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Miami Beach Spec Home Slices $5M Off Asking Price

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It initially listed for $37 million in 2014

A Miami Beach spec home at 5446 North Bay Road has been dramatically reduced from its initial ask of $37 million in 2014 all the way down to $32 million.

The 13,500-square-footer is down the street from Chris Bosh and features three koi ponds, floating curved staircase, an elevator, and slick rooftop terrace.

The seven-bedroom modern home was developed by Todd Michael Glaser and the Posner Group, who purchased the site for $9.6 million in 2012. Its biggest selling point has to be the 190 feet of water frontage along Biscayne Bay, conducive to absorbing Miami's one-of-a-kind sunsets.