$50 Million Penthouse sets record in Miami Beach

million dollar Miami penthouse

Miami is best known for its white-hot opulence and extravagant seaside living but this recently-purchased multi-million dollar Miami penthouse just might be the most expensive condo ever sold in Miami. Although the exact final sale price remains undisclosed, most believe it’s north of the 50 million dollar asking price.

What does 50 million dollars buy you besides a Miami Beach record? For starters, 8,000 square feet and five bedrooms of prime white-sand oceanfront. An additional 7,000 square feet of wrap-around outdoor balconies let you make the most of your prime location and includes a private 70-foot infinity pool, kitchenette, and those famous views of the ocean, downtown skyline and the bay.


Although we’re not quite sure why you’d ever choose to stay inside when you have balconies like these, this multi-million dollar Miami penthouse has the features that could possible persuade you. Not one but two full kitchens are covered in custom-made fixtures, imported marble and appliances so state-of-the-art you’d easily find them in any of the world’s best restaurants. Five suites, an elaborate media room, a dressing room and a private elevator round-out this lavish penthouse.


The building itself has some mind-blowing amenities. Work out in the state-of-the-art gym with direct ocean views or enjoy the in-house spa. When you’re not lounging by the two shared pools, or your private penthouse infinity pool, the full-service beach club will pamper you oceanside. Of course, there are the standard amenities you’d expect from any multi-million dollar Miami penthouse like valet parking, a private concierge and the general air of exclusivity. There are only 47 units in this 18-story tower, allowing residents more privacy and that always valuable policy of discretion.


The brains behind this impressive testament to Miami luxury are actually originally from Buenos Aires. The Faena Group first put themselves on the map with the opening of the Faena Hotel Buenos Aires in 2005. The group then developed several other high-end luxury residential buildings in the Puerto Madero neighborhood of Buenos Aires and were a huge driving force behind the area’s gentrification. After expanding throughout South America, including the popular beachfront escape Punta del Este, the Faena Group took their talents to South Beach. The opening of The Faena House (home of the record-shattering penthouse) and the re-opening of Faena Saxony Hotel Miami Beach will mark the group’s first step to worldwide destinations. If this property is any indication, we’re sure this won’t be the last time they  reset the bar for a multi-million dollar Miami penthouse.

Faena Hotel Buenos Aires

Faena Hotel Buenos Aires

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