North Bay Road home first hit the market in 2014 for $21M
A prominent attorney just closed on a waterfront mansion in Miami Beach.
Property records show civil trial lawyer Stephen N. Zack of Boies Schiller Flexner LLP paid $8.55 million for the six-bedroom, 8,100-square-foot home at 5310 North Bay Road. Unique Melo Holdings Inc., led by Priscilla Nogueira Alves Melo, sold the property.
Zack was the youngest person and first Hispanic lawyer to lead the American Bar Association as president, according to his company bio.
His new Miami Beach estate features a home theater, a 5,000-bottle wine room, pool and Jacuzzi. It was built in 1950 and has been renovated since then. The property last traded hands for $9.1 million in 2010, which means it just sold at a slight loss.
Douglas Elliman’s Darin Tansey and Brett Harris were the listing agents. One Sotheby’s International Realty’s Robert Evangelista brought the buyer, according to Realtor.com.
The home has been on and off the market since 2014, when it was first listed for a whopping $21 million. The property was reduced to nearly $11 million in September.
In January, J. Crew Chairman Mickey Drexler paid $13.7 million for the waterfront property next to his at 4462 North Bay Road. That too sold for a big discount off of its original $25 million price tag.