Miami Beach’s most expansive oceanfront property is back on sale this month for $169 million after selling for $105 million earlier this year, according to Realtor.com.
Real estate developer Todd Michael Glaser bought the 2.34-acre property in July with plans to transform it into a quarter-billion-dollar megamansion or flip it for profit, the outlet reported. The estate topped Realtor.com’s weekly list of the nation’s most expensive homes, which includes three other South Florida properties.
The eight-bedroom, 13-bath, 16,900-square-foot home at 5490 N Bay Rd. on 2.34 acres features deep-water access to Biscayne Bay. The 1936-built home is priced at a whopping $9,994 per square foot…