$35 million in 3 sales in less than 30 days!

So when we thought that the sale of the Fontainebleau II’s Penthouse at $9,000,000 would be the highest sale of the year http://www.celekt.com/articles/miami-beach-highest-condo-sale-since-2007-9000000/, we should have thought twice…

- By the end of May 2010, an other record sale was recorded: http://sef.mlxchange.com/Pub/EmailView.asp?r=1668817485&s=SEF&t=SEF

SANTA MARIA #4901 Sold for $11,000,000

Unit #4901, a 7 BR Penthouse at the Famous Santa Maria condo was sold for $11,000,000.  This unit was bank owned and closed very very quick…… maybe too quick but my comments will stop here.

2 weeks later, Penthouse B at the Setai South Beach closed as the number one highest re-sale in the condo Market in Miami Beach and in all Miami Dade.

Setai South Beach Penthouse B sold for $15,000,000

Penthouse B listed at $19,999,999 closed at $15,000,000 with a closed price per square foot over $2,400…. never seen before!

Previous owner, a partner at Barroway Topaz Kessler Meltzer Check, LLP, with over 80 attorneys, one of the largest firms specializing in the prosecution of complex class action litigation, has found a buyer for his only ones of its kind property.

Those unique listings sold back to back ( not including an $8 million + Penthouse at the One Bal Harbour Condominium last month) show how the very high end market has regained confidence into the Miami Beach Real Estate Market. The big players are putting back their money in Real Estate. Definitely, a very distinctive and exceptional Micro Market with Matchless properties but a positive force for the overall market.

THE FONTAINEBLEAU II PENTHOUSE CONDO

On May 14th 2010, one of the Penthouse of the Fontainebleau II Condo located at 4441 Collins Avenue, has sold for $9,000,000. The 8th highest condo sale ever recorded in the MLS in Miami Beach.

This 5 Bedroom, 4,500sq ft unit bought in July 2005 for $3,600,000 by New York Developer Baruch Singer had been listed in January 2009 for 16 million. After a couple of price reduction to $13.5 million and then $9.8 million and after 82 days sold for $9 million.

At $2,000 per square foot, this is the 4th highest amount per square foot ever recorder. The 3 first sales being PHA, 1605 and 1505 at The Setai Miami Beach.

SOLD PENTHOUSE FONTAINEBLEAU II SUMMARY:

- Listed price:

$9,800,000

- Sold Price:

$9,000,000

- $ per Sq/Ft:

$2,000 per Sq/Ft

- Assessed Value 2009:

$4.7 million

- Real Estate Taxes for 2009:

$96,000 yearly

Buyer:

Pending information

- SO WHAT IS THE NEXT MOST EXPENSIVE SALE IN MIAMI BEACH?

Penthouse PHA at the Apogee South Beach.

It s back on the Market with a reduced price to $16,000,000

Check out the virtual tour if you are curious or interested!

http://homesite.obeo.com/viewer/unbranded.aspx?tourid=553674&refURL=http://www.celekt.com/unit-view/m1389937/&locale=en-US

MIAMI BEST PENTHOUSES

We would like to introduce you the most amazing Penthouses  for sale available in the Beautiful Miami. Including South Beach Penthouses – Miami Beach Penthouses – Downtown Miami Penthouses – Brickell Penthouses – Bal Harbour Penthouses.

- What is a Penthouse? As most people know, a Penthouse is a residence, often with a terrace, on the top floor or floors of a building.

For the most part, the Penthouses in Miami Condominiums are the “creme de la creme” from all the units located in a building. Those unique residences have a special floor-plan with usually counts 3 to 6 Bedrooms and incredible views from their balconies or terraces. Some of them have private roof top pools and/or Jacuzzis.

• This month, celekt introduced the best penthouses available in Miami Beach, more specificaly in South Beach

South Beach Penthouses:

• Apogee South Beach #PHA, 800 S POINTE DR Miami Beach 33139

$18,500,000

Click This image to see more!

This breath taking two-story penthouse with 22′ ceilings enclosed by floor to ceiling windows is not just an apartment it is a home. complete with a 360-degree roof top palazzo including a roof top private swimming pool accompanied with a full built-in summer kitchen. with over 11,000 sf of exclusive outdoor living space, the balconies and terrace becomes a private backyard in the sky. this modern kitchen i equipped with a gas cook top, built in miele appliances, perfect kitchen for entertaining.

• Capri #B-PH1, 1445 16 STREET Miami Beach 33139

$6,900,000

This magnificent contemporary penthouse in the sky offers stunning panoramic views of the gorgeous miami skyline & glistening biscayne bay. newly built in 08, with countless luxury features including 2000+sqft of rooftop terrace with summer kitchen, wine bar, open kitchen with the finest european cabinetry, built-in stereo speaker system, custom lighting & 4 balconies. a 5-star complex offering a private marina w/500′bayfront walkwy, boat slips, pool, jacuzzi, fitness center, 24hr sec & valet

• Il Villaggio #BH-06 1455 OCEAN DR Miami Beach 33139

$4,950,000

Owner says “sell now”!!! the hottest 2 story corner beach house at il villaggio featuring breathtaking ocean views from every room, 22 ft floor to ceiling windows, limestone & teak floors, elegant & spacious great room, open gourmet kitchen, dramatic steel staircase, 3 full master suites & multi-media wiring throughout. full service luxury bldg offers 24 hr security & valet, concierge, private beach lounges, pool & beach attendants, two story fitness center, oceanside promenade w/ grill & community room.

• Setai South Beach #PH-B 101 20 ST Miami Beach 33139

$19,999,999

There is neither a  picture nor a description at the moment!

Miami Penthouse Photo Gallery: