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Waterfront spec mansion in Miami Beach sells for $16.5M (Photos)

Waterfront spec mansion in Miami Beach sells for $16.5M (Photos)

A waterfront spec mansion on Miami Beach traded for $16.5 million.

The 12,078-square-foot home was sold by 3114 North Bay Road LLC, managed by luxury home developer Felix Cohen, to Eric James Dalius and Kimberly Ann Dalius. The price equated to $1,366 a square foot.

The seller was represented by Julian Cohen and Jacques Cohen of Compass.

“The home’s design blurs the line between indoor and outdoor living and renders the perfect blend of nature, modernity and privacy on the open Bay, while staying…

Source: http://feeds.bizjournals.com/industry_21

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