Developer Todd Michael Glaser Is Buying A Miami Beach Property For $105 Million. His Neighbors Will Be David Beckham And Barry Diller

When your neighbors are soccer great David Beckham and media mogul Barry Diller, chances are you've got some deep pockets. That's what developer Todd Michael Glaser and his partners are counting on as they are in contract to spend $105 million for a waterfront property in Miami Beach — which, upon closing, will be one of the most expensive transactions in Miami-Dade County. Their plans? Tear it down and rebuild.

The Sellers Could Net Close To $100 Million

Clearly, the Glaser group sees immense profit in the venture. However, according to The Wall Street Journal, the couple who really stand to win from the sale are the sellers. Sonny Kahn is a fellow real estate developer who co-founded Miami-based Crescent Heights, a developer of luxury apartments and commercial buildings. He and his wife, Susanne Passi Kahn, paid $2.5 million for the property, which comprises 2.34 acres of prime Miami Beach real estate on North Bay Road in the early 1990s.

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The expansive home is 19,200 square feet and has eight bedrooms, a pool, and a tennis court. Although the sellers have renovated the 1930s residence, the prospective buyer plans to stamp his identity on the property by demolishing and rebuilding a brand new 50,000-square-foot mega-mansion, which the listing agent Nelson Gonzalez of Berkshire Hathaway says he intends to sell for a staggering $250 billion.

North Bay Road

North Bay Road is one of the most coveted residential streets in Miami Beach. In October, Beckham, the president and co-owner of soccer club Inter Miami, paid $72.5 million for a brand-new home about 1.5 miles from the Khan residence. Diller also lives nearby. Diller is a senior IAC IAC and Expedia Group EXPE executive who founded the Fox Broadcasting and USA Broadcasting companies. He has a net worth of $4.7 billion, and Diller paid $45 million for a roughly 1.5-acre lot adjacent to the Kahn property last year.

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There have been many heady deals in the neighborhood recently. In January, entrepreneur Anand Khubani paid $40 million for a spec house close to the Kahn residence. The record in Miami-Dade County for a residential sale is $106.875 million, set in 2022 when hedge-fund billionaire Ken Griffin purchased a waterfront estate in the Coconut Grove area.

Glaser's High-Priced Renovation Pedigree

Glaser, a Miami Beach native who rose from designing and installing fire sprinklers to flipping standard homes before moving on to lavish residential and commercial buildings, seems to revel in big-number deals. He paid $85 million for an estate on Tarpon Island in 2021, expanded and renovated the home, and sold it for $150 million in 2024.

His website shows dozens of completed luxury homes in Palm Beach, Nantucket, Newport Beach, California, and Manhattan, as well as multiple multifamily commercial developments.

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