Miami Condo Market and Lifestyle Updates
Penthouse Contracted with Record Numbers

Penthouse Contracted with Record Numbers

by Sep Niakan | May 02, 2014

The Faena House, designed by the illustrious Alan Faena, listed the penthouse for a record $50 million in November 2013, and is now under contract.

A Faena executive and the broker representing the buyer state that a deal was reached for the sale of the duplex penthouse at Faena House. However, the buyer's name and price were not disclosed.

The Miami Beach unit was first listed in November 2013 with a record asking price.  Sources say the penthouse's sale will break the record for the price of market contracts once it closes. The current record is $27 million for the sale of a condo unit in the Setai Resort and Residences in January 2013.


The Faena penthouse boasts over 8,200 square feet of interior space, approximately 10,000 square feet of exterior space, plus five bedrooms, five bathrooms, and a 70 foot rooftop pool with ocean views.

According to Faena Group executive vice president Alicia Goldstein, the condominium section of the Faena building in Miami Beach is now completely sold out.



Photo credit: Courtesy of Faena House

Recent posts


10 December Holiday Events You Won’t Want to Miss

by Sep Niakan | December 06, 2016

It’s my favorite time of year to be in Miami! The weather has cooled off a bit. The city’s abuzz with people from every corner of the world (thanks to Art Basel). The holiday spirit is gradually taking over, and there’s a bunch of...


Car-free in Miami: How to Give Up Your Car for Lyft and Uber . . . and Love it.

by Sep Niakan | November 29, 2016

This is a story of how one Miami condo dweller (that's me, Sep Niakan) gave up his car at the end of his lease and gained freedom (and $$) in its place. If you have been thinking of getting rid of your car or know someone who is, read...

Real Estate News

How Miami Condo Sales Will Benefit from New FHA Lending Rules

by Sep Niakan | November 24, 2016

Lending, specifically FHA lending, is inching forward in favor of Miami Condos. Before President Trump pulls out any game-changers, I thought it would be the right time to reflect on a Bill passed into law by President Obama this August. The...

Real Estate News

Reflecting on BrickellHouse Robotic Parking Garage Failure

by Sep Niakan | November 22, 2016

It’s been almost a year since BrickellHouse’s robotic parking garage blunder, and I’ve been thinking about what this means for the automated parking business in Miami condos. In brief, Boomerang Systems (the robotic garage...