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Dublin: 7°C Wednesday 28 October 2020

This is the most expensive condo in Miami Beach history

Only $50 million? Cheap at twice the price, really.

A SUPER-LUXE PENTHOUSE condo at the very top of Miami Beach’s Faena House that was listed for $50 million is in contract, making it the most expensive condo ever sold in Miami Beach, according to The Wall Street Journal.

Though the identity of the buyer and closing price were not disclosed, the agent who represented the buyer told the WSJ that “his client liked the privacy afforded by the fact that the building is relatively small—47 units—and that the penthouse has a rooftop pool.”

The Faena House, an 18-story condominium tower that sits on Miami Beach’s widest stretch of white sand, was developed and built by Argentina’s Faena Group. It contains 47 residences, but the penthouse, with panoramic views of the beach, bay and downtown skyline is by far the most luxurious.

view 02 - hover view looking south Source: Courtesy of Faena House

Designed by Foster + Partners (the same architects responsible for the Hearst Tower’s new facade), the 8,000-square-foot penthouse has five bedrooms, two custom kitchens, and a private interior elevator, according to the Faena House’s website. It also holds a media room, great room and dressing room.

view 08 - penthouse terrace view looking north

Most notably, the penthouse features a beautiful “alero,” a sweeping Brazilian-style terrace that wraps around the entire building and adds a staggering 7,000 square feet of outdoor living space.

view 07 - penthouse terrace view looking south

Outside there’s also an outdoor kitchenette, cabana and private 70-foot infinity pool.

view 09 - penthouse pool

All residents of the building have access to hotel-style amenities and services. These include valet and private concierge service, an in-house spa and fitness center with direct ocean views, a private Beach Club with full cabana service, and two pools.

view 03 - hover view looking north

Read: Billionaire will throw in a Rolls-Royce if you buy his $25 million NYC townhouse

Read: Hong Kong’s ‘Champagne House’ is on sale for $38 million

Published with permission from:

Business Insider
Business Insider is a business site with strong financial, media and tech focus.

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