I toured a $29.5 million mansion on 'the Park Avenue of Miami Beach'

North Bay Road, a residential street in Miami Beach, is a hot spot for millionaires and celebrities buying waterfront estates.

Luxury real-estate agent Nelson Gonzalez calls it “the Park Avenue of Miami Beach” for its prestige and elite clientele.

I toured a 12-bedroom, $29.5 million mansion on North Bay Road that comes with an infinity pool and a pool house, and it seems to offer much more bang for your buck than some similarly priced homes I've toured in New York City.

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It's been called “Millionaires' Row” and “the celeb-heavy Miami street that wants to be Rodeo Drive.”

North Bay Road is a residential street in Miami Beach that's become a hot spot for millionaires and celebrities buying waterfront estates. Luxury real-estate agent Nelson Gonzalez, who calls it “the Park Avenue of Miami Beach,” has sold homes on the road to the likes of Cher and Billy Joel.

Actor Matt Damon, singers Phil Collins, Shakira, Ricky Martin, Jennifer Lopez and Alex Rodriguez, designers Calvin Klein and Tommy Hilfiger, and Hollywood director Michael Bay are all known to have bought homes on North Bay Road, according to Curbed.

I recently got an exclusive tour of a $29.5 million mansion on North Bay Road from Gonzalez, the listing agent. The 12-bedroom waterfront home comes with an infinity pool and a pool house.

Here's what it looks like.