A waterfront residence at 11400 North Bayshore Drive in North Miami sold for $23.999 million on July 27, 2026, a price record for the municipality. Joel Lusky and Shneur Shapira of The Brokerage South Florida represented the seller. William McClain Jr. of The McClain Group represented the buyer.
A waterfront house at 11400 North Bayshore Drive sold for just under $24 million on July 27, 2026, establishing a price record for North Miami. The seller was a company managed by Darren Gerard. The buyer was a trust tied to Kymberly A. Foglia, daughter of the medical products founder Vince Foglia. Joel Lusky and Shneur Shapira of The Brokerage South Florida held the listing, and William McClain Jr. of The McClain Group brought the buyer.
The residence was completed in 2025 and spans approximately 8,100 square feet with seven bedrooms and eight bathrooms. North Miami has historically traded at a substantial discount to the barrier island markets to its south, and a sale approaching $24 million marks a repricing of its waterfront frontage rather than an outlier.
The transaction lands within a July in which South Florida produced eight recorded sales above $20 million across Miami Beach, Palm Beach, Coral Gables, Sunny Isles Beach, Bal Harbour and North Miami.