Waterfront Compound Listed for $185.5 Million Could Become Miami Beach’s Most Expensive Sale Ever

Miami Beach’s most expensive current listing could also become the area’s most expensive sale ever if it actually goes for its current $185.5 million price tag.

Three adjoining lots along Biscayne Bay have been lumped together as one property, spreading across 2 acres with 300 feet of waterfront land and views of the city skyline. The three estates were first listed together for $150 million back in 2023, per a Tuesday, November 10 report in the New York Post, before dropping to $148.5 million in 2025.

Now, the price has increased big time, thanks to new plans to develop one single 30,000-square foot residence to replace the three current homes, according to Mansion Global. The current asking price outpaces Mark Zuckerberg‘s $170 million purchase in nearby Indian Creek earlier this year.

Lead seller Jorge Luis Garcia is working with his neighbors to unload the property, this week revealing his plans for what Mansion Global described as a “Tropical Modern-style mansion” from Choeff Levy Fischman Architecture + Design.

“The design combines long horizontal architectural forms, natural stone and light woods, extensive glazing, water features and tropical landscaping,” Garcia said in a press release.

“Bringing the three properties together created an opportunity that is extraordinarily difficult to replicate in Miami Beach,” he continued. “The architecture had to respond to the width of the property, the waterfront, the views and the level of privacy a buyer at this level is seeking.”

The massive structure would come with an infinity pool featuring a cascading waterfall along the back of the home, floor-to-glass ceilings, and an entire fitness “wing” with massage room, steam room, sauna, and plunge pools.

The 3,262 square foot primary suite, meanwhile, includes a morning kitchen, private hot tub, and separate bathrooms and closets.

The plans also boast a private hair salon, cigar room, movie theater, game room, show garage, additional terraces, a grassy lawn, dock, firepit and a giant rooftop deck.

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