A penthouse made up of three units at the Four Seasons Brickell sold for $15.9 million, making it the most expensive home sale in Brickell, Miami’s financial center and home to popular bars, restaurants and hotels.
Even though this home sets a record as the most expensive sale, it sold with a $9.1 million discount from its original listing price in 2017, when it hit the market for $25 million, according to listing records. After coming off and on the market at different price points, it was relisted in March 2021 for $17.9 million, and found a buyer within two months. It closed last week, property records show.
“The growth and the evolution of the area has happened in the past five years,” said Jonathan Garcia, real estate agent at ONE Sotheby’s International Realty representing the seller. “Brickell wasn’t even what it is today,” Mr. Garcia said about why the home hadn’t sold previously. The buyer was an entity Madison EAT LLC, according to a spokeswoman for the listing agents.
Located on the 67th floor of Four Seasons Brickell, the 8,800 square-foot home offers 200-degree ocean and bay views across its six bedrooms, six and a half bathrooms, four terraces and a Zen office. In the center of the home, there is a statement wine room made of glass that can hold over 700 bottles, according to the listing.
The seller, also a limited liability company, bought the entire floor in 2007 from the developer for around $12.19 million, according to records in PropertyShark, and combined three of the units that make up two-thirds of the floor to create this penthouse, according to the real estate agents at ONE Sotheby’s International Realty. The seller sold the other three units for almost $6 million in 2014.
The home was designed by ODP architects, an architecture firm based in Florida, to have a true contemporary feel with Italian furniture, an imposing steel and glass entry door, marble and wood floors, and the dominant use of materials like glass and marble.
The price tag also includes $2 million worth of curated artwork and showstoppers like teardrop-shaped cascading chandeliers, curved pieces of wall art and a swinging sculpture.
“The apartment was designed to be able to display sculpture and art,” said Elena Bluntzer, a co-listing on the unit from ONE Sotheby’s International Realty.
In addition to the ocean views and the artwork that appear throughout the home, the primary suite includes a massive walk-in closet, and a bathroom with dual sinks and a glass-encased shower.
“This sale will have a significant impact concerning how the following sales are going to be in Brickell,” Mr. Garcia said. He explained that the demand from wealthy financiers and the fast development of the neighborhood can potentially encourage other affluent buyers.
Article Source: Mansion Global