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Phil Collins Buys Miami Beach Manse $33M

Phil Collins picks up J. Lo’s former Miami Beach manse for $33M

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

5800 North Bay Road and Phil Collins

Singer-songwriter Phil Collins is the new owner of Jennifer Lopez’s former North Bay Road manse, paying a whopping $33 million for the property. 

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.

- See more at: http://therealdeal.com/miami/blog/2015/06/16/phil-collins-picks-up-jlos-former-miami-beach-manse-for-33m/?utm_source=rss&utm_medium=rss&utm_campaign=phil-collins-picks-up-jlos-former-miami-beach-manse-for-33m#sthash.mZwDUGiK.dpuf



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