Sunbeam’s Andy Ansin Buys Waterfront Miami Beach Home

May 23, 2023 Admin

UPDATED, May 23, 3:45 p.m.:

Developer Andy Ansin bought another waterfront home in Normandy Shores, one island away from North Bay Village, where his company plans a mixed-use mega project.

Ansin, president and CEO of Sunbeam Properties and part of the billionaire Ansin family, paid $7.7 million for the roughly 4,000-square-foot house at 945 North Shore Drive in Miami Beach. Records show Andshore LLC, led by Gianmaria Francesco Buccellati, Lucrezia Wildenstein and Andrea Buccellati, sold the 0.3-acre property.

The home, which has been gutted, could be a teardown, according to images of the property and the listing description. It has 85 feet of water frontage.

945 North Shore Drive (Courtesy of Julian Johnston)

Julian Johnston of the Corcoran Group represented the seller. Jeffrey Moore with Sterling Equity Realty brought the buyer, according to Realtor.com.

It marks at least the third waterfront home that Ansin has purchased in Normandy Shores.

Ansin also owns the house next door at 925 North Shore Drive. He paid $6.7 million for that roughly 3,000-square-foot home in May of last year, giving him about 0.6 acres of contiguous land including the house he just acquired.

An aerial view of 945 North Shore Drive (Courtesy of Julian Johnston)

In November, Ansin paid $10.5 million — a record for Normandy Shores — for the teardown at 1125 North Shore Drive, on the same street as his other acquisitions. Douglas Elliman agent Brett Harris and broker Kevin Brill of KMB Enterprises flipped the house to him a year after buying it for $5.5 million.

Ansin could redevelop the home sites for CEOs and owners of companies that relocate or expand their firms to his North Bay Village project. Employees of companies with offices at his development could live in the multifamily buildings, he said.

“The overall thought is that it kind of works in conjunction with our North Bay Village development plans so we can provide a one-stop shop,” Ansin said.

Normandy Shores is just east of North Bay Village, which has attracted developers ever since city officials approved a zoning code overhaul in 2020.

Sunbeam plans a phased development north and south of the 79th Street Causeway, which cuts through the three-island town, with residential, office and hotel components. In October, the village commission approved a height increase that allows up to 650 feet on the north side of the causeway, where heights were previously capped at 340 feet; and up to 450 feet on the south side, where heights were previously capped at 240 feet. Sunbeam has assembled 13 acres in the town, where Sunbeam’s parent company, Sunbeam Television, owns WSVN-Channel 7.

Ansin said earlier this month that he and his team are working on drawings for the project and will submit their plans to the village within two years of the commission’s approval. The first phase calls for a 500-unit apartment building with a small grocery store, and restaurants and retail along the water.

Jesta Group scored approval earlier this year for its planned 30-story multifamily and hotel project on the site of popular Shuckers Waterfront Grill in North Bay Village.

Shoma Group plans Shoma Bay, a 327-unit, 21-story condo tower at 1850 79th Street Causeway. The development firm launched condo sales in September.

Pacific & Orient Properties broke ground in February on a 21-story, 54-unit condo building called 7918 West Drive, which the developer said marks the first condo project to break ground in the village in more than a decade.

Developers are also eying condo buyouts in North Bay Village. New York-based Macklowe Properties is expected to close next week on a $47.7 million purchase of the 3-acre Biscayne Sea Club co-op at 8000, 8010 and 8020 East Drive. Macklowe could also be assembling more land nearby.

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