The latest record-breaking sale in Miami real estate: A buyer from New York closed on a $60 million penthouse unit at the Faena House on Miami Beach.
The Faena House is an ultra-luxury residential condo project stretching from 3200 to 3500 Collins Avenue. Envisioned by Alan Faena and designed by internationally renowned architects Foster + Partners, it has been the center of a lot of media coverage lately. The Faena District is Faena’s first project in Miami Beach and is a massive $1 billion-plus development, unusual in its scale for such a mature and developed urban destination. When complete, the project will include four residential towers, two hotels, a garage, retail shops, a marina, and an arts complex by Rem Koolhaas’s firm, OMA.
Many of the sales could be contributed to word of mouth and being in the know. The building had such a strong selling momentum that many units sold before traditional marketing and advertising could be implemented. Some of the famous buyers include Lloyd Blankfein, the CEO and chairman of Goldman Sachs; the Fanjul family, owners of a sugar and real estate conglomerate; British billionaire Alan Howard; Kenneth Griffin of Citadel; and Mark Rachesky, chairman of Lions Gate Entertainment.
With a demanding and powerful buyer group, Faena has spared no expense on the project. Faena House is a vision of true indoor and outdoor living — creatively designed and constructed, with no detail left behind. Foster + Partners collaborated with Molteni Dada on custom kitchens and Permasteelisa on custom bathrooms to create a distinctive and unparalleled design. Each residence features a majestic outdoor living terrace, known in Argentina as an “alero,” that wraps around its interior.
Faena’s new neighborhood will surely become the international center for cultural activity and leisure.
EWM Realty International is proud to have introduced 20% of all Faena House pre-construction purchases. There are currently three units available for sale:
7-C offered for sale at $8,900,000
5-B offered for sale at $14,500,000
6-A offered for sale at $18,000,000
Here is the link to the Faena House website. If you are interested in viewing a unit at the Faena House or any property please contact me, Ashley Cusack, at 305.798.8685. Visit my website: Luxury Miami Real Estate.
My focused dedication as a realtor in my home town of Miami for over 25 years, consistently puts me at the top of my field. Whether you’re looking to buy or sell your home, let me help you from start to finish with my results-proven: professional marketing, excellent property exposure and comprehensive experience.
As the #7 Realtor company-wide at EWM in 2014, my focus is on Coral Gables, Coconut Grove, Pinecrest and South Miami — specializing in luxury real estate and waterfront properties. Call me today and let’s get started!