Tech Honcho Buys $40 Million North Bay Road Estate
A landmark deal on Miami Beach’s North Bay Road that just closed for $40 million. The buyers are Daniel Nutkis, Founder and CEO of HITRUST and his wife, Marcella Raneri, professional choreographer and dancer. Per public record, the seller is 3080 N BAY RD LLC.
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Chad Carroll with The Chad Carroll Group at Compass represented both sides of the transaction.
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“This sale is another strong indicator of the continued strength of Miami Beach’s ultra-luxury market, where quality inventory is increasingly scarce, especially in prime locations like North Bay Road,” said Carroll.
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3080 North Bay is a modern, two-story waterfront estate masterfully designed by renowned architect Ralph Choeff of Cheoff Levy Fischman. Showcasing sweeping open bay views and striking downtown vistas, the 7 bedrooms, 7 bathrooms estate spans 9,442-square feet of interiors, situated on a 20,500-square waterfront foot lot along the prestigious and highly coveted North Bay Road.
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The property will undergo a multi-million-dollar renovation— with the vision of Daniel Nutkis and Marcella Raneri being brought to life by Troy Dean Home, longtime collaborators and trusted design partners of Nutkis. The firm will lead the complete transformation of the estate overseeing bespoke interior design, full-scale construction, exterior landscaping, and comprehensive project management, delivering the elevated, tailored experience Troy Dean Home is known for.
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