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Josh Flagg Lists Miami Beach Home for $10 Million
Josh Flagg is looking to score a massive return on a Miami Beach investment ... 'cause TMZ has learned the "Million Dollar Listing Los Angeles" alum has put a luxury North Bay Road residence on the market for nearly $10 Million after acquiring it…
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It's hard to reconcile the $10 million price tag with the fact that the home has been sitting on the market since 2021; surely the market dynamics in Miami Beach have shifted enough that a fresh listing strategy is warranted.
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I'm curious to know what renovations Flagg made to the property since it's listed at $10 million, as that seems significantly higher than typical listings for similar-sized beachfront units in that area.
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Given that the property is listed at $10 million but the neighborhood's median sales price sits much lower, I'm curious if the high asking price reflects the unique architectural details of the historic home or if it's a strategic play to filter out serious buyers.
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It seems odd that a house in Miami Beach would list for $10 million given the current market slowdown, especially with Josh Flagg's recent legal troubles likely affecting buyer confidence. How long do you think it will stay on the market if he can't provide the usual marketing leverage?