arts
Concrete mogul sells waterfront home in Miami’s Bay Point for record price to West Coast buyer
Summary by The Miami Editorial Desk Katherine Kallergis , as published by The Real Deal
· July 15, 2026
· 1 min read
Photo: The Real Deal · view original
Story provenance No corrections
Summary created by The Miami Editorial Desk — automated, rule-governed Byline on source page Katherine Kallergis, as published by The Real Deal Original story Read at the source Source published Jul 15, 2026 AI assistance Automated summary drawn from the source’s own published text Prepublication human review No — editorial rules, flagged-item review, and published samples
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Key points The buyer, from the West Coast, purchased a home for $27. He initially listed the property for $10 million in 2016, with an alternative option for a new house at a higher price.
A notable sale occurred in Miami 's Bay Point neighborhood. The buyer, from the West Coast, purchased a home for $27.3 million. This transaction reflects changes in the luxury home market over the past decade.
The seller is a prominent figure in the concrete industry. He initially listed the property for $10 million in 2016, with an alternative option for a new house at a higher price. The property was originally purchased for $2 million in 2012.
Further details about this record-breaking sale are available from The Real Deal, including the full story behind the transaction and its impact on the local market.
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As published by The Real Deal . The Miami selects stories from publishers’ feeds, summarises them, and links back to the publisher that reported them. We add no reporting of our own. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
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Category: arts Published: July 15, 2026 Source: The Real Deal Reading time: 1 min
Frequently asked about this story
What is this story about? A notable sale occurred in Miami's Bay Point neighborhood. The buyer, from the West Coast, purchased a home for $27.3 million. This transaction reflects changes in the luxury home market over the…
When was this published? This article was first published on July 15, 2026 by The Real Deal and curated for The Miami readers.
Who reported this story? This story was reported by Katherine Kallergis at The Real Deal. To learn more about how The Miami selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more arts coverage from The Miami, or browse our daily briefing and topic hubs .
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