Developer and television station owner Andy Ansin paid $7.7 million for a waterfront home in Miami Beach’s Normandy Shores, completing a three-property assemblage.
Ansin, president and CEO of Sunbeam Properties and a member of the billionaire Ansin family, spent $22.1 million on the three adjacent homes over more than two years. Normandy Shores is one island away from North Bay Village, where his company plans a mixed-use mega project.
Risa Ruvin sold the 2,500-square-foot, six-bedroom house at 915 North Shore Drive to a trust in Ansin’s name, records show. The house, with four and a half bathrooms and a pool, was built in 1964. Ruvin paid $303,500 for the property in 1988.
It hit the market in October for $8.5 million with Beachfront Realty. Ansin quickly scooped it up.
Ansin told The Real Deal that he could combine the properties into one or two home sites and build larger houses or sell them. He doesn’t expect to acquire additional homes, he added.
Last year, he paid $7.7 million for the roughly 4,000-square-foot house at 945 North Shore Drive. A year earlier, he acquired the home in the center for $6.7 million. The roughly 3,000-square-foot house is at 925 North Shore Drive.
The three contiguous lots total almost an acre.
Also last year, Ansin paid $10.5 million — a record for Normandy Shores — for the waterfront house at 1125 North Shore Drive, on the same street as his other acquisitions.
Ansin’s Sunbeam plans a massive project nearby in North Bay Village. Ansin has said he could redevelop the residential properties 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 that he will build.
Sunbeam’s phased development would be built north and south of the 79th Street Causeway with residential, office and hotel components.
North Bay Village has attracted developers ever since city officials approved a zoning code overhaul in 2020.
In 2022, 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.
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Ansin said his team has been working on drawings and infrastructure permitting. The company will submit plans next year.
The first phase calls for a 500-unit apartment building with a small grocery store, and restaurants and retail along the water.
Other new developments in the village include developer Ian Bruce Eichner’s Continuum-branded luxury condo building planned for 1755 79th Street Causeway with Aksoy Holding, a Turkish conglomerate.