Luxurious Waterfront Landmark on North Bay Road,A $169 Million Masterpiece

A Landmark of Luxury: Florida’s Most Expensive Historic Home Lists for $169 Million

Welcome to one of Florida’s grandest and most coveted estates — a timeless 1936-built mansion that has been masterfully reimagined into the ultimate statement of prestige and luxury. Nestled along Miami Beach’s famed Billionaire’s Row on North Bay Road, this magnificent waterfront residence sits on 2.34 acres of impeccably landscaped grounds with 290 feet of direct bay frontage, offering unparalleled panoramic views of Biscayne Bay and the Miami skyline.

Currently listed for $169,000,000, this estate isn’t just the most expensive old home in Florida — it’s one of the most significant properties ever to hit the Miami Beach market. For those who prefer to experience it temporarily, the home is also available for lease at $495,000 per month, fully furnished and ready for immediate occupancy.

• Price: $169,000,000

• Lease Option: $495,000/month (fully furnished)

• Year Built: 1936

• Lot Size: 2.34 acres

• Living Space: 16,910 square feet

• Bedrooms: 8

• Bathrooms: 16

• Waterfront: 290 feet of direct Biscayne Bay frontage

• Amenities: Indoor racquetball court, tennis court, gym, theater, billiards room, 8-car garage, dock, pool, summer kitchen, and entertainment bar

An Icon of Old-World Grandeur and Modern Glamour

Originally built in 1936, the home’s classic architecture embodies the enduring charm of Miami’s Golden Era while embracing the sophistication and technology of contemporary living. Designed for both grand entertaining and private enjoyment, this estate offers an incredible 16,910 square feet of living space, complemented by sweeping terraces, manicured lawns, and breathtaking views from nearly every room.

A double-curved grand staircase with handcrafted wrought-iron railings greets you in the dramatic two-story foyer, setting the tone for the elegance that unfolds throughout. The home’s layout blends formal and informal spaces seamlessly — with expansive living rooms, multiple dining areas, and a variety of entertainment lounges that make hosting an effortless affair.

Every architectural element has been curated to perfection: high coffered ceilings, custom millwork, arched doorways, and polished marble floors create a setting that is both stately and welcoming. Large glass doors and picture windows flood the interiors with natural light and open effortlessly to terraces overlooking the water.

Entertainment and Wellness — A Private Resort Experience

What truly sets this estate apart is its unrivaled list of amenities — a blend of leisure, sport, and wellness spaces designed to rival those of a world-class resort. The centerpiece of the recreation wing is a rare indoor racquetball court, a one-of-a-kind feature that makes this property truly unique among Miami Beach estates.

In addition, residents will find a state-of-the-art home theater, a billiards room, and a fully equipped entertainment bar, creating endless opportunities for recreation and relaxation without ever leaving home. For fitness enthusiasts, there’s also a private gym and tennis court, providing everything from morning workouts to competitive play — all within the estate’s secure, gated confines.

A Kitchen Designed for Culinary Artistry

The chef’s kitchen is both luxurious and functional, featuring professional-grade appliances, dual islands, stone countertops, and custom cabinetry. The design is perfect for intimate family meals or large catered events, offering an adjoining breakfast area with serene water views and outdoor access.

Whether preparing a simple breakfast or hosting a gala dinner, the kitchen flows naturally into the home’s formal dining space — a room defined by timeless elegance, where glass doors open to a terrace for al-fresco dining beneath the palms.

Private Quarters of Unparalleled Luxury

With eight bedrooms and sixteen bathrooms, the residence easily accommodates family, guests, and staff with comfort and privacy.

The primary suite is an opulent retreat, crowned with a domed ceiling and finished with exquisite detailing. Its layout includes dual spa-inspired bathrooms, expansive walk-in dressing rooms, and private terraces with sweeping bay vistas. From sunrise to sunset, the master wing is a sanctuary designed for tranquility and inspiration.

Each guest suite carries its own distinct design identity, offering ensuite bathrooms, custom closets, and access to balconies or gardens. The attention to detail is evident in every corner — from imported materials to bespoke lighting and art niches.

Outdoor Living: A Waterfront Oasis

Step outside, and the estate unfolds into a private paradise. The grounds are a masterpiece of design and leisure, with an infinity-edge pool serving as the focal point of the backyard. Surrounded by lush tropical landscaping, the pool area features multiple lounging decks, cabanas, and a covered summer kitchen with grill and dining pavilion — perfect for entertaining under the Miami sun.

The home’s private dock provides direct access to Biscayne Bay, ideal for yacht owners and water enthusiasts. With 290 feet of pristine waterfrontage, the estate offers one of the largest and most impressive private docks in Miami Beach.

An eight-car garage complements the property’s lavish scale, ensuring ample space for automotive collectors or guests. The estate’s grand circular driveway, lined with mature palms and manicured hedges, provides both dramatic curb appeal and discreet privacy.

Architecture That Marries Heritage and Innovation

The home’s architectural design bridges eras — honoring its 1930s heritage while incorporating cutting-edge modern amenities. Every renovation and expansion has been undertaken with precision to maintain the property’s historic essence while elevating it to meet the expectations of today’s most discerning homeowners.

The result is a seamless blend of Mediterranean Revival architecture and modern resort-inspired luxury, offering grandeur without sacrificing comfort. Vaulted ceilings, arched windows, and warm stucco exteriors pay homage to Miami’s architectural golden age, while advanced lighting, security, and automation systems ensure effortless living.

The Neighborhood: Billionaire’s Row, North Bay Road

Few addresses in America carry the cachet of North Bay Road — a stretch of Miami Beach known globally as “Billionaire’s Row.” The neighborhood is synonymous with prestige, discretion, and breathtaking views. Many of the world’s most prominent business leaders, entertainers, and entrepreneurs call this exclusive enclave home.

Despite its tranquility and privacy, the estate offers quick access to Miami’s cultural and entertainment hubs. The famed Lincoln Road, South Beach, and Bal Harbour Shops are all within minutes, while private airports and marinas make global travel effortless. It’s a location that offers the perfect balance of serenity and sophistication.

A Lifestyle Beyond Compare

Living in this estate is not merely about owning a property — it’s about embracing a lifestyle defined by exclusivity, comfort, and artistry. Each element, from the handcrafted staircases to the indoor racquetball court, reflects a commitment to excellence and individuality. The scale of the estate allows residents to host lavish gatherings, yet the thoughtful design ensures that it remains equally welcoming for intimate family moments.

The leasing option at $495,000 per month presents a rare opportunity for those seeking a temporary stay in Miami Beach’s most coveted setting — with every piece of designer furniture, art, and amenity included.

A Once-in-a-Generation Offering

Opportunities like this come along rarely — a historic estate that captures the essence of old-world craftsmanship while delivering every contemporary luxury imaginable. From its commanding presence on Billionaire’s Row to its indoor racquetball court and resort-style amenities, this Miami Beach residence defines what it means to live exceptionally.

For those who demand nothing less than perfection, this is more than a home — it’s a legacy estate designed to stand the test of time. Whether you choose to own it or lease it, this property represents the pinnacle of waterfront living in Miami Beach and one of the most extraordinary residences ever offered in the Sunshine State.