WRE News: The $1.7 Billion Road: Inside Miami’s Most Exclusive Neighborhood

Miami Beach, FL – April 1, 2025 – Miami’s North Bay Road has become the most exclusive stretch of real estate in the city, with homes collectively worth over $1.7 billion—and many owners refusing to sell at any price.

Attorney Robert Zarco, who bought his estate for $3 million two decades ago, has turned down offers exceeding $100 million, saying he can’t replicate the lifestyle the waterfront property offers.

Since the pandemic, North Bay Road has seen an influx of ultra-wealthy buyers, with over $1.19 billion in transactions, including multiple $20 million-plus sales. The area’s appeal lies in its prime location, luxury amenities, and a tight-knit community of high-profile residents, from hedge-fund managers to Hollywood directors.

Despite skyrocketing prices and aggressive offers, many homeowners, like Zarco, say they’d rather enjoy their sunset views than cash out.