A home on North Bay Road in Miami Beach has sold for $15 million, setting a new record for non-waterfront, or “dry lot,” properties in the city. The property, located at 2301 North Bay Road, was built in 1925 and is situated across from a waterfront mansion owned by model Karlie Kloss and her husband Joshua Kushner.
According to property records, Land Trust N 1 sold the six-bedroom, four-bathroom house to NBR Miami LLC, a Delaware-based entity. Richard Elias signed the deed on behalf of the seller. The law firm Kellermann Varela represented the buyer. The home offers more than 5,000 square feet of interior space on a quarter-acre lot and last changed hands for $1.5 million in 2010.
This sale surpasses the previous record for a dry lot home in Miami Beach, which was set by the $13.4 million sale of a non-waterfront property at 6644 Windsor Lane on La Gorce Island in July.
Kloss and Kushner purchased their nearby waterfront mansion at 2318 North Bay Road for $23.5 million in 2020 through a Delaware trust.
North Bay Road has long attracted celebrities such as Cindy Crawford and Rande Gerber, Shakira, and Barry Gibb of the Bee Gees. In recent years, several high-value transactions have taken place on this street. Last year, David and Victoria Beckham bought a waterfront mansion at 4736 North Bay Road for $72 million—a record at that time—while media executive Barry Diller paid $45 million for a waterfront lot at 5930 North Bay Road months earlier.
Earlier this year, developer Todd Glaser and the Posner Group acquired Sonny Kahn’s estate at 5940 North Bay Road for $105 million. They are seeking to resell it for $169 million or rent it out for nearly half a million dollars per month while also planning to develop another spec mansion that could be listed for up to $300 million.
Next door to that property, Jamie Salter—founder of Authentic Brands Group—sold his waterfront home at 5970 North Bay Road to Anand Khubani for $40 million in January. Marcelo Claure, former CEO of Sprint and SoftBank Group International, is currently building another waterfront mansion nearby at 5212 North Bay Road.
