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Faena House's Penthouse Lists For A Bonkers $50 Million

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The penthouse at the Faena House, the residential portion of Alan Faena's starchitect-studded Faena District project currently under construction at the old Saxony Hotel, has been listed for an absolutely bonkers $50 million, according to the Wall Street Journal. That price makes the unit competitive with the 'Palazzo D'Oro' penthouse at the Mansions At Acqualina, which is also on the market, for $55 million. The sale of either one at asking price would be the most expensive residential sale in Miami-Dade history, easily trumping the recent record $34 million penthouse sale at the Edition for 'most expensive condo, and edging ahead of the current most expensive Miami-Dade residential sale ever, that $47 million Indian Creek Island Road estate.

So, what does this place have that's so great? It's on top of an oceanfront building designed by Norman Foster. About 8,000 square feet of interior living space are complemented by about 10,000 square feet of rooftop terraces and gardens. A private elevator opens out onto the roof. There's a 30 foot pool, cabanas, and an outdoor kitchen, and two living rooms.
· In the Air: Miami Penthouse Lists For $50 Million [WSJ. Scroll down]
· Faena District coverage [Curbed Miami]

Saxony Hotel

3201 Collins Ave., Miami Beach, FL

Faena House

3301 Collins Avenue, Miami Beach, Florida