“Speed is critical”: Two waterfront teardowns trade in Miami Beach for over $50M, following separate bidding wars

by Katherine Kallergis

Two teardowns sold in Miami Beach to separate buyers for more than $50 million combined, underscoring the feverish demand for waterfront land.  In the larger deal, 1601 North View LLC, managed by Damian Narvaez on behalf of developer Glenn Boyer, sold the 0.6-acre property at 1601 North View Drive on Sunset Island I for $32 million, according to the agents involved in the off-market trade. Danny Hertzberg of the top-ranked Jills Zeder Group at Coldwell Banker represented the seller, while Evan Weiss of 305 Degrees Realty represented the buyer. A company tied to Missouri developer Victor Alston bought the house. […]

This article originally appeared on The Real Deal. Click here to read the full story.

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