Record $27M Mansion Sale with Bay Point’s Only Rooftop Terrace

The sale of Casa Moderne marks the highest canal-front transaction in Bay Point’s history and the community’s most expensive residential sale of the year.

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Miami’s luxury residential market continues to demonstrate that exceptional addresses command exceptional value. The latest example comes from Bay Point, where the sale of Casa Moderne at 790 Lake Road has set a new benchmark for one of the city’s most exclusive gated communities.

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The residence closed for $27.25 million, establishing the highest canal-front sale ever recorded in Bay Point and the community’s highest residential transaction of the year.

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According to public records, the buyer was represented by Cyril Matz of Douglas Elliman, while the seller, concrete mogul Luis Garcia, was represented by Ana Teresa Rodriguez of ATR Luxury Homes at Coldwell Banker Realty.

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More than a record-breaking transaction, the sale reflects the continued demand for waterfront properties offering privacy, architectural distinction, and turnkey luxury in one of Miami’s most established residential enclaves.

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Positioned on a private cul-de-sac, Casa Moderne spans 6,361 square feet and was delivered fully furnished, offering a move-in-ready experience. The residence features six bedrooms, seven-and-a-half bathrooms, an elevator, a climate-controlled garage, and interiors curated with furnishings by Minotti and Fendi, complemented by bespoke marble, leather, and wood millwork throughout.

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Floor-to-ceiling impact glass fills the home with natural light, while the chef’s kitchen is equipped with premium appliances and a 400-bottle wine cellar. Outdoors, the property offers a summer kitchen, an infinity-edge wraparound pool with spa, a private dock with a new seawall and direct access to Biscayne Bay.

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Among its most distinctive features is a 1,795-square-foot rooftop terrace offering uninterrupted 360-degree views of the bay and the Miami skyline—the only rooftop terrace of its kind within Bay Point.

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The sale also reinforces the enduring appeal of Bay Point itself. Known for its privacy, security, and limited inventory, the gated waterfront community has long attracted entrepreneurs, athletes, entertainers, and business leaders seeking a discreet residential setting just minutes from the Design District, Wynwood, Downtown Miami, and Miami Beach.

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Over the years, Bay Point has been home to notable residents including Enrique Iglesias, Anna Kournikova, Sophie Turner, Joe Jonas, Alex Rodriguez, Willy Chirino, and Livan Hernández, further solidifying its reputation as one of South Florida’s most coveted residential addresses.

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As Miami’s ultra-luxury market continues to mature, transactions like this increasingly reflect more than the value of an individual residence. They underscore the premium buyers continue to place on irreplaceable locations, waterfront access, architectural quality, and communities where opportunities remain exceptionally scarce.

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With the record-setting sale of Casa Moderne, Bay Point once again reinforces its position among Miami’s most desirable luxury neighborhoods where exclusivity continues to translate into lasting value.

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