Inside 5940 North Bay Road, the city’s priciest $169 million listing, on Billionaire's Row
- Jake Nicholas
- 2 days ago
- 2 min read
The $169 Million Estate Set along the iconic North Bay Road—Miami Beach’s “Billionaire’s Row” — 5940 North Bay Road has emerged as the city’s most talked-about real estate offering, commanding a breathtaking $169 million asking price. Originally built in 1936 and thoughtfully expanded into a sprawling 22,000-square-foot compound with nine bedrooms, 15 full baths, and four powder rooms, the property is a masterclass in historic elegance meets modern luxury. Developer Todd Michael Glaser, who recently sold another trophy asset in Palm Beach for $152M, is the seller.
The listing is being handled by Bespoke Real Estate’s Zachary Vichinsky and Brett Harris, who share the co-exclusive representation with Nelson Gonzalez. Brett Harris Founding Portfolio Manager Bespoke Real estate in Miami"This is truly a once-in-a-lifetime opportunity to own the largest property on North Bay Road, one of Miami’s most iconic and prestigious waterfront addresses."
"This is truly a once-in-a-lifetime opportunity to own the largest property on North Bay Road, one of Miami’s most iconic and prestigious waterfront addresses." — Brett Harris Founding Portfolio Manager Bespoke Real estate in Miami
"This $169M estate is a landmark moment for Miami Beach, underscoring both the global demand for rare waterfront properties and Bespoke’s role in representing the market’s most significant listings. Following our $100M+ sale at 18 La Gorce, this offering further cements Miami Beach as a global destination for record-setting estates and highlights Bespoke’s ability to deliver at the very top of the market." — Zachary Vichinsky - Founding Partner and CEO of Bespoke Real Estate
Once inside, the estate lives up to its reputation. A grand double-height foyer with twin staircases leads to formal living and dining rooms, a family room with entertainment bar, billiards room, screening room, and a sun-drenched conservatory—all offering sweeping views of Biscayne Bay. The main suite serves as a sanctuary of sophistication, with vaulted ceilings, terrace access, dual dressing rooms, a spa-style bath, and a morning bar. Outdoor amenities are nothing short of resort-worthy: a tennis court, racquetball court, pavilion, pool with house, summer kitchen, and a private dock complete the picture of waterfront grandeur.
What elevates this listing beyond its physical assets is who’s listing it—Bespoke Real Estate, the first-ever brokerage wholly dedicated to the $10M+ market. Founded in 2014, Bespoke has disrupted the traditional brokerage model with a direct-to-client approach—no franchises, no independent agents—offering a deeply personalized, resource-rich experience under one roof.
Bespoke brings unmatched expertise to the ultra-high-end segment, supported by a sophisticated in-house marketing engine—Bespoke Luxury Marketing—and a proprietary data and wealth-intelligence division. So far, they've facilitated over $9 billion in $10M+ sales, with an average deal size north of $27 million.
Michael Cantwell, Founding Partner and CMO of Bespoke Real Estate, highlights that this offering stands out because of the rare expansive acreage and waterfrontage on one of Miami’s most pedigreed streets.
