle Simkins Rubell executed the sale of their home through an LLC affiliated with Cesar Molina’s CMA Design Studio. This transaction has been noted as a significant recent sale in South Florida residential real estate.
On the Map
$18,900,000
$2,863/SF
Single Family
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Racine Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Deal FAQ
About $2.9K per square foot on a published $18.9M for 6,600 square feet (2026).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.84%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93