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Monday, 09 December 2019
Agent Resource Center
Agent Resource Center

Coldwell Banker’s The Jills Zeder Group Closes on Oversized Vacant Waterfront Lot at 5830–5840 North Bay Road in Miami Beach for $13.5 Million

Written by Posted On Monday, 30 September 2019 13:22

The Jills Zeder Group (effective March 7, 2019) closed on the oversized vacant lot at 5830–5840 North Bay Road in Miami Beach for $13.5 million. Offering 36,143 square feet and 200 linear feet of deep water frontage, the vacant lot is a rare find on prestigious North Bay Road. Julian Cohen of The Jills Zeder Group represented the buyer, and is also a co-developer of a new estate that will be situated on the lot.  

5830NBR LLC, with Felix Cohen (Julian Cohen’s father) as a manager, purchased the property. Felix Cohen served as the co-developer of 3 Indian Creek ― the record-breaking highest-priced home ever sold in Miami-Dade County ― at $47 million in 2012. This sale revolutionized the high-end market in 2012.

The lot, offering breathtaking, unobstructed panoramic views of Biscayne Bay, the downtown Miami skyline and gorgeous sunsets, is situated within one of the hottest luxury real estate markets in Miami.

Julian Cohen initially joined what is now The Jills Zeder Group in October 2011. He is a top producer with Coldwell Banker and has closed numerous record-breaking sales in luxury condominiums and single family homes.

Quotes:

“This is a very special property on one of the most exclusive streets in Miami, and we are thrilled to be selling it for the second time,” said Jill Eber of The Jills Zeder Group. “I know Felix Cohen, along with Julian, will deliver another residential masterpiece.”

In my line of business, I see a lot of special properties in the best parts of our beautiful city,” said Julian Cohen of The Jills Zeder Group. “This piece of land is exceptional! I am so excited to be part of this truly inspiring project.”

"Julian and I have been looking for a property of this quality for a very long time,” said Felix Cohen. “The full downtown, wide-bay view and extra-large sized lot on the best block of North Bay Road make this property exceptional.

“Our experience and analysis of the latest sales have shown us that today, more than ever, there is a market for the ultra-high-end residential home,” he continued. “We are not looking to build a contemporary McMansion, but rather something never yet seen in Miami Beach. The magnitude of the lot will allow us to create a dream home oasis surrounded by nature and water. We believe that garden and extra natural space are the essence of true luxury.”

About The Jills Zeder Group

The Jills Zeder Group, affiliated with Coldwell Banker Residential Real Estate, is comprised of three families, all of which are major players in the luxury residential real estate business. These families include Jill Hertzberg , Jill Eber and Felise Eber; and Hertzberg’s children Danny Hertzberg and Hillary Hertzberg; and Judy Zeder and her children, Nathan Zeder and Kara Zeder Rosen. Prior to The Jills Zeder Group’s formation in 2019, the families closed a combined total of more than $5 billion (numbers provided by prior brokerages for TheJills.com and AllMiamiRealEstate.com) in real estate sales, including collaborating on multiple luxury sales in the Coral Gables market. With offices in Miami Beach and Coral Gables, The Jills Zeder Group specializes in high-end, multi-million-dollar luxury properties in South Florida’s most elite enclaves, representing celebrities, Fortune 500 executives, and a diverse international clientele. They offer incomparable knowledge and services to luxury real estate clients. For more information and to contact The Jills Zeder Group, visit JillsZeder.com (effective March 7, 2019).

About Coldwell Banker Residential Real Estate and Coldwell Banker Global Luxury

Coldwell Banker Global Luxury and the Coldwell Banker Global Luxury logo are service marks owned by Coldwell Banker Real Estate LLC. Coldwell Banker Residential Real Estate is a leading full-service residential real estate brokerage company with approximately 72 offices and nearly 5,500 affiliated agents serving Central Florida, Flagler, Brevard, Palm Beach, Southeast and Southwest Florida, Tampa Bay and the Panhandle. Coldwell Banker Residential Real Estate is part of NRT LLC, the nation's largest residential real estate brokerage company in sales volume. For more information, visit ColdwellBankerHomes.com.

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