Boris Jordan Reduces 321 Ocean Penthouse To $39.5 Million, Down From $53 Million
Russian American financier Boris Jordan has slashed the price on his rooftop penthouse at South of Fifth’s brand-new 321 Ocean. The fully furnished property spans the entire ninth and tenth floors of the 21-unit oceanfront building and boasts a whopping 6,400 square feet of outdoor living space and 6,800 square feet of interior living space.
Jordan purchased the penthouse in 2015 for $20 million but then listed it for sale for $53 million in January 2016, when the building was completed. Without any takers, he lowered the price to $47.5 million in June and then today, down to $39.5 million. It was initially reported that the penthouse was listed for sale after the Jordans saw the success other penthouse investors were having in Faena House and The Edition, but given the steep price reductions, it seems he is more eager to sell now.
The interior of penthouse has 4 bedrooms, staff quarters, 5 full baths and 2 powder rooms. The flow-through layout provides both ocean and city views. The kitchen is decked out with Miele & Sub Zero appliances. The rooftop is nothing short of ah-mazing with a 36 foot infinity pool overlooking the beach, multiple seating areas, a fire pit and summer kitchen as well as a dining table that seats FORTY PEOPLE. That’s right, nearly an entire NFL team could enjoy dinner together as one big happy family on the terrace.
Have a look at the 321 penthouse photos below. What do you think of the design? Do you think it will sell this year?
Mario Chalmers Is Eager To Sell That Double Apartment He Bought From Drake
Earlier this week, Curbed reported that people are not necessarily lining up to purchase celebrity-owned real estate and it seems Mario Chalmers got the memo. According to the listing agent, they are reducing the price of his double condo at Marquis Residences to $2,990,000 from the original $4,000,000 ask… and there is still room to negotiate.
If you are a regular reader, you will remember that Chalmers purchased the condo from Drake in 2012 for $2.4M. Drake had previously purchased two apartments from the developer of Marquis and combined them to make one amazingly huge penthouse with a view of the American Airlines Arena. He even filmed one of his music videos from the apartment before the interior finish-out was completed. I wish I could remember the name of it, but I don’t really listen to Drake so the actual video name escapes me. Maybe someone can refresh my post-hurricane foggy memory. (UPDATE: Thank you to Eliot Ramos for reminding me that the video is ‘I’m On One’)
Anyway, In 2014 Chalmers decided that he did not like having a view of the office and put the property on the market for $4M. That didn’t work, so in early 2015, he took the property off the market for a bit. After getting traded to the Memphis Grizzlies in November, I guess he decided he doesn’t need the apartment after all, so relisted the property with a lower price of $3,590,000. And here we are today.
The Curbed article suggests that one of the reasons celebrity owned properties are difficult to sell is that they add upgrades that a typical buyer would not be interested in. That doesn’t really seem to be the case here. The upgrades are certainly a personal touch, but nothing out of the ordinary. Pharrell Williams also had a tough time selling his penthouse in Brickell, ultimately selling for more than $3 million less than his purchase price. Lil’ Wayne is also having an impossible time with his Miami Beach home.
It seems that the property is well-priced too, at least according to the recent comparable sales. This past December, unit 5106 sold with furnishings for $2.9M. At 3,800 square feet of interior space, that amounts to $763 per square foot. With the new price reduction, Chalmers is offering his place for $546 per square foot. It seems this is a great opportunity to purchase a trophy property at a bargain price.
Here are some photos from the MLS. Let us know what you think, and if you have any ideas of why this one hasn’t yet sold.
Duplex Penthouse with Soaring Windows at 4 Midtown Wants $2.232 Million
Photos via broker Adrian Gonzalez.
The 3,557 square foot Penthouse 4 at 4 Midtown condominiums is on the market for $2.232 million and is stocked with a soaring, curvy-windowed living room with southeastern views over the Miami skyline, Biscayne Bay, and Miami Beach. Sure it could work for a family (Midtown is known for having lots of those) but something about the glassy master bedroom just screams ‘bachelor bacchanal chic.’ Living here would sort of be the Miami equivalent of living in Brooklyn, somewhere with a great view of the Manhattan skyline but slightly apart. Still a very cool neighborhood, but, at just over $2 mill, skipping the prices of an equivalent penthouse somewhere Downtown or in Brickell, while being able to see it all out your giant bay window. It’s all a matter of interpretation. Full disclosure, those bay views may be luscious, but see those two little buildings under construction due east? Those are Paraiso Bay and Biscayne Beach. Neither is anywhere near so little anymore, and there are more to come. The unit is listed with broker Adrian Gonzalez.
Brickell’s Taj Mahal-Inspired Penthouse Under Contract
It is one of Brickell’s most unique and storied penthouses, nestled above The Palace Condominium and spanning over 5,800 square feet in 3 levels of Moroccan-inspired glamour. The Brickell Taj has had only 3 previous owners since it was built in 1981. That may soon change as a contract was accepted this week.
According to local legend, the penthouse was originally intended to be the Miami home of New York’s “Queen of Mean,” Leona Helmsley. Instead, the property was sold to a Saudi Sheik who spent 2 years with a team of 27 Moroccan craftsmen to finish the interior as an Arabian palace for his use while visiting the Magic City.
