Anybody Want This Russian Oligarch Starter Pad at Jade Beach?
Okay so it’ll be a couple years before you’re Dmitry Rybolovlev. At the moment you can only dream of going on hunting trips with Putin, or being the guest of honor on Roman Abromovich’s yacht. You’re a Russian oligarch on the make, and you’re still going up in the world, so you need the perfect oligarch starter pad in Sunny Isles Beach, commonly known as the Russian Riviera. You can’t afford a penthouse at Acqualina (either the Mansions or the Estates) with a glass-bottomed pool, just yet, so here’s a nice cozy two-story number listed for $6.25 million. Unit 4505 at Jade Beach has a roomy 4,141 square feet of living space, four bedrooms, five baths, a private elevator and foyer entry, and it’s already decked out in Fendi Casa, the same furniture as Acqualina. The listing doesn’t say it comes fully furnished, but you could probably negotiate.
Jade Beach Penthouse 4904
A few days ago, I decided to drive up to Sunny Isles Beach to check out Penthouse 4904 at Jade Beach. It sounded exceptionally priced for a penthouse of that size so I had to see it for myself. The tri-level unit has 5 bedrooms, 6.5 baths with 8,210 interior square feet along with a monstrous 5,790 square feet of terrace. It comes equipped with an outdoor Jacuzzi and an in-unit elevator. The floor-to-ceiling glass windows throughout the penthouse allow for breathtaking views of the Atlantic Ocean or the intracoastal waters from every room.
The asking price is $8.9M, or $1,084 per square foot, which is quite a bargain for a penthouse of this caliber. In fact, it is the lowest price per square foot of any unit over 6,000 square feet in Sunny Isles Beach that is currently on the market.
6 Bedroom Penthouse at Jade Beach Goes Under Contract – Asking Price $11M
Yesterday, the spectacular 6 bedroom/7.5 bath penthouse at Jade Beach went under contract providing additional evidence that the luxury market in South Florida is flourishing. The 3-story penthouse has 8,210 square feet of interior and 5,791 square feet of terrace. The asking price is $11M, or $1340 per square foot, and is being offered fully furnished. No word yet on who the buyer might be or how much was offered.
Recent Luxury Sales within the Past 30 Days
- 88 La Gorce sold for $16M on June 11, 2010
- The Setai Penthouse B sold for $15m on June 4, 2010
- Santa Maria Penthouse 4901 sold for $11M on May 21, 2010
- One Bal Harbour Penthouse 2108 sold for $8.7M on May 25, 2010
- 40 La Gorce sold for $7.4M on June 11, 2010
- Apogee South Beach #904 sold for $6.55M on May 21, 2010
- Ocean Tower One #501 sold for $5.2M on June 3, 2010
Fannie Mae Approved Condo Buildings in Florida
As of June 1, 2009, Fannie Mae updated their website to reflect the condo developments in Florida that are now approved for financing.
The following is a list of recent condo developments in South Florida that are now Fannie Mae approved:
View the full list of Fannie Mae approved condo developments in Florida.
