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The Largest Penthouse in Downtown Miami – Part 1

September 16, 2009 by Lucas Lechuga

A few weeks ago, I had the opportunity to tour the penthouse condo at Marquis, a newly completed 67-story condo development in Downtown Miami.  It was by far the most impressive condo that I have ever seen in Miami.  The four-story condo has an astonishing 8,000 square feet of living space, 2,700 square feet of terrace, a private elevator within the unit and a pool on the rooftop terrace.

This penthouse is so massive that I decided to cover it in four different blog posts – one for each floor.  The main entrance to the penthouse is located on the second level which is where we start the tour below…

Entrance to Penthouse

Penthouse living room

Marquis penthouse view

dining room and kitchen

Marquis penthouse kitchen

Kitchen

Marquis Luxury Penthouse

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37 Comments on "The Largest Penthouse in Downtown Miami – Part 1"

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Wild Bill
Anonymous
Wild Bill
8 years 2 months ago

The Dollar Store called, they want their railing back.

Renter Tom
Anonymous
Renter Tom
8 years 2 months ago

I agree, that railing doesn’t do it for me at all…. How much for the condo?

GT3
Anonymous
GT3
8 years 2 months ago
Unfortunately, the great majority of developers put in sub-par railing in order to meet code standards. They would probably just leave out the railing if they could and qualify the void as another “designer ready” finish. Crappy railing aside, I am impressed at the amount of space and glass in the place. It’s even more impressive when one considers this is only one of four levels of the unit. The finish in the kitchen is distinctive. Reminds me of an ’88 Jaguar XJ6 burl woodgrain dash. Not for everyone, but still very much worth noting. All that said, prices at… Read more »
Joe
Anonymous
Joe
8 years 2 months ago

Lest anyone think I can’t say anything positive here, this looks like an amazing residence. I look fwd to the rest of the tour.

Wild Bill
Anonymous
Wild Bill
8 years 2 months ago

For reference purposes.

Icon South Beach PH1
Listing Price: $16,000,000
Selling Price: $12,140,000
Selling Price Per Square Foot: $1,145.28
Interior Area: 10600 sf (984.8 m)
Closed 2006
2008 Taxes $146,005.99

PH2 same building smaller unit
7/2007
Sale Amount: $7,000,000

Some penthouses in Miami are selling for 50% off asking price. Horrible job by owners to realistically price their units.

BillyK
Anonymous
BillyK
8 years 2 months ago

Lucas, why feature a condo in the multi million $ range, when most of the potential
buyers (99%) cannot even dream about purchasing? It would be the same as if I am
in the dealership to purchase a new Mini Cooper but instead you are redirecting me
to a new Rolls Royce convertible. What is the point? You want to impress me……..
tell me about a unit that sold for $450sq/ft in 2006, and just came on to the market
priced at $175sq/ft…..now you have my attention!

Lollie
Anonymous
Lollie
8 years 2 months ago

The condo is really nice, I also took a tour. The rep told me that the cheap railing is only to appease OSHA, and that the buyers will have a choice of finish out…

I’m curious to see what the final sales price will be. The rep told me that they wanted to ask $750/ft, but are expecting around $500/ft.

Richard
Anonymous
Richard
8 years 2 months ago

Looks like another “decorator ready” condo—-big a huge checkbook

scrivener
Anonymous
scrivener
8 years 2 months ago
It is definitely an interesting unit. The views depicted are terrific. What strikes me as unfortunate is the proximity of the unit to the expressway. It also strikes me that the developer went “all in” on a lot of cheesey appliances – – e.g. the wine cooler (which, from a practical point of view, do little more than take up space as they only “chill” wines to +/- 45 degress; not enough for a white wine). I echo WildBill’s comment – – the railing is, AT BEST, a Dollar Store product. (Maybe a free hat and a cup of soup… Read more »
kevin
Anonymous
kevin
8 years 2 months ago
Thanks for posting Lucas. Please continue the good work. I have not read the comments on your site in weeks. I decided to read them today because of this outstanding unit. The comments are still the same. Some of these a**holes who comment still don’t have anything nice to say. It’s a shame some people hate themselves, and always have a negative opinion about someone or something. So what about the railings? It’s decorator ready. Check the railings in Apogee PH A. before the glass railing and wood floors where put in. Those first metal railings belonged in a prison.… Read more »
DJ
Anonymous
DJ
8 years 2 months ago
I realize the decorator-ready thing is pretty much a scam and by-product of the bubble era, but I think in ultra high-end RE like this it kinda makes sense. The average joe buying a $200,000 condo likely doesn’t have the money to finish out a unit on top of paying the purchase price, so they’re gonna be looking for a finished unit, which might not be to their exact taste, but is still nice. Someone who is buying a property like the one featured here obviously has very deep pockets, and most likely, very distinctive taste, so it makes sense… Read more »
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[…] In case you missed part 1, click on the link below before continuing any further. Part 1 – Luxury Penthouse at Marquis […]

Julian
Anonymous
Julian
8 years 2 months ago

DJ – this decorator-ready thing is a bit of a US invention and I agree misdirects the buyer – I mena you need to add $45-$100 a sq ft to do something nicely. You don’t see it in the UK, France (well you’d have to put a kitchen in), and certainly not in Asia.

Dave
Anonymous
Dave
8 years 2 months ago

Don’t know if you would consider it “downtown” but the Santa Maria has two 10,000 square foot units, Bristol has a 9080 square foot unit, and the Four Seasons has 2 units over 8000 square feet as well.

