Tech executive Jody Glidden recently purchased a newly built home in Biscayne Park for $4.8 million, continuing a trend of high-value sales in the area. Glidden, who previously sold his Hibiscus Island property for $11.9 million, stated that he plans to rent out the new house and is seeking additional properties in the village for redevelopment.
The sale reflects growing interest from affluent buyers who are drawn to Biscayne Park’s proximity to private schools such as Miami Country Day School and Cushman School. “Brand-new construction modern houses are breaking barriers in these alternative neighborhoods,” said Dora Puig, owner of Luxe Living Realty. She compared Biscayne Park’s price growth to similar changes in Morningside and Belle Meade, attributing demand to families seeking access to private schools without long commutes.
Glidden’s new canalfront residence covers nearly 6,000 square feet with six bedrooms and five and a half bathrooms on a half-acre lot, priced at $800 per square foot. “Areas like Biscayne Park still offer pretty good value. If you want to make a decent multiple on your property, it’s harder to do now in other parts of [Miami],” Glidden said.
The developer partnership behind the home—Aaron Butler of Avenue Real Estate along with Kobi and Nancy Karp—purchased the lot for $1.4 million in 2022. Butler cited factors such as school proximity, curb appeal, and low crime rates as key attractions for investment. “I would develop [in Biscayne Park] again. We’re looking,” Butler said.
Other recent transactions include the sale of a four-bedroom home at 967 Northeast 117th Street for $5.3 million by an affiliate of Pintos Residential to an LLC managed by an attorney. The property was previously bought for $450,000 in 2021.
In another deal last month, a couple acquired a six-bedroom house at 740 Northeast 120th Street for $4.6 million from a developer led by Daniel Jaramillo; the lot had been purchased for $750,000 in 2022.
Miami Country Day School has received approval to revise its master plan by expanding its campus footprint and increasing building heights from two stories to three on some planned structures, according to Francisco Garcia of the Euclid Group, which is overseeing land-use planning for the expansion project. Planned improvements include new dining facilities and green space as well as traffic circulation enhancements and increased onsite parking capacity.
The school also opened a new fitness and wellness center valued at $20 million recently. Garcia noted ongoing demand for private educational facilities but clarified that student enrollment will not increase with these developments: “Without question there is exceeding demand for educational facilities in Miami-Dade County, particularly in the private school sector.”
“[Biscayne Park] really is in a fortunate geographic location,” Garcia added. “Traffic is going to be an issue for us for the indefinite future.”
