Four Seasons Residences Penthouse Shatters Miami Sales Record
by Sep Niakan | July 22, 2013
|Four Seasons Residences in Miami|
After briefly break another Miami record in August 2012 (a $15 million condo; the highest on the market at the time), the Four Seasons Residence has smashed yet another record in the Miami housing market: the highest amount paid per square foot in the Brickell corridor. An unnamed, yet renowned, European tennis player recently purchased a $5.2 million penthouse on the 70th floor of the Four Seasons Residences, at a footage cost of $1,500 per square foot. The purchase made the penthouse the most expensive unit in the building at up to three times the average square-footage cost for housing in the area.
Indeed, real estate prices for other residential units in neighboring buildings sit between $500 and $1,000 per square foot. And as Brickell continues to impress with its booming local economy, the celebrity buyer has expressed being confident that the unit will gain significantly more value over time. Given that the seller, a Miami-based spinal surgeon, originally purchased the unit eight years ago for the kingly sum of $4.15 million, it is likely that the tennis star’s faith is well placed.
And what did our nameless superstar gain from his record-breaking purchase? For starters, a residence at the uppermost point in the tallest tower south of New York City. The penthouse itself is 3,452 square feet with a master suite, room-sized bath, and hotel-styled amenities such as daily housekeeping and unlimited spa access.
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