Miami Condo Market and Lifestyle Updates
$60 million penthouse sale at Faena House breaks Miami record

$60 million penthouse sale at Faena House breaks Miami record

by Sep Niakan | October 08, 2015

The single most expensive single family home ever sold in Miami has sold before the end of September 2015.

A buyer, whose identity remains a secret, purchased the penthouse unit at Faena House for $60 million. It was originally listed for $50 million in 2013, but went in contract in April of 2014, thereby raising its price.

The unit itself includes 12,500 square-feet of interior space, plus an additional 10,000 square-feet of exterior space, which was customized by the buyer. The unit also includes a 70 foot rooftop pool, with stunning views of the harbor, the ocean, and downtown Miami.

As far as the rest of the Faena House, over half of the 42 units (reduced from 47 due to combining rooms) in the building have already sold.

The previous record for the msot expensive single family home sold in Miami was a 30,000 square-foot home in Indian Creek Village, which was sold for $47 million in 2012.



Photo credit:

Recent posts

Real Estate News

Could Cite in Edgewater Have New Hotel Neighbor?

by Sep Niakan | January 12, 2017

According to thenextmiami, a petition involving a 15 by 75 feet alley has sparked speculations that a brand new hotel could be coming to Edgewater. Why? Simply because this alley comes attached to a 7,875 sq. ft. plot located at 348 Northeast 20...

Real Estate News

Brickell Avenue Bridge Schedule, Traffic and Solutions -- All You Need To Know

by Sep Niakan | January 09, 2017

Ever tried driving from Brickell to Downtown Miami for lunch? Most Miamians dread the thought of catching the dreaded drawbridge, which opens every hour or half-hour during non-curfew hours to allow river traffic to pass under. So what’s...

Real Estate News

9 Positive Signs for the Miami Real Estate Market in 2017

by Sep Niakan | January 08, 2017

Last year’s headlines weren’t too kind to Miami with hurricanes, Zika warnings and falling sales painting a dark picture. However, with the elections finally done with, there are plenty of reasons to be optimistic about 2017: 1. ...

Real Estate News

Projects That Will Change the Way We Look at Wynwood, Forever!

by Sep Niakan | December 28, 2016

We all know Wynwood as the friendly, hipster neighborhood splashed with the best street art in the world. It’s where we all go for our art fix, browse far-out finds and linger around for a couple of craft beers. But, how about shopping,...