The $169 Million Landmark Estate on Miami Beach’s Billionaire’s Row
Set along the iconic North Bay Road, Miami Beach’s famed “Billionaire’s Row,” 5940 North Bay Road has become the city’s most talked-about real estate offering, carrying a headline-grabbing $169 million price tag.
Originally built in 1936 and since expanded into a sprawling 22,000-square-foot compound, the estate blends historic elegance with modern luxury. The property encompasses nine bedrooms, 15 full bathrooms, and four powder rooms, carefully crafted to create a residence that is both grand and livable.
The seller is developer Todd Michael Glaser, known for record-breaking trophy properties, including a recent $152 million Palm Beach sale.
Representing the listing are Bespoke Real Estate’s Zachary Vichinsky and Brett Harris, who hold co-exclusive rights alongside Nelson Gonzalez.
“This is truly a once-in-a-lifetime opportunity to own the largest property on North Bay Road, one of Miami’s most iconic and prestigious waterfront addresses,” said Brett Harris, Founding Portfolio Manager of Bespoke Real Estate in Miami.
“This $169M estate is a landmark moment for Miami Beach, underscoring both the global demand for rare waterfront properties and Bespoke’s role in representing the market’s most significant listings. Following our $100M+ sale at 18 La Gorce, this offering further cements Miami Beach as a global destination for record-setting estates,” added Zachary Vichinsky, Founding Partner and CEO of Bespoke Real Estate.
Inside, the estate lives up to its billing. A double-height foyer with twin staircases opens into a collection of elegant entertaining spaces: formal living and dining rooms, a family lounge with entertainment bar, billiards room, screening room, and a light-filled conservatory—all with sweeping Biscayne Bay views.
The primary suite is a private retreat, complete with vaulted ceilings, terrace access, dual dressing rooms, a spa-inspired bath, and a morning bar.
Resort-style amenities extend outdoors, including a tennis court, racquetball court, pool pavilion, summer kitchen, and private dock, offering the ultimate in waterfront living.
What sets this listing apart is not only the property itself but also the team behind it. Bespoke Real Estate, founded in 2014 as the first brokerage exclusively dedicated to the $10M+ market, has redefined luxury real estate with a direct-to-client model—eschewing franchises and independent agents in favor of a fully integrated, in-house approach.
Through its Bespoke Luxury Marketing platform and proprietary data intelligence division, the firm has executed more than $9 billion in $10M+ transactions, with an average deal size exceeding $27 million.
Michael Cantwell, Founding Partner and CMO of Bespoke Real Estate, notes: “What makes this offering extraordinary is not only the architectural pedigree but the rare acreage and expansive waterfrontage—attributes nearly impossible to replicate on one of Miami’s most prestigious streets.”
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