arts
Developer Menachem Kranz sells waterfront Bay Harbor Islands home for $22M
By Katherine Kallergis at The Real Deal
· June 16, 2026
· 1 min read
A newly built waterfront mansion on Bay Harbor Islands sold for $21.8 million and over $2,700 per square foot, the latter of which is a record price in the town. Property records show 9525 BH 2 LLC, led by Menachem Kranz, sold the 8,000-square-foot home at 9640 West Broadview Drive. Kranz declined t
Key takeaway Property records show 9525 BH 2 LLC, led by Menachem Kranz, sold the 8,000-square-foot home at 9640 West Broadview Drive.
Why this matters in The Miami
The sale of this Bay Harbor Islands mansion for $21.8 million reflects the ongoing demand for luxury waterfront properties in Miami-Dade County. This record-breaking price per square foot in Bay Harbor Islands is a testament to the area's desirability, with its proximity to Miami Beach and other upscale neighborhoods like Wynwood and Brickell. The fact that the buyer was willing to pay a premium for this 8,000-square-foot home suggests that the luxury market in Miami remains strong, driven in part by the city's appeal to Latin American and Caribbean buyers. As sea-level rise and flooding risks continue to affect Miami's coastal communities, the long-term viability of these high-end waterfront properties will be worth watching. For now, however, the sale of this mansion indicates that Miami's luxury real estate market remains a major draw for wealthy buyers.
About this story
Original reporting by The Real Deal . The Miami surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. 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: June 16, 2026 ·
Source: The Real Deal ·
Reading time: 1 min
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Frequently asked about this story
What is this story about? A newly built waterfront mansion on Bay Harbor Islands sold for $21.8 million and over $2,700 per square foot, the latter of which is a record price in the town. Property records show 9525 BH 2 LLC, led by Menachem Kranz, sold the 8,000-square-foot home at 9640 West Broadview Drive. Kranz declined t
When was this published? This article was first published on June 16, 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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