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.

Beating out the penthouse at Faena House, which sold for $60 million in 2015, the 80,000+ square foot lot contains 915 feet of seawall, exposures on three sides allowing spectacular views, the marina docks attached to the lot, and the riparian rights to the water inside the marina. Although there was once a beautiful subtropical modern clubhouse designed by famed Miami architect Alfred Browning Parker located on the site, it was demolished by the senior Imbesi after purchasing the club and its assets in 1990. The new owner, as well as the final sale price, are still a mystery.

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