Real estate investor Joseph Imbesi has listed the former site of the Bal Harbour Yacht Club for $65 million. Imbesi purchased the shares of the Bal Harbour Club in the 1990s for $19,000,000. The Bal Harbour Club owned 5.5 acres on the beach, where Oceana Bal Harbour is now located and 10 acres on the bay, where the $65 million lot of land sits. The properties were owned by the proprietary members of the club and they wanted to sell so Imbesi bought all of the individual shares to gain control of the company and the assets that it owned.

The 80,040 square foot lot of land was never meant to be a home site when Imbesi purchased the land in the 1990s but he worked with the city for the past few years and got the entitlements to convert the property into a home site and they finally got approved. This particular lot is the most special piece of the 1990s purchase, it is where the Bal Harbour Yacht Club building, designed by Alfred Browning Parker, once stood. It took Imbesi many years of working with the city to reposition this property into the future site of what will be the most special home in South Florida.

The property is a peninsula with water on three sides and also features 200 feet of road frontage. It comes with 7 boat slips on the inside of the protected waterway where the buyer will have the riparian rights to build new docks or helipad. Land under water on inside of marina is privately owned so you have the ability to do something creative that extends far off of the seawall.

The property is now listed for $65,000,000 with Tony Imbesi of Douglas Elliman.

For more information about the home site at Bal Harbour Yacht Club, private showings or purchasing/ leasing information please fill out the form below: