Photo Tour of Penthouse 1 at Palazzo Del Sol; Last Remaining Penthouse

Palazzo Del Sol has a total of 3 penthouse residences, appropriately named Penthouse 1, Penthouse 2, and Penthouse 3; each are trophy properties in their own right featuring 18-foot ceilings, a rooftop terrace with private pool designed by Enzo Enea, and lavish finishes throughout. A few weeks ago, Penthouse 3 at Palazzo Del Sol closed for $21.5M (over $3,200 per square foot) while Penthouse 2 went under contract just last month, making Penthouse 1 the last remaining penthouse at Fisher Island’s recently completed, ultra-lux condo development.

A few weeks ago, I was given the opportunity to tour and photograph Penthouse 1 at Palazzo Del Sol (see above and below). The two-story residence features 4 bedrooms and 4.5 bathrooms across 6,644 interior square feet. In addition, Penthouse 1 boasts 3,222 square feet of terrace space on the entry level plus an additional 1,949 square feet of terrace space on the rooftop level, for a combined total of 5,171 exterior square feet. While touring Palazzo Del Sol’s Penthouse 1, what impressed me most, besides its massive size, were the master bathroom, rooftop terrace, and kitchen, each eloquently designed and finished. See for yourself. The asking price for this mansion-in-the-sky is $26.4M.

An Awe-inspiring Look at Residence 7085 at Palazzo Del Sol

The second massive condo that I toured last week at Palazzo Del Sol was Residence 7085, a 5 bed, 5.5 bath condo with 7,630 interior square feet plus an additional 2,471 square feet of terrace space. Walking into the residence had my jaw hitting the floor. The openness of the entry and living room areas was highly impressive to say the least. Upon exiting its private elevator, I was greeted with a picturesque view of Government Cut and the Atlantic Ocean. The residence flows beautifully offering fabulous views of yachts entering and exiting the ocean from most of the rooms. The kitchen and bathroom finishes are simple yet luxurious, in line with the minimalist design preferences of today’s buyer. Most impressive to me was the amount of closet space in the master bedroom suite. It comes with over 300 square feet of His and Her closets plus a 230 square foot study located directly off the master bedroom which could easily be converted to a third closet if needed. (By the way, the photo at the bottom is the His closet. The Hers closet is about twice the size.) Residence 7085 is a palatial pad, perfect for a family in search of space and the exclusivity and 5-star services that Fisher Island has to offer. Asking $14M.

Check Out the Amenities at Fisher Island’s Very Plush Palazzo Del Sol

Residents are already moving in to Fisher Island’s completed Palazzo Del Sol, where the luxurious 47 unit building is the first new residential building to be completed on the ultra-private island in ten years. Designed by Kobi Karp, with interiors by Antrobus & Ramirez, and landscaping by Enzo Enea,  Del Sol takes Fisher Island’s traditional Mediterranean Revival architecture and modernizes it as much as possible. Lines are straighter, walls are glassier, and many of the interior spaces are just massive.

In a trend reflected in many of its amenities, like the spa facilities and the residents’ lounge and aperitivo bar, Del Sol is offering in-building services that residents previously had to travel to the island’s club to take advantage of. Whereas Fisher Island has always been very secure, Del Sol is the first building on Fisher with interior lobbies and door men. You can now chose to have your workout in the fitness center downstairs from your unit, or take your golf cart to do it at the Fisher Island Club. You can have your morning coffee at the aperitivo bar, or again, take that golf cart to the club. Other amenities include private massage rooms, a beauty salon, a children’s playroom, poolside cabanas for purchase, a business center, and a movie theater.

Largely completed, Del Sol is currently fitting out two model units which are expected to be completed by August. Next door, the building’s twin, construction of Palazzo Del Luna is underway. The foundation, with an underground garage like Del Sol’s, is complete, and vertical construction is beginning. The first crane to be put in place is easily visible from the MacArthur Causeway.

Palazzo Del Sol is being exclusively sold by broker Dora Puig’s Luxe Living Realty, which Miami Condo Investments is affiliated with.

Fisher Island’s Newest Resident is Momo the Flamingo

Momo the Flamingo.

