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Joseph Imbesi

The $65 Million Former Site of the Bal Harbour Yacht Club Goes Under Contract, Could Set Record

A spectacular piece of land jutting out into the Bal Harbour Marina, which was the location of the Bal Harbour Yacht Club and was listed less than four months ago for a whopping $65 million, is apparently under contract, according to a note on the website of its broker, Douglas Elliman. Although the pending sale is not yet being promoted by either the P.R. teams of Elliman, seller's agent Tony Imbesi, or the seller himself (and Tony's dad) Joseph Imbesi, if the listing price was achieved, it will be the newest record for the highest-priced single-family residential sale ever in Miami-Dade County.

The “Billion Dollar Loser” of WeWork, Adam Newmann, Has Bought Two Bal Harbour Properties for $44 Million

Adam Newmann, the long-haired, Kabbalah-following, enigmatic, and egotistical false prophet of WeWork, who was ousted from the company with a severance package that made him a billionaire, has just bought two prime pieces of Bal Harbour real estate for $44 million. Located next to the $65 million peninsula of land where the Bal Harbour Yacht Club used to be, these two properties were purchased from the same investor, Joseph Imbesi, who is parceling off the grand old club's formal landholdings and carefully selling them off.

Former Site of the Bal Harbour Yacht Club Lists for a Whopping $65 Million

Sadly demolished, the Bal Harbour Yacht Club was a magnificent piece of subtropical modern architecture designed by seminal South Florida architect Alfred Browning Parker, in the heart of the exclusive community of Bal Harbour, Florida. Its just-as-magnificent peninsula site survives, with water on three sides and the underwater rights to the lagoon which that peninsula creates, and is now for sale as a private home site for a whopping $65 million.