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.
- 5446 N Bay Road [Douglas Elliman]
- Miami Beach Home Trims Asking Price to $32 Million [WSJ]
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