arts
South Florida’s top deals: Businessman sells Coral Gable home for $26M
By Mary Diduch, Veronica Udell at The Real Deal
· June 10, 2026
· 1 min read
🏆 Residential: Art collectors Jason Rubell and Michelle Simkins Rubell sold a home at 6500 North Bay Road in Miami Beach for $18.9 million marking the top sale to hit records in South Florida. The buyer was an LLC linked to Cesar Molina’s CMA Design Studio. The waterfront property, built in 1950, s
Key takeaway 9 million marking the top sale to hit records in South Florida.
Why this matters in The Miami
The recent sale of a Miami Beach home for $18.9 million to an LLC linked to CMA Design Studio reflects the ongoing demand for luxury waterfront properties in South Florida. This transaction, which more than doubles the property's 2021 purchase price, suggests that high-end buyers are willing to pay premium prices for homes in desirable locations like Miami Beach. The fact that the buyers are linked to a design studio also hints at the potential for the property to be renovated or redeveloped, which could have implications for the surrounding neighborhood. As Miami Beach continues to evolve, with its unique blend of Art Deco architecture and modern luxury developments, sales like this one will be worth watching to see how they impact the local real estate market and the character of the area. The city's vibrant arts and culture scene, including the nearby Wynwood and Little Havana neighborhoods, may also be a draw for buyers looking for a luxury lifestyle.
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 10, 2026 ·
Source: The Real Deal ·
Reading time: 1 min
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Frequently asked about this story
What is this story about? 🏆 Residential: Art collectors Jason Rubell and Michelle Simkins Rubell sold a home at 6500 North Bay Road in Miami Beach for $18.9 million marking the top sale to hit records in South Florida. The buyer was an LLC linked to Cesar Molina’s CMA Design Studio. The waterfront property, built in 1950, s
When was this published? This article was first published on June 10, 2026 by The Real Deal and curated for The Miami readers.
Who reported this story? This story was reported by Mary Diduch, Veronica Udell 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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