Spec developer Francisco Perez, whose business portfolio includes the companies of Francisco Pérez Yoma, sold a waterfront North Bay Road mansion in Miami Beach for $23.3 million after a trio of price cuts this year.
Records show Perez’s N Bay Rd Developments LLC, a Florida entity, sold the house at 5310 North Bay Road to North Bay Road Land Trust.
Danny Hertzberg of the Jills Zeder Group at Coldwell Banker Realty had the listing, and his mother and teammate Jill Hertzberg brought the buyer. She declined to comment on the buyer’s identity.
Perez is a Fort Lauderdale-based spec developer with a track record of investing in Miami Beach. In 2022, he dropped $13 million on a Sunset Islands teardown.
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