This home just broke the record for highest-priced sale in Bal Harbour
.jpg "This Bal Harbour home just sold for $24 million, a new record for the neighborhood.")
An eight-bedroom, nine-bath estate has set a new record for highest-price paid for a single-family home in Bal Harbour, according to the Multiple Listing Service.
The sprawling, 11, 724 square-foot mansion at 224 Bal Bay Drive sold for $24 million — or $2,047 per square foot — to an undisclosed buyer. The sale closed July 1.
The previous record holder was a single-family home at 182 Bal Bay Drive that sold for $17.5 million in 2013.
The 224 Bal Bay Drive property had previously sold in 2013 for $7.5 million. The home had been listed five months ago for $24.9 million
The property includes perks such as a private entrance to Bal Harbour Shops, a 50-foot infinity-edge pool, 100 feet of water frontage.
According to Zillow, the median home value in Bal Harbour is $1,036,000. The median sales list price per square foot is $783, which is more than triple the per square foot average sales list price of $221 in the Miami-Dade-Broward-West Palm Beach area.
The buyer was represented by Sandra Debuire of Coldwell Banker. The seller was represented by Dina Goldentayer of Douglas Elliman.
This story was originally published July 3, 2019 at 12:14 PM.