$12.9M Penthouse Foreclosure at Santa Maria Hits the Market

May 21, 2010 by Lucas Lechuga

Santa Maria Penthouse Foreclosure

Earlier this afternoon, a penthouse foreclosure at Santa Maria came onto the market with an asking price of $12.9M.  It’s a two story condo with 10,000 square feet of interior and has a rooftop terrace with a large hot tub.

Update: As I was writing this blog post, I received word that the penthouse has already gone under contract.  Word is that the accepted offer price was $11M.  Geez, that was fast!

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9 Comments on "$12.9M Penthouse Foreclosure at Santa Maria Hits the Market"


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Anonymous
Joe
6 years 4 months ago

Smells fishy. I haven’t exactly noticed bidding wars for other penthouses around Miami. Others have been on the market for 2 or 3 years.

Anonymous
DJ
6 years 4 months ago

Man I just don’t get it. For $11M I’d buy a sick house on the water. Shit, I’d spend half that and also buy a yacht to park outside of my sick house on the water. Then I’d save the rest to blow on fuel and high class escorts.

I guess I should assume that whoever bought this place already has of the aforementioned already.

Anonymous
gables
6 years 4 months ago

wish i could live there! properties like these have absolutely no bearing on the condo market in south florida-they exist in their own little universe. 10,000 sq ft and rooftop terrace? you must be kidding. this is a one of a kind property. in this building you are competing with the nice sofi units.

Anonymous
owneratinfinity
6 years 4 months ago
Florida unemployment falls for first time in four years South Florida Business Journal For the first time since February 2006, Florida’s seasonally adjusted unemployment rate has fallen. April unemployment slipped to 12 percent from March’s revised rate of 12.3 percent. This represents 1,113,000 jobless out of a labor force of 9,282,000, according to the Florida Agency for Workforce Innovation. “While we recognize that it will take time to emerge from this recession, this decrease in the unemployment rate for the first time in four years coupled with a significant increase in jobs nationally and growth here in Florida are very… Read more »
Anonymous
6 years 4 months ago

This property was truly unique and one of a kind. In my opinion the best Penthouse in the City of Miami.

Anonymous
Ivan
6 years 4 months ago

Alejando has it right…this is THE premier PH in Miami…if you haven’t been inside you wouldn’t know, but at $11M it’s pretty much at COST. From the 24′ high living room, to the 8′ slab yellow onyx flooring, the roodtop pool, etc, etc…it’s a dream PH and I wouldn’t doubt it if the original owner bought it back!
:)

Anonymous
scrivener
6 years 4 months ago

“Shit, I’d spend half that and also buy a yacht to park outside of my sick house on the water” – – – DJ

Now you’re talking! Money well spent!

scriv

Anonymous
santa maria knowledge
6 years 1 month ago

That was an ilegal action by the realtor who place it on the market for just 20 minutes. Who place it on the market was not a listing agent. Caixanova Bank never listed it with anyone.
This is a legal action that RAMB should take care of. We don’t need unethical realtors doing this!

Anonymous
staska
5 years 11 months ago

this is not a property for people with a job .The unemployment rate is not relevant .

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