The waterfront estate hit market for $34.9M in January
The family of a late hospital developer and bingo magnate sold a waterfront teardown on Miami Beach’s North Bay Road for $22 million.
Records show Laurie Moskowitz Hirsch sold her late parents’ house at 4744 North Bay Road to the Haywood Associates 8568 Property Group Land Trust, with attorney Andrew J. Haas signing on behalf of the buyer. The true buyer is unknown.
The house is next door to the waterfront spec mansion David and Victoria Beckham bought for a record $72.3 million in October.
Marko Gojanovic and Reid Heidenry with ONE Sotheby’s International Realty brought the buyer for the 744 North Bay Road listing.
“North Bay Road is one of Miami’s most exclusive and sought-after neighborhood with big-name owners, and eye-popping priced real estate. With lot sizes ranging from 13,000 to 100,000 square feet and 100 linear feet of waterfront.” – Marko Gojanovic
“North Bay Road has long been a popular spot for buying waterfront homes in #MiamiBeach. One of the main attractions is the spectacular views, both the skyline and stunning sunsets. With its expansive open water, it’s also ideal for boating.” Reid Heidenry
Hirsch is the daughter of Irving and Cherna Moskowitz, who bought the home for $650,000 in 1980, records show. Irving Moskowitz made a fortune developing hospitals in California, according to a 1996 profile of him by the Los Angeles Times. In 1988, he took over a bingo parlor in Hawaiian Gardens, California, and by 1991 it was bringing in $33 million a year, the Times reported. It allowed him to become a prolific philanthropist, and his cause of choice was Israel’s pro-settlement right wing movement. A 1997 Time profile of Moskowitz called him “arguably the most pivotal player in the Middle East at the moment,” for his role in funding pro-settlement efforts.
Irving Moskowitz died in 2016, and Cherna Moskowitz died in August, according to her obituary.
The couple’s home was built on half an acre in 1929, and spans 7,800 square feet, with seven bedrooms, six bathrooms, one half-bathroom, a pool and 100 feet of waterfront, records and the listing show.
It hit the market in January for $34.9 million, selling for a $12.9 million discount, Zillow shows.
It marks the latest North Bay Road teardown to sell in recent weeks. Spec home developer Todd Glaser is in contract to buy a 2.3-acre estate for $105 million, and plans to either renovate it or tear it down and build a $300 million spec mansion. Earlier this month, developer Andres Isaias bought a waterfront teardown for $17 million. Last month, spec developer Philippe Harari’s AquaBlue Group bought another waterfront teardown for $17.5 million. In February, a longtime resident sold her waterfront property for $25.5 million.
