The Salter family, owners of Authentic Brands Group, which controls iconic brands like Reebok, Juicy Couture, and David Beckham, has sold their newly constructed Miami Beach home for a staggering $40 million. The buyer, Anand Khubani, the CEO and founder of Ideavillage Products, adds this luxurious property to his growing real estate portfolio.
A Home Built for Luxury and Style
Located at 5970 North Bay Road, the custom-designed mansion was created with one purpose in mind: to showcase Authentic Luxury Group’s upcoming Barneys New York Home collection, set to launch later this year. The home’s design, led by Slim Keskes, the creative director of Barneys Home, and renowned architect Kobi Karp, is the epitome of high-end living.
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The 30,800-square-foot lot offers 100 feet of waterfront along Miami Beach, making it an exceptional location for seamless indoor-outdoor living. The home is built with an emphasis on elegance, integrating spaciousness and modernity.
Exceptional Features and Design
Spanning 14,520 square feet, the property includes six bedrooms, two staff rooms, a home office, and a private movie theater. It also boasts luxurious amenities such as a wellness center, wine room, game room, and a rooftop terrace with elevator access.
Outside, the home’s two pools make a statement. One pool faces the water, providing breathtaking views of Biscayne Bay, while the second pool, located on the second floor, offers a serene view of the eastern horizon.
A Custom-Built Masterpiece
What truly sets this home apart is its custom construction. Listing agent Cyril Matz from Douglas Elliman explained that the property was built to the highest standards, with no corners cut. Matz emphasized that there is limited inventory on North Bay Road, and this property is the only one of its kind: brand-new, turnkey, and never lived in before.
Khubani’s Growing Portfolio
Khubani’s acquisition of this stunning property follows his $100 million purchase of a La Gorce Island property the previous year. This latest purchase adds yet another prestigious asset to his already impressive real estate portfolio. The deal highlights how Miami Beach continues to attract high-profile buyers, showcasing the area’s status as a premier destination for luxury living.
Miami Beach’s Continued Appeal
This sale underscores the growing trend of blending luxury living with designer brands, as seen in the connection to Barneys New York. The deal also highlights the ever-increasing demand for top-tier real estate in Miami Beach, solidifying the area’s reputation as a prime location for the world’s most discerning buyers.
As the Salter family moves on from this exceptional property, Miami Beach’s allure as a luxury real estate market continues to strengthen, drawing in buyers like Khubani who seek unparalleled elegance and exclusivity.