Venture capitalist Christopher Burch seeks a buyer for his luxe Miami Beach estate, listing the renovated North Bay Road waterfront for $49 million. Burch paid $14.2 million in 2020 for the 1936-built manse, set on a sprawling 0.7 acre lot with 140 feet of shoreline.
Co-founder of ex-wife Tory Burch’s billion-dollar fashion empire, Burch did major work on the home during his brief tenure, installing a sauna and spa amenities along the pool. The 7,000 square foot main residence holds four bedrooms, complemented by a two-bedroom guest house. Interior spaces marry vintage architecture with contemporary finishings.
For Burch, the planned sale caps busy Miami real estate activity, which includes selling a Pine Tree Drive lot in 2019. The elaborately updated compound is poised to set a new neighborhood record.
Burch’s apparent knack for maximizing luxury home profits mirrors his winning investment touch; BurchCreative Capital seeded numerous successes. This mammoth potential flip follows suit.