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Sunset Islands: the $72.25 million record

4736 N Bay Rd sold for $72.25 million in October 2024, to David and Victoria Beckham — the North Bay Road record. Ninth stop in the series on the 10 micro-markets of ultra-luxury.

Por Ana Prado Contti  ·  4 min read
Sunset Islands: the $72.25 million record

The address 4736 N Bay Rd sold for $72.25 million in October 2024 — the North Bay Road price record. The buyers: David and Victoria Beckham, according to The Real Deal.

This is the ninth stop in the series on the 10 micro-markets that concentrate sales above $30 million in Miami-Dade — the ultra-luxury map, address by address.

What the Sunset Islands are

Four artificial islands — Sunset Island I (north) through IV (south) — on the west side of Miami Beach, facing Biscayne Bay, with views of the Downtown Miami skyline and the sunset. Guard-gated 24 hours, with two access points. No fixed bridges on the way out: yacht access to the Intracoastal and the ocean is direct.

The anchor sale

A new spec mansion of 12,552 square feet, 9 suites, on a 0.6-acre lot with 124 feet of bay frontage — architecture by Bart Reines, Choeff Levy Fischman design, interiors by the Antrobus Design Collective. Listed at $80 million in 2022, it closed at $72.25 million. The seller, Niklas de la Motte, had paid $10 million for the old property in 2018. Listing broker: Dora Puig (Luxe Living Realty).

The North Bay Road ultra-luxury track record

The record includes the following sales of $30 million or more on the street:

Nine sales above $30 million — and two above $72 million two years apart. It is one of the heaviest concentrations of major transactions on a single street in Miami Beach.

Why it matters for buyers

North Bay Road sums up what ultra-luxury values in Miami: water, privacy and sunset — with the Downtown skyline as the backdrop. For buyers at this level, the street offers rare transaction scale in bayfront addresses, without leaving Miami Beach.

Methodology: Methodology: sale (sold) prices compiled from the Miami-Dade MLS/Matrix and public records, with a $30 million cutoff. Off-market sales may not appear in the MLS.
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