Living at the water’s edge continues to peak the interest of luxury buyers from around the world.

Recently a 16-acre waterfront property hit the market in Miami. The price—an astounding $225 million.

The parcel, located in Bal Harbour and currently the home to the Bal Harbour Beach Club, is considered to be the last developable oceanfront site in the area.

Zoned for 300-plus condominiums, the property is certain to catch the eye of hoteliers, developers and investors alike.

Thorpe Sotheby’s International Realty is handling the listing. For more information on this amazing property, please visit www.thebalharbourbeachclub.com/index.html.

—Robert Burke

Raising the Roof highlighted this great property. Check out the post here: Raising the Roof