Lusting for a house in Miami Beach? If you’ve got millions, you’ve got new options
Homeowners looking for single-family homes have two new options in Miami Beach.
The first is priced at a mere $4.85 million, due to its dry-side-of-the street location on North Bay Road. The 3,772-square-foot, two-story home is owned by manager Myles Shear, who has worked with artists Kygo and Thomas Jack. The fully furnished house has four bedrooms, six bathrooms and a half bathroom and sits on a 7,796-square-foot lot. Its location, at 2061, puts it within walking distance of Sunset Harbor.
Shear plans to stay in Miami Beach but is looking for waterfront, said listing agent Julian Cohen, who works with the Jills Zeder Group. “He wants a home with a boat. And a home on the waterfront traditionally goes up in value faster than a non-waterfront home.”
Shear’s current pad has had multiple showings to locals and New Yorkers. “A lot of people want turnkey and furnished. People just want to move in and bring their toothbrush,” Cohen said.
The manager purchased the home in 2017 for $1.325 million and renovated every inch, Cohen said, explaining the price increase. Still, at $622 per square foot, Shear’s house is priced nearly double than the most recent comparable sale — a 4,841-square-foot home at 2181 N. Bay Rd. that sold for $1.81 million in February, or $373 per square foot.
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He might want to consider an Allison Island house that hit the market Wednesday.
James Curnin, the founder of the development firm Clara Homes and the great grandson of Jack Parker — the developer behind Parker New York — listed his spec home in gated Allison Island for $15.3 million on Wednesday. The two-story Max Strang-designed house is a modern take on the farm house — albeit a sizeable one, at 7,000 square feet on a 16,200-square-foot waterfront lot. When it is finished in October, the home will have five bedrooms, six bathrooms, two-half bathrooms, staff quarters, pool, private dock, gym and two-car garage. The home is listed by Oliver Lloyd of Douglas Elliman.
Four buyers, including one from New York and one from Detroit, have already called to see it, said Curnin.
“The market is on fire. Miami is becoming a metropolis. There is such a level of sophisticated people coming,” Curnin said.
The home is set on a property acquired by Curnin in 2019, as first reported by the Real Deal. He paid $7.25 million for the 32,400-square-foot lot that he has since split, and is developing a second house at 6455 Allison Road. The architecture for that two-story home, said Curnin, will be “Palm Beach Country Estates meets Miami,” with shell stone on the exterior and Roman columns framing the entrance and rear.
That house will also have five bedrooms, six bathrooms, and two half baths over 7,000 square feet and is expected to be completed by September. But don’t get a hankering for it; the house went under contract in March and is expected to close by October.
Curnin is looking for more land.
“For the immediate future, I am confident in the market because there is a lack of single-family homes in Miami,” Curnin said. He’s counting on Florida’s continuing appeal thanks to the limit on SALT deductions and the increase in remote working.
The 2017 change in real estate taxes brought Curnin south. In early 2019 Clara Homes shut its New York headquarters; the firm plans to reopen a permanent office in either Brickell or Miami Beach by September 2020, Curnin said.
This story was originally published June 19, 2020 at 7:00 AM.
