Faena House Penthouse sets Record in Miami Condo Market

On September 24, 2015 Faena House sold the penthouse for $60 million dollars setting the newest record sale for a condo in Miami.

faenahouse1The sale was disclosed but it still remains unknown the buyer for the most expensive penthouse in Miami. The second biggest sale was in 2014 sold for $27.5 million at the Continuum Condo Miami Beach.

The Faena house penthouse is a 12,516 sq. ft. residence with 8 bedrooms and 9 bathrooms with a 70-feet rooftop pool and 9,900 sq.ft of outdoor space including the wraparound balconies overlooking Indian Creek, the atlantic ocean and Downtown Miami.

Feana House was designed by Pritzker Architecture Prize winning firm Foster + Partners and developed by argentine developer Alan Faena along business partner Len Blavatnik. F


aena House is a 18-story tower located at 3301 Collins Ave. in Miami beach.

Feana House is part of an art district that will include a hotel, two additional luxury condo towers, art centers and retail. The project was sold in 2012 when housing prices were strong and the do


llar was better. Experts say that if the project was for sale today where there is a lot of new developments going on the project would never reach $3,000 per sq.ft. The Faena House penthouse was originally listed for $50 million

Miami’s market has other luxury penthouse under construction and for sale. Zaha Hadid design One Thousand Museum Penthouse is for sale for $49 million in Downtown Miami. Echo Brickell under construction is selling its penthouse for $42.2 million. Luxurious Ritz Carlton Residences in Miami Beach penthouse is for sale for $40 million as well as the penthouse at Acqualina in Sunny Isles also listed for 40 million.

faenahousetopThe most expensive house currently listedΒ in Miami real estate market is Β masion located in Coral Gables that sits on a bayfront 3.6 acres. The house is currently for sale at $67 million.


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