The property boasts 6 bedrooms and 4.5 bathrooms of hand-crafted wall designs and intricate tile mosaics with Turkish, Indian and Persian influences. A glass atrium offers amazing entertaining space with a 3,000 square foot terrace that spans the entire width of the building’s rooftop.
After nearly 20 years and very little use, the Sheik sold the palace atop The Palace to a developer and weapons collector, who has now received a contract from an unnamed buyer. The property had been on and off the market several times over the last 4 years without finding a buyer. In 2012 it hit the market with an asking price of $4,199,000 but was reduced to $2,295,000 at the time of sale… an excellent case in point of the fact that no matter how ornate or beautiful the property, spaces that are uniquely designed are notoriously more difficult to sell.
Photos courtesy of MLS
Regalia Introduces a $45 Million Penthouse
“Life’s Magnum Opus” – That is the tagline for Regalia’s crown jewel, the 43rd floor penthouse. And what a jewel it is!
The penthouse spans the top two floors of the tower and also includes a 6,000+ square foot rooftop pool deck with a 360 degree terrace overlooking the Atlantic Ocean, Intracoastal Waterway, Golden Beach, Miami Beach and the Miami skyline. There are two other terraces, the 43rd floor has a 360 degree terrace and the 44th floor has one that spans 270 degrees. The rooftop pool deck also has a summer kitchen with retractable Louver shading, an indoor wet bar and a full bath.
Indoors, owners will find 6 bedrooms and 7.5 bathrooms spanning 10,000+ square feet. The three levels are tied together with a custom glass elevator and a floating grand staircase in the double height great room.
While visiting, guests can enjoy a dining room that seats 12, custom stone and glass wine cellar, a game room with designer billiards table, and a lounge theater and bar. The dining room and billiard table have custom pendant lighting fixtures. An art gallery mezzanine overlooks the double height great room.
For the owners, the grand master suite leaves nothing to be desired. A private spa holds a steam room, sauna and massage beds. The bedroom has a drop-down ceiling television and midnight bar, wine cooler, glass enclosures and secure safes. The grand master bath offers stone flooring and walls with glass enclosures, couples’ Jacuzzi tub with hydrotherapy and air treatment jets, and his and hers glass showers with rain heads, body jets and hand held fixtures. The dressing areas offer his and hers vanities with a separate make-up area for her and walk in closets.
Given that the name Regalia means, “the emblems or insignia of royalty, especially the crown, scepter, and other ornaments used at a coronation,” this residence is certainly fitting of the name. See below for additional photos and floor plans:
Regalia tower in Sunny Isles Beach
Level 1 Layout
Level 2 Layout
Level 3 Rooftop Pool Deck Layout
Dwyane Wade’s Downtown Miami Penthouse is For Sale
For just $2,995,000 you too can sleep in the same bedroom once occupied by Dwyane Wade himself. Back in 2011, the developer of Vizcayne Condominium in Downtown Miami outfitted the penthouse especially for Mr. Wade’s use. The property was later sold to an investor from Miami Beach who sold it to an investor from New York who is now happy to sell it to you.
The photos provided to us by the MLS are not the high-quality ones that we typically like to see in a $3 million penthouse, but the features are. The apartment spans 3 floors on top of Vizcayne’s North Tower and includes 3 full bedrooms, 5.5 bathrooms, 2 living areas, a study, sky loft and 5 terraces with one being on the roof overlooking the AA Arena where Mr. Wade works.
Inside the building itself, residents enjoy over-the-top amenities. The pool deck includes 3 resort style pools, a sunset pool, Jacuzzi and catering bar. Inside the amenity center is a fitness center & spa that rivals even some of the popular chain gyms, a movie theater, game rooms, business centers, board rooms and a padded jogging deck with a view of the Biscayne Bay. There is also 24 hour doorman, valet and security.
The current owners certainly seem excited to part with their investment, offering incentives for a quick closing and even offering to lease the property for $12,900/month. Have a look below at the additional photos courtesy of the MLS and floor plan:
Jeremy Shockey Lists South Beach Penthouse for $3M
Miami legend and ex-NFL stud Jeremy Shockey has listed for sale his South Beach penthouse. The residence, located on the 36th floor of The Waverly South Beach, has 3 bedrooms, 3 baths with 2,582 interior square feet and offers sweeping views of Biscayne Bay and the Downtown Miami skyline. According to property records, Shockey paid $1.45M for the penthouse in July 2005; he now has the property listed for sale for $3M ($1,162 per square foot).
As an instrumental member of the Miami Hurricanes in 2001, Jeremy Shockey was a national champion and All-American. He then went on to have a remarkable NFL career earning two Super Bowl rings, one with the New York Giants in Super Bowl XLII and a second with the New Orleans Saints in Super Bowl XLIV.
Earlier this morning, Shockey posted the image below on his Instagram account along with the following caption: Never gets old taking a shower in here going to miss the Penthouse!
