Tory Burch co-founder is Miami Beach’s Newest Resident
J. Christopher Burch, the co-founder of the fashion label Tory Burch and the founder and CEO of Burch Creative Capital, will shortly call Miami home. That’s because he just bought a new residence in Miami Beach at 5050 N. Bay Road for $14.2 million.
The 10,389 square-foot waterfront home has seven bedrooms, ten bathrooms, and one half-bathroom. The house faces Biscayne Bay with a 139-foot water frontage and dock.
Fabio Lopes, from Coldwell Banker Realty, represented Burch and Douglas Elliman Senior Director of Luxury Sales in South Florida, Chad Carroll, and Realtor Associate Mariana Trentini represented the seller.
Burch bought the home to use as his primary residence, according to Lopes.
The home was sold at $1,366 per square foot, less than what the seller bought for in 2014. The seller named SPN Florida LLC in property records purchased the home for $17.975 million.