A just-finished waterfront spec home inside Miami’s gated Bay Point enclave has traded for about $27.25 million, the priciest sale east of the 4500 block of Biscayne Boulevard so far this year. The modern six-bedroom at 790 Lake Road closed on July 3, 2026, with a private dock on Sabal Lake, a wraparound infinity pool and a rooftop terrace. In a market where plenty of luxury listings are lingering, the deal is a reminder that privacy and turnkey finishes are still commanding serious premiums in South Florida.
What the house offers
The 6,361-square-foot residence, completed in 2023, sits on a private cul-de-sac and was marketed fully furnished. Listing and public-record data show six bedrooms, 7.5 bathrooms, an elevator, a 400-bottle wine cellar, an outdoor summer kitchen and direct bay access from a private dock, with the roughly $4,284-per-square-foot sale price tallied by Redfin. The official listing also bills the property as Bay Point’s only rooftop-terrace home, offering panoramic views of the bay and Miami skyline, according to Coldwell Banker.
Deal details and brokers
Douglas Elliman agent Cyril Matz represented the buyer, who relocated to Miami from the West Coast, although Matz kept the buyer’s name under wraps, according to the Miami Herald. On the other side of the table, Ana Teresa Rodriguez of ATR Luxury Homes Group at Coldwell Banker handled the listing. Records and reporting show the seller bought the lot in 2012 for about $1.9 million and wrapped construction on the current house in 2023. The property first hit the market at $32 million before the price was cut and the deal ultimately closed in early July.
Bay Point’s pricey streak
This latest trade extends Bay Point’s recent hot streak for trophy waterfront real estate. Earlier this year, another Bay Point mansion sold for $85 million, setting a new record for the neighborhood, as reported by the South Florida Business Journal. The gated community has also drawn deep-pocketed local players; Adonel Concrete CEO Luis García unloaded a Bay Point waterfront home for about $38.5 million in 2023, according to The Real Deal.
Why buyers are still paying up
Brokers point to Bay Point’s guarded entrance, private streets and fast access to both the Design District and downtown as a key draw for buyers chasing waterfront living without the barrier-island buzz, according to the Miami Herald. That mix of privacy, move-in-ready product and central location has kept competition fierce for finished homes, even as other pockets of the Miami market start to cool.
At $27.25 million, the 790 Lake Road sale fits a broader pattern: luxury buyers are willing to pay up when prime lots and coveted water access come paired with fresh construction and ready-to-go amenities. Listing agents said the deal sets a record canal-front price per square foot in Bay Point and keeps the neighborhood’s ultra high end firmly in the spotlight.
