Special offer

It's Official, Closed at $60M

By
Real Estate Agent with Beachfront Realty 3220434

The 12,000 sq ft penthouseat the Faena closed this week setting a record high price for a condo in Miami.

 

 
A rendering of Faena House.

A duplex penthouse at the Faena House condominium in Miami Beach has sold for a record $60 million, the developer confirmed.

According to Faena Group’s Alicia Goldstein, the deal, which closed Monday, is the highest price ever paid for a single family home in the Miami area. The prior record was set in 2012 by the $47 million of a roughly 30,000-square-foot home in Indian Creek Village.

The penthouse listed in 2013 and went into contract in April of last year, before the building was completed. The developer customized the layout for the buyer, Ms. Goldstein said, and the apartment now has eight bedrooms, over 12,500 square feet of interior space and nearly 10,000 square feet of exterior space. On the top floor, there is a 70-foot-long rooftop pool with views of the Atlantic Ocean and the Miami skyline.

Ms. Goldstein said about half of the units in Faena House have closed. The building originally had 47 homes, but there are now 42 because of combinations. Designed by Foster + Partners, the building has a fitness center, a spa, two pools, an underground garage and a beach club.

Jeffrey Miller of Brown Harris Stevens Zilbert represented the purchaser.

Posted by

It's a Fabulous day in Florida and now is a great time to buy or sell.....

Don't make a MOVE without Marco!

Over 25 years serving the South Florida area

 

 

 

 

 

 

 

 

 

 

 

 

Debbie Gartner
The Flooring Girl - White Plains, NY
The Flooring Girl & Blog Stylist -Dynamo Marketers

Wow, that's incredible for a condo.  How nice to have that pool and wonderful view of the ocean.

Sep 24, 2015 09:07 PM
Kat Palmiotti
eXp Commercial, Referral Divison - Kalispell, MT
Helping your Montana dreams take root

Wow, that 70-foot-long rooftop pool with views of the Atlantic Ocean and the Miami skyline sounds FABULOUS.  

Sep 24, 2015 09:13 PM
Marco Giancola

Sheer fantasy for us mortals!

Sep 25, 2015 09:25 PM
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Good morning, Marco -- another WOW property --- the location, the amenities and the space.   

Sep 24, 2015 09:15 PM
Joe Jackson
Keller Williams Capital Partners Realty - Columbus, OH
Clintonville and Central Ohio Real Estate Expert

Wow that's some sale I sure would like to see something like that happen Columbus Ohio 

Sep 24, 2015 09:38 PM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Good morning Marco Giancola,

Wow!! That is some property..all for only $60 million!! Thanks for sharing with us..keeps properties SOLD in perspective!

Sep 24, 2015 09:47 PM
Raymond E. Camp
Ontario, NY

Good morning Marco,

Sounds like you have your work cut out for you to top that one!

Make yourself a great day.

Sep 24, 2015 09:55 PM
Marco Giancola

Oh I wish Raymond-I am just the messenger did not participate

Sep 25, 2015 05:52 AM
Sheila Anderson
Referral Group Incorporated - East Brunswick, NJ
The Real Estate Whisperer Who Listens 732-715-1133

Good morning Marco. It is incredible talking about those numbers. I can't relate but I guess it isall relative. Gorgeous property.

Sep 24, 2015 10:03 PM
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

It's hard for me to imagine these kinds of prices, Marco.

Sep 24, 2015 10:13 PM
Marco Giancola

it is hard to imagine Gabe but just about every house down here on the water seems to be 10+ million and up

Sep 25, 2015 05:54 AM
Roger D. Mucci
Shaken...with a Twist 216.633.2092 - Euclid, OH
Lets shake things up at your home today!

Please tell me it was purchased by my future ex-husband and he'll be sending for me soon!

Sep 24, 2015 10:48 PM
Marco Giancola

Wouldn't that be grand!

Sep 25, 2015 09:23 PM
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Hi Marco, Miami is HOT! Unbelievable. The Edgewater area is changing right in front of our eyes. 

Sep 24, 2015 11:35 PM
Marco Giancola

You know it Olga!

Sep 25, 2015 09:23 PM
Rob Arnold
Sand Dollar Realty Group, Inc. - Altamonte Springs, FL
Metro Orlando Full Service - Investor Friendly & F

Looks like an amazing property with spectacular views.  Thanks for sharing. 

Sep 25, 2015 12:13 AM
Nicole Doty - Gilbert Real Estate Expert
Zion Realty - Gilbert, AZ
Broker/Owner of Zion Realty ZionRealtyAZ.com

I seriously just read about this earlier in the week! What an amazing property. You certainly have some awesome real estate in Miami!

Sep 25, 2015 01:14 AM
Marco Giancola

Curious Nicole-where did you read this?

Sep 25, 2015 09:22 PM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Marco,

Wonderful for Miami.  Great condo and spectacular is what it really is.  Wishing you a great weekend.  A

Sep 25, 2015 01:46 AM
Marco Giancola

Awesome weekend wishes for you as well!

Sep 25, 2015 09:22 PM
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

So that is what $60 million will buy. It's beautiful ... love the glass but would not want to keep it clean.

Sep 25, 2015 11:04 AM
Marco Giancola

Hey Kathleen-if you had $60M to buy a condo you could afford someone to do the windows...and a lot more!

Sep 25, 2015 09:21 PM
Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

Hi Marco Giancola ,  I would love the commission check on that one.  Have a great weekend.

Sep 25, 2015 01:31 PM
Marco Giancola

Who wouldn't! Thats like 3 years work in one check!

Sep 25, 2015 09:20 PM
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Marco. That is pretty amazing sale. The views must be spectacular, thanks for sharing the information.

Make it a great weekend!

Sep 25, 2015 08:58 PM
Marco Giancola

YES YES & you are WELCOME & THANKS, you do the say buddy!

Sep 25, 2015 09:24 PM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Marco, now this would certainly be a wonderful sale!   Wonder if the buyer will be full time or a 2nd home?

Sep 25, 2015 10:22 PM
Marco Giancola

Hi Joan-right? I heard this is their 4th or 5th home.

Sep 25, 2015 10:27 PM
Jon Zolsky, Daytona Beach, FL
Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL
Buy Daytona condos for heavenly good prices

Marco - when we hear about properties like these and prices like these, it is out of this world.

As if there is paper momey, that you can print and pring and print....

Sep 26, 2015 11:42 PM
Marco Giancola

It is truely amazing my friend

Sep 27, 2015 12:49 AM
Rob Arnold
Sand Dollar Realty Group, Inc. - Altamonte Springs, FL
Metro Orlando Full Service - Investor Friendly & F

florida flag  Featured Article - Florida Real Estate Investors group 

Sep 28, 2015 04:44 AM
Marco Giancola

Thank you Rob!

Sep 28, 2015 06:47 AM
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

What a lovely project. I wish I had such money:) I would definitely call you to represent me with that PH!

Oct 07, 2015 04:36 PM