At Eighty Seven Park – a 66-unit building at 8701 Collins Avenue in Miami Beach developed by Terra, a Duplex Penthouse has been put up for sale for a staggering price of $68 million. Is sold, this residence will beat the earlier record for the highest residential sales in the state of Florida. The previous record was $60 million paid by billionaire fund manager Ken Griffin who purchased two penthouses in 2015.
The Penthouse has an interior area of 12,410 square feet. It also has a private outdoor area of 18,247 square feet. The property includes six bedrooms, eight restrooms, summer kitchens and a service suite. The last final touches include light oak flooring, a staircase made of wood and marble and a chef’s kitchen with Wood and Sub-Zero fittings.
Yet, the most attractive part of the house is its outdoor open area. It includes an outdoor theatre, a rooftop terrace, a Turkish Hamman Spa, a putting green, two outdoor kitchens. The best features of the house are two unique 45-feet long infinity pools. One of the pools is built facing the East to see the sunrise and the other pool has been built facing the West to watch the sunset. Not only that, the house also offers 360 degrees views of the Atlantic Ocean and downtown Miami. The house is luxurious with all the features, suave and extremely beautiful.
The Penthouse is located on the top of an 18-storey building at 8701 Collins Avenue in Miami Beach. The tower includes a gym-cum-spa and an underground parking garage. One added benefit is the perfect location at the epicenter of North Beach Miami. It is at a short distance from the hustle-bustle of South Beach and close to the most luxurious shopping mall Bal Harbour Shops. Previously, this area used to be a single-family homes area.
Terra – the developer – purchased the property in 2013 at $65 million. In this place was the Howard Johnson Dezerland Hotel –formerly the Biltmore Terrace- owned by the Sunny Isles Beach developer Michael Dezer.
Terra has taken on this venture under the leadership of David Martin associated with designers Rena Dumas Architecture Intérieure and WEST 8 Urban Design & Landscape Architecture. The high-end interior Paris style has been developed by RDAI furnishings from Hermes, Giorgetti and Christopher Delcourt.
This is a new project of Renzo Piano. He is well known for earlier projects such as Shard, an office and a residential skyscraper in London, and the Georges Pompidou Centre in Paris. The construction is estimated to be completed by the third quarter of 2019.
There is a long list of buyers from all across the United States and other parts of the world – including tennis champion Novak Djokovic to acquire residences at Eighty Seven Park.