Miami's Most Expensive Condo Sale

Miami

MOST EXPENSIVE CONDOMINIUM EVER SOLD IN MIAMI AREA

An oceanfront penthouse in Miami Beach is in contract for a staggering sum … over $120 million! Location: Shore Club Private Collection 18,000sf of which 7500sf is terrace space. Its own private rooftop pool. If sealed at this price, the deal would shatter previous records and secure its position as the most expensive condominium ever sold in the Miami area

Buyers: identity remains unknown This new monumental sale signals an unprecedented surge in the city’s luxury real estate market, with wealthy individuals vying for their own slice of paradise. A bit of history: The Shore Club redevelopment project has been years in the making, involving the transformation of two iconic hotels — the Shore Club hotel dating back to the 1940s and the historic Cromwell Hotel, a gem of Art Deco architecture from the 1930s Crafted by the esteemed Robert A.M. Stern Architects, the development will offer 49 residences spread across the original Cromwell Hotel and a new, towering structure rising 200 feet above the beach. Additionally, a standalone mansion facing the ocean and a lavish five-star resort operated by Auberge Resorts Collection are set to grace the premises. Set for completion : 2026 Collaborating with RAMSA, Kobi Karp Architecture & Interior Design will dress the interiors with a yacht-inspired aesthetic, featuring a soothing color palette reminiscent of the surrounding natural elements. Miami’s allure as a haven for the affluent has only intensified during the COVID era, with a steady influx of wealthy individuals from the Northeast seeking refuge in the Sunshine State. As the city’s luxury market continues to soar, developers are capitalizing on this trend by unveiling a slew of high-priced offerings.

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