CondoWatch: Miami Week of May 1 – 7, 2022

Faena House
First week of May brings flowers and a fantastic $15 Million+ sale at Feana House

Another huge week of sales in Miami. Topping the list was the $15,500,000 closing for unit 6A at the fabulous Faena House. This magnificent five bedroom, 6.5 bathroom residence features the distinctive “Alero” wrap-around terrace, interiors by Foster+Partners, Molteni kitchen with Miele appliances and custom bathrooms by Permasteelisa. Five star amenities include ocean front fitness center and private beach club. The transaction was represented by Toni Schrager and Bryan Sereny. The second largest sale was PH 4902 at the spectacular Santa Maria on Brickell for $12,000,000. This two-story 6 bedroom, 8 bath Penthouse includes private roof top pool, bay front sundeck, marina, historic mansion clubhouse, tennis and restaurant. Audrey Ross represented the Seller and Liz Hogan brought the Buyer. Oceana Bal Harbour residence 2103 was the third largest sale at $8,900,000 for a furnished Cleo Bell designed 3 bedroom, 4.5 bath home. In addition to expansive balconies and spectacular views, the new owners will enjoy the manicured grounds, private restaurant, beach service and museum quality art with Jeff Koons sculptures. Jonathan Mann represented the Seller and Omer Horev brought the Buyer. There were 251 Sales totaling $274,999,234. Average Days on Market was 68, but what is most fascinating is that the Average Sale Price was $1,097,196!!!

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About Author: Barbara Rosenberg