Barneys Branded Residence on North Bay Road Sells for $40 Million
A landmark transaction has once again placed Miami Beach’s North Bay Road at the epicenter of ultra-luxury real estate. The exclusive off-market sale of 5970 North Bay Road, a meticulously curated waterfront estate, has closed at an astounding $40 million. Developed by the Salter family, owners of Authentic Brands Group—whose portfolio includes icons like Reebok, Juicy Couture, and David Beckham—the estate is a masterclass in bespoke luxury.
A High-Profile Transaction
Represented by Cyril Matz of Douglas Elliman, the seller found a formidable buyer in Anand Khubani, the multimillionaire founder and CEO of Ideavillage Products. Khubani, no stranger to South Florida’s elite real estate scene, made headlines last year with a staggering $100 million purchase of a La Gorce Island assemblage. This latest acquisition, brokered by Evan Weiss of 305 Degrees Realty, further cements his status among Miami’s most influential homeowners.
Credit: Kobi Karp
The Future of Barneys New York Home
The estate itself is a first glimpse into the forthcoming Barneys New York Home collection, set to launch later this year under the creative direction of Slim Keskes. Designed with uncompromising attention to detail, the residence seamlessly blends timeless sophistication with cutting-edge modernity. Architectural mastery by Kobi Karp enhances the estate’s presence on its expansive 30,800-square-foot lot, featuring an enviable 100 feet of prime water frontage.
Credit: Kobi Karp
A Home Beyond Compare
“This property was built as a custom home, not a spec home, meaning every material and finish is of the highest possible level. No corners were cut,” remarked Cyril Matz of Douglas Elliman. “Inventory is extremely limited on North Bay Road, and this was the only brand-new construction of this caliber—turnkey and never lived in—available. The location’s prestige, estate-sized lots, and breathtaking waterfront views make it one of the most sought-after addresses in Miami Beach.”
Spanning an impressive 14,520 square feet of exquisitely designed interiors, the estate boasts six opulent bedrooms, two staff quarters, a dedicated home office, and a state-of-the-art movie theatre. Elevating the concept of wellness, the residence also features a full wellness center complete with a spa, sauna, steam room, cold plunge, and hot bath. Wine enthusiasts will revel in the sophisticated wine room, while a game room and a rooftop terrace accessible via elevator add layers of indulgence.
Slim Keskes
Unrivaled Outdoor Living
The exterior spaces are equally breathtaking, offering two spectacular pools—one waterfront-facing and another positioned on the second floor for a dramatic sunrise experience. Every inch of the property was conceived with both grandeur and comfort in mind, sold fully furnished and accessorized to complement its exceptional architectural pedigree.
This sale not only underscores the ever-growing demand for North Bay Road’s ultra-luxury estates but also sets a new benchmark for Miami’s high-end real estate market. With Barneys New York Home poised to make its grand debut, this estate serves as a stunning preview of what’s to come in the world of exclusive, high-design living.
Slim Keskes
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