Below are photos of Shockey’s penthouse from a previous MLS listing:
Below are additional property photos that were recently posted to Shockey’s Instagram account:
Just Listed – 3 Bedroom Penthouse at Trump Palace in Sunny Isles Beach – Asking $2,350,000
It is with great pleasure that I present my newest listing – an immaculate 3 bedroom penthouse at Trump Palace in Sunny Isles Beach. This one is a beauty and is priced to sell quickly!
The impeccably designed penthouse offers sweeping, unobstructed views of the Atlantic Ocean, Intracoastal waterway, and Downtown Miami skyline, along with picturesque views of the sunset from 12-foot high floor-to-ceiling windows. The recently renovated 3 bedroom, 3.5 bath condo has 2,435 interior square feet with balcony access off the master bedroom, second bedroom, living room, and kitchen. Over $500,000 spent in renovations and upgrades. Features include: 36×36 white porcelain flooring throughout; custom LED lighting; electric shades; built-in closets; and custom kitchen with white Quartz countertops, matching cabinets from Spain, stone backsplash, and high-end, stainless steel appliances by Sub-Zero, Bosch, and Gaggenau. Unit includes valet parking for unlimited cars. Asking $2.35M, or $965 per square foot. Furniture not included but negotiable.
Trump Palace is a 55-story, luxury, oceanfront condo development located at 18101 Collins Avenue in Sunny Isles Beach. Amenities include: 24-hour, full-service concierge; state-of-the-art-fitness center with views of the Atlantic Ocean and coastline; men’s and women’s spa with sauna, steam room, and hot tub; 24-hour valet parking for residents and guests; private beach access; private pool and hot tub; tennis courts; and use of all amenities at neighboring Trump International Beach Resort.
The photos here speak for themselves. For showings, please contact me on my cell phone at 786-247-6332 or via email at [email protected].
Below is a video tour of the unit as the sun is setting:
Best Deal in Brickell! Fully Furnished 1 Bedroom Penthouse on the 44th Floor – $310,000
Update: Price has been reduced to $310,000. Includes furniture.
Earlier today, I got another new listing signed. This time a beautifully furnished 1 bedroom penthouse with 12-foot ceilings and ceramic tiled floors throughout. The 783 square foot condo is located on the 44th floor of Latitude on the River and offers amazing views of Biscayne Bay and the Brickell skyline to the south. The unit comes with one assigned parking space located on the 6th floor of the parking garage. That is extremely rare since almost all 1 bedroom units in the building come with one valet-only space. The kitchen comes equipped with stainless steel appliances, granite countertops, and white Italian cabinetry. The unit includes a large walk-in closet in the bedroom along with a second spacious closet in the hallway. It is important to note that this unit completely clears the Latitude One office building situated just in front of Latitude on the River. Most of the south facing units do not.
Latitude on the River is located at 185 SW 7 St, just two short blocks away from the upcoming mixed-use development called Brickell City Centre. The nine acre development will include an array of luxury shops and restaurants as well as a number of entertainment options. Phase one completion of the one billion dollar development is scheduled for next year.
The maintenance fee for this condo is $554.39 per month. Based on recent rental comparables, this furnished unit should easily rent for $2,000 per month on an annual basis. Renting the unit on a short-term basis would also be an option since Latitude on the River allows rentals with a 3 month minimum. Latitude is also a pet friendly building permitting up to 2 dogs with a maximum weight limit of 70 pounds.
Additional pictures of the penthouse, along with the floor plan and pictures of the building amenities, can be found in the slideshow below. Please contact me if you or someone you know has an interest in scheduling an appointment to view this beautiful condo in person. I am also available to answer any questions you may have. I can be reached via email at [email protected] or on my cell at 786-247-6332.
Penthouse Sale at Marquis Breaks Record on Per Square Foot Basis
Recently, a record-breaking sale took place at Marquis in Park West Miami. Unit 6101 – a 4 bedroom, 4.5 bath bi-level penthouse encompassing 3,729 interior square feet – sold last Friday for $2,675,000, or $717 per square foot. This made it not only the highest sale to ever take place at Marquis on a per square foot basis, but also the first sale in the building to the eclipse the $700 per square foot threshold. The view – which is amplified by its soaring 20-foot, floor-to-ceiling glass windows – is nothing short of spectacular. The condo, located on the southeast corner of the 61st floor, offers views of the Miami Beach skyline, Downtown Miami, Biscayne Bay and the Atlantic Ocean.
The penthouse was priced extremely well. I know firsthand that there was a high level of interest from buyers. The unit lasted not even two weeks on the market before going under contract and ended up selling $175,000 above asking price.
The unit was purchased decorator-ready directly from the developer in March 2011 for $1,730,000, or $464 per square foot.
It is important to note that this penthouse is not one of the penthouses that includes a rooftop pool. As you may recall, one of those penthouses sold decorator-ready in June 2010 for $4.2M, or $525 per square foot. That was the mammoth penthouse at Marquis with 8,000 interior square feet across four levels. In case you’re wondering, that is the largest penthouse currently in existence in Downtown Miami. That record will be shattered once THE PENTHOUSE at One Thousand Museum is completed. That penthouse will have a mind-blowing 15,000 interior square feet.
