Apogee South Beach Penthouse Sells For $11.5M

Penthouse A at Apogee South Beach closed yesterday for $11.5M.  The transaction is the highest priced condo sale in Miami Dade County in 2011.  Furthermore, it also is the  fifth highest condo resale in Miami-Dade history. The penthouse has 6,853 square feet of interior, over 11,000 square feet of terrace, a private rooftop pool, a summer kitchen and offers 360-degree views of the Atlantic Ocean, Biscayne Bay and the city.  The buyer was an undisclosed person from Europe.

2011 may turn out to be a very hot year for the luxury real estate market in Miami.  There should be a lot of activity in the coming months, particularly in the luxury homes market.  Currently, there are five waterfront homes priced over $9M that are under contract with the highest being a 15,008 square foot home listed for $32M. I’ll be sure to keep an eye on these properties and report back once they close. In the meantime, enjoy the following pictures of Penthouse A at Apogee South Beach.

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Lucas Lechuga

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