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The Faena House Penthouse Sells for a Record Breaking $60M

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The brand new Faena House penthouse combined with another unit has officially sold for $60 million, making it the biggest sale ever for a single family home in Miami-Dade County. This comes almost a year after the news of the sale broke on Curbed when the building was still under construction, and more than two years after the top unit in the building designed by Foster+Partners was listed for $50 million. According to the Wall Street Journal "The developer customized the layout for the buyer... and the apartment now has eight bedrooms, over 12,500 square feet of interior space and nearly 10,000 square feet of exterior space. On the top floor, there is a 70-foot-long rooftop pool with views of the Atlantic Ocean and the Miami skyline."

It appears that the 8,273 square foot penthouse itself was combined with a lower unit, the 4,243 square foot 'Penthouse B,' to achieve the full 12,500 square footage. This explains why it sold for $10 million over ask. (Although the deal has closed and should be public record, it is still actually listed as available on realtor.com) This beats out the now second most expensive single family home ever sold in Miami-Dade County, 3 Indian Creek Island Road, by a whopping $13 million. The Douglas Elliman sales team representing Faena in the transaction included broker Oren Alexander, who also represented both the seller (along with the Jills), and the buyer (exclusively) of 3 Indian Creek. So, that's one hell of a winning streak for him.

· Miami Beach condo has sold for a record $60 million [WSJ]
· The Faena House penthouse is selling for a record $60 million [Curbed]
· Faena House penthouse lists for $50 million [Curbed]
· Faena House coverage [Curbed Miami]
· Ogle the plans of Miami's most expensive home [Curbed]

Faena House

3301 Collins Avenue, Miami Beach, Florida