The Residences at Miami Beach EDITION
March 07, 2013 - Florida
Two triplex penthouses being built on Miami Beach are under contract to a single buyer for $34 million.
Taken together, the penthouses represent the largest condo sale ever in Miami and Florida, says William P.D. Pierce of Coldwell Banker Residential Real Estate, who represented the buyer in the transaction.
The combined total living space of the two penthouses spans 16,162 square feet, with about 9,843 square feet of that indoors.
The penthouses are located at the Residences at the Miami Beach Edition, a new condo project being developed by Ian Schrager on top of his new Miami Beach Edition hotel, which is replacing the old Seville Hotel and is currently under construction.
The residential towers will have 26 total units when they are completed next April.Together, the two penthouses have eight bedrooms and 11 bathrooms.
One penthouse has views of the ocean; the other penthouse has views of Biscayne Bay and downtown Miami.
Each penthouse has a private elevator that opens onto a rooftop with a pool, an outdoor kitchen and glass-enclosed dining area. Each penthouse also has fireplaces in both the living rooms and master bedrooms.
There's also a great room in each unit with 20-foot ceilings and floor-to-ceiling glass windows. The ceilings are ten feet in the remainder of the condos.
"These penthouses are unbelievable mansions in the sky," says Mr. Pierce, the buyer's broker. Mr. Pierce declined to name the buyer beyond saying he was an American.
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