07/12/2022
The penthouse in Brazilian billionaire José Isaac Peres’ 57 Ocean in Miami Beach sold for a record $37 million.
The 7,456-square-foot, five-bedroom, four-bathroom condo has been in contract for more than a year and a half.
Defortuna said the buyer wanted to make significant changes to the unit, driving the price up from its original $31 million asking price.
The first-time sale of the penthouse closed at $4,962 per square foot. The unit covers the entire top floor of 57 Ocean, with both ocean and bay views. Designed by Miami-based Arquitectonica, 57 Ocean units average $6 million, according to Defortuna, making the penthouse sale six times the average unit price. The next highest sales were in the range of $13 million. The building was fully pre-sold before construction was completed last year, reaching $330 million in sales.
Miami waterfront sales have yet to plateau, despite nearly two years of unheard-of price surges and recent interest rate hikes.
Contact the Joelle Team to learn more about 57 Ocean and other pre-construction deals in South Florida.
Source: https://therealdeal.com/miami/2022/06/27/brazilian-billionaire-developers-57-ocean-ph-sells-for-record-37m/
