Lopez sold the property in 2005 to healthcare exec Mark Gainor for $13.9M
June 16, 2015 11:35AM By Katherine Kallergis
5800 North Bay Road and Phil Collins
Healthcare executive Mark Gainor and his wife were the sellers of the waterfront Miami Beach estate at 5800 North Bay Road, according to EWM/Christie’s International Real Estate. EWM’s Nelson Gonzalez represented the couple. Mathieu Rochette of Barclay’s Real Estate Group represented the buyer.
Lopez initially sold the 1.2-acre property in 2005 to Gainor for $13.9 million, according to Miami-Dade property records. Collins closed on the sale on Monday, the Wall Street Journal first reported.
The 12,153-square-foot mansion includes seven bedrooms, eight full baths, three half-baths, a pool and Jacuzzi. It was built in 1929 and features 200 feet of Biscayne Bay frontage.
“This property has long been a standout in the marketplace … and a sale of this magnitude – surpassing the 30-million-dollar threshold – further demonstrates the draw of Miami Beach to interested buyers from across the United States and around the world,” Gonzalez said in a statement.
Earlier this month, famous fashion designer Calvin Klein listed his waterfront Miami Beach home down the road at 4452 North Bay Road for $16 million.
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