REAL ESTATE: LUXE LISTINGS WE LOVE

Описание: Todd Michael Glaser Tries a $169M Miami Beach Flip
A colossal, old-Miami estate at 5940 North Bay Road is back on the market—asking $169,000,000 barely six weeks after trading for $105M. That’s a 60% markup and now the priciest active ask on North Bay, Miami Beach’s ultra-luxury spine.

What’s Happening
Glaser and partners bought in late July and tossed it back with the full package: a 1936 main house with grand rooms, pool house, guest house, 9 beds, 15 baths, 4 powders, racquetball court, tennis court, dock, and screening room. It’s also being floated at $495K/month rent for anyone wanting a test drive.

Why It’s a Play
In a world of stitched-together compounds, this is one contiguous 2.3-acre waterfront estate—catnip for buyers chasing scale, privacy, and frontage. The thesis is pure scarcity: there just aren’t many of these left.

The Extra Layer
Word is the land alone pencils close to the ask. Plan B? Scrape and rebuild into a $250M–$300M mega-mansion if the flip doesn’t land. Translation: you’re paying for dirt and address, not drapes.

Receipts & Comps
Nine-figure trades have reset statewide expectations. Against that backdrop, $169M is audacious, but not delusional.
What’s Next

If a global whale wants a ready-made trophy, this sets a new watermark. If not—expect the demo-and-supersize route and an even bigger number later.

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