Dave
Anonymous
Dave
8 years 2 months ago

The last one of Santa Maria’s 10,000 square foot units went for $14 million in 2007.

son of "ACE"
Anonymous
son of "ACE"
8 years 2 months ago

I thought my DAD “ACE”just bought the biggest penthouse in Miami for $118 a sq. ft.and he’s looking at another one right now. Go Daddy GO

son of "ACE"
Anonymous
son of "ACE"
8 years 2 months ago

Dad called about this unit and was told that a CANADIAN was interested in it for a weekend getaway.

Annamaria Capicchioni
Anonymous
8 years 2 months ago

The railing is so cheap it would have been better to leave it bare if the develloper did not have the money to put something else

JL
Anonymous
8 years 2 months ago

File this one under Real Estate Porn. Definitely nice to look at, and I hope it has 2 laundry rooms lol.

scrivener
Anonymous
scrivener
8 years 2 months ago

Ok, I can’t resist. How cheap is the railing?

That railing is so cheap, it’s on the dollar menu.
That railing is so cheap, they only got an xbox 180 with every purchase.

Thoughts?

Scriv.

JL
Anonymous
8 years 2 months ago

Annamaria,

It was mentioned earlier. The railing was only put in for legal reasons in order to show/sell the unit. It is expectd that a buyer will do the floors, railings, window treatments, terrace tiling, paint, yadda yadda.

JL
Anonymous
8 years 2 months ago

5,000 interior sq feet and the 2,700 sq ft terrace would work for me.

Big Ben
Anonymous
Big Ben
8 years 2 months ago

JL,

So are you saying this is too big? That’s like saying you can have too much money…

JL
Anonymous
8 years 2 months ago

You can never be too big for bragging rights, but the reality is, for practical use I don’t think I’d ever want to go over 5,000 sq feet. Seriously, can you imagine having to go to your private elevator, take it up 3 stories and go down a hallway to look for your wallet and keys… can’t find it, then take the elevator down 3 stories, look down 1 hallway, check out a couple roooms, then go up 1 flight of stairs, etc….

jcrimes
Anonymous
jcrimes
8 years 2 months ago
julian? wow….good to see you here. anyway, you all need to stop whining about the finishes in this place. whoever is buying it is going to rip ALL of it out and do what he/she wants with the space. at this price point, money isn’t an issue. as for the unit itself, it looks nice, but i’m curious, with that location on the expressway, why not move a bit south and buy a PH at TMP? i saw the icon PH a few years back (i’m not sure about the sales date listed above – i’m pretty sure i saw… Read more »
isellpower
Anonymous
isellpower
8 years 2 months ago

Estimated 150K per year in property taxes. Yowza! What are the monthly association dues on that joint or one like it, 6-10K per month? 22K per month even if you pay cash for the place. Dang.

GC
Anonymous
8 years 2 months ago
Great views and size but looks like an awkward layout. No terrace off of main living area….not good for entertaining. I am sure rooftop and lower terraces are nice, but much nicer to open sliders in living area for a party on a cool night. Terrace on lower level is semi-private as there is a semi-transparent divider with condo next door….not cool for $8 Million. Also, the space seems very cut up with differing ceiling soffits and odd structural beams, and weird room shapes….not elegant space. I found all of the layouts in Marquis to be very poor with wasted… Read more »
Condo Vulture
Anonymous
Condo Vulture
8 years 2 months ago

It’s just been announced that the Ace is running for Chris Dodd’s Senate Seat in 2010 as a Republican even though he’s a Libertarian.

If I lived in Connecticut Peter you’d have my vote.

scrivener
Anonymous
scrivener
8 years 2 months ago

I bet it gets really steamy in this unit when the sun comes up – – – side bets on whether the developer installed low-e glass. My money is on “no.”

For a similar experience, ask any one who lives in NeoVertika in a unit that faces east. When the sun comes up, it gets down right toasty! That “chink” nose? That’s the sound of the electric meters going in to high gear!

BFG IV

Joe
Anonymous
Joe
8 years 2 months ago
scrivener — I’ve been wondering the same thing about the glass in Continuum North, as that building also faces due east. —— As for the finishes (or lack thereof), I agree it’s mostly a scam, as the developers don’t price in a discount, but if I had $5-10 million laying around and bought a unit like this, I’d *much* prefer a bare unit like this one. If you’re going to spend $5-10 mil, you might as well spend another $250,000 to $500,000 to finish it exactly to your own specs/preferences, and it’s a lot faster to design from a bare… Read more »
scrivener
Anonymous
scrivener
8 years 2 months ago
Joe: Brilliant! A very valid point. I agree. If I were to purchase the unit, for say 10-12 mil, I would definitely go through it with a wrecking ball. Soup to nuts, full gut: install floor (with deadening felt/sound barrier!), spray foam insulation and sound barrier for the walls, rip out the ridiculous island and move the kitchen out of its “bat cave”, etc.) As for the windows, I don’t know what really can be done. Replacing the glass would be enormously costly and the condo association probably wouldn’t let it happen. But the glass is probably a real problem.… Read more »
laurent
Anonymous
laurent
8 years 2 months ago

To be honest had a lot of fun reading answers…really.
The funny ones, the teasing ones, the technical ones, the ‘expert’ ones,…etc…
Congratulation for your web site that seems to drive a lot of attention.
By the way, how much ?
I am travelling tomorrow to Miami for a week. If opportunities please call @305 987 7464

Enzo
Anonymous
Enzo
8 years 2 months ago

I am pretty disapointed by what I just saw. I thought that this penthouse would have a vew to the south but I see that it only has North and East… that sucks

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