Meet Momo. Fisher Island, that exclusive private island and club has a new addition to its aviary, home to exotic birds like parrots and a flock of flamingos: the two month old Momo the flamingo. According to the Facebook page for Palazzo del Sol, Fisher’s latest luxury condo building, it will take about two years for Momo’s soft gray feathers to turn pink. The aviary is open to club members, their guests, and hotel guests, so if you’re not in one of those three groups, or the help, well, here he is.

South Florida Luxury Condo Short Sales

Currently, there is only one foreclosure condo listed in the MLS that is priced at $1M or above.  That is a 3 bedroom/4.5 bath double corner unit at The Setai South Beach with 3,691 square feet of interior space.  The list price is $4.2M, or $1,138 per square foot.  However, there are currently 48 short sale condos listed in the MLS priced at $1M or above.  Below is a list of what I feel are the 10 best luxury short sale condos that are currently available:

• Aqua Allison Island #6111 – Asking $1.69M.  Property was purchased for $3.15M in June 2005.
• Mosaic #TH-3 – Asking $1.7M.  Property was purchased for $3.2M in February 2007.  Bank approved at $1.7M.
• Oceanside Fisher Island #7941 – Asking $1.85M.  Property was purchased for $3.9M in November 2006.
• Oceanside Fisher Island #7735 – Asking $1.85M.  Property was purchased for $2.4M in September 2005.
• Oceanside Fisher Island #7761 – Asking $1.95M.  Property was purchased for $3.2M in September 2005.
• The Bath Club #1004 – Asking $1,999,999.  Property was purchased for $3.5M in January 2007.  Bank approved.
• Turnberry Ocean Colony #2804 – Asking $2,295,000.  Property was purchased for $3.27M in January 2008.
• Bayview Fisher Island #5123 – Asking $2.3M.  Property was purchased for $3.7M in March 2007.
• Acqualina #4201-2 – Asking $2.8M.  Sales history not found.
• Oceanside Fisher Island #7821 – Asking $2.8M.  Property was purchased for $3.92M in November 2006.

Ten Recent Multi-Million Dollar Condo Closings in Miami – January 2009

The following are 10 luxury condos that have closed in Miami-Dade County since December 1, 2008:

1. Bayview at Fisher Island – Unit 5031/5032 – 3 bedroom/4.5 bath (6,830 square feet) – This condo sold for $5,600,000, or $820 per square foot, on December 11, 2008.
2. Apogee South Beach – Unit 1703 – 3 bedroom/3.5 bath (3,100 square feeet) – This condo sold for $4,125,000, or $1,331 per square foot, on December 4, 2008.
3. Grand Bay Residences – Unit PH2B – 3 bedroom/4 bath (3,625 square feet) – This condo sold for $3,619,000, or $998 per square foot, on December 29, 2008.
4. Villa Del Mare – Unit 7255 – 3 bedroom/3.5 bath (3,140 square feet) – This condo sold for $3,400,000, or $1,083 per square foot, on January 5, 2009.
5. Fisher Island – Unit 7652 – 3 bedroom/3.5 bath (2,950 square feet) – This condo sold for $2,950,000, or $1,000 per square foot, on December 19, 2008.
6. Bellamare – Unit PH1 – 5 bedroom/5 bath (6,663 square feet) – This condo sold for $2,600,000, or $390 per square foot, on December 15, 2008.
7. Grovenor House – Unit 2301 – 4 bedroom/5.5 bath (4,026 square feet) – This condo sold for $2,250,000, or $559 per square foot, on December 12, 2008.
8. One Bal Harbour – Unit 208 – 3 bedroom/3.5 bath (2,681 square feet) – This condo sold for $2,202,500, or $822 per square foot, on December 22, 2008.
9. Akoya – Unit TS03 – 3 bedroom/4.5 bath (3,377 square feet) – This condo sold for $2,070,000, or $613 per square foot, on December 30, 2009.
10. Murano at Portofino – Unit 3202 – 3 bedroom/3 bath (2,618 square feet) – This condo sold for $2,050,000, or $783 per square foot, on December 5, 2008.