David Edelstein pays $26M for waterfront home in Miami Beach

Developer David Edelstein paid $25.5 million for a waterfront Miami Beach home, The Real Deal has learned.  Edelstein, a principal at his firm, TriCap, bought the four-bedroom, four-and-a-half-bathroom house at 6380 North Bay Road, according to sources. The 4,500-square-foot Mid-Century house was built in 1951 on a 0.6-acre lot. It includes a koi pond entrance, renovated kitchen, primary suite and landscaping by Raymond Jungles.  Property records show the sellers are Richard and Barbara Lane. Richard, chairman emeritus of the New York-based Olnick Organization, paid $9 million for the 0.6-acre property in 2020.  Jill and Danny Hertzberg of the Jills Zeder […]This article originally appeared on The Real Deal. Click here to read the full story.