Brett Harris and Kevin Brill with 1125 North Shore Drive
UPDATE, November 9, 12 p.m.: Former Miami Beach Commissioner Jerry Libbin has sold his Normandy Shores waterfront home to two Miami Beach realtors who plan to build a specific mansion.
Libbin and his wife, Raquel, sold the four-bedroom, 4,170-square-foot home at 1125 North Shore Drive to an entity led by Douglas Elliman agent Brett Harris and broker Kevin Brill, the buyers said. It sold for around $5.5 million.
Harris and Brill plan to build a roughly 9,000 square foot mansion on the 0.4 acre property and list it for around $17 million. In the meantime, they plan to renovate the house and rent it out. They also plan to acquire more properties, Brill said.
Harris said the property is Normandy Shores’ last waterfront lot that faces west with more than 100 feet of frontage, while Brill, an investor and broker at his KMB Realty, said it is of the largest land on the island. It has over 105 feet of water frontage.
Sari Libbin with Elliman represented her parents, the vendors. Jerry Libbin, a former commissioner, is president and CEO of the Miami Beach Chamber of Commerce, according to his LinkedIn.
The Libbins paid $308,000 for the property in 1988, records show. It was built in 1950 and expanded over the years.
Brill said he also recently acquired the home at 1000 North Shore Drive for $1.4 million, with plans to rent it out.
Prices on the island of Normandy have increased over the past year. The $6.5 million sale of a waterfront home on Bay Drive in October 2020 set a record for the island, which was broken by the $9.7 million sale of the house under construction at 865 North Shore Drive, according to Harris and Brill.
A number of agents and brokers also bought homes in Miami Beach and throughout South Florida.
In September, Terra developer David Martin sold his Miami Beach waterfront home to his listing agent, Dina Goldentayer, one of Douglas Elliman’s top agents, for $8.9 million. And in October, Elliman’s agent Oliver Lloyd paid $11.2 million for a waterfront teardown on Miami Beach’s Sunset Islands, with plans to build a mansion.
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