Carlos Justo was the previous owner of the 5 bedroom penthouse foreclosure at Imperial at Brickell that was recently showcased on this website. In today’s video show, we feature an Associated Press interview that was filmed in that very penthouse.
Penthouse B at The Setai is one of the most visually stunning pieces of real estate in South Florida. The 10,000 square foot penthouse was reduced last month to $19,999,999 from a previous asking price of $22M. In February 2006, the sellers were asking a whopping $34M. The fully furnished 4 bedroom/4.5 bath penthouse has approximately 6,200 square feet of interior space and 3,800 square feet of terrace which includes a lavish private pool and hot tub. Encompassing the entire 40th floor at The Setai, Penthouse B offers 360 degree views.
Earlier this afternoon, an episode for next season’s “Burn Notice” was filmed in Penthouse 5708 at Marina Blue. The 4 bedroom/4 bathroom penthouse has 4,198 square feet of interior across two levels, 20-foot ceilings with floor-to-ceiling glass windows and panoramic views of Biscayne Bay, the Atlantic Ocean and the Miami Beach skyline. It offers what many would call the most spectacular view in all of Miami.
Penthouse 5708 has been on the market for 71 days at an asking price of $3.3M, or $786 per square foot.
A 5 bedroom + den/6.5 bath, three-story penthouse sold for $250 per square foot at Ten Museum Park on November 6, 2009. The penthouse, with 20-foot ceilings, has 5,394 square feet of interior, 1,779 square feet of terrace and a private dipping pool on the roof. Prices have come down considerably at Ten Museum Park within the past 18 months. About a year and a half ago, a 3 bedroom/4.5 bath penthouse at Ten Museum Park sold for $622 per square foot. Although it was one of the first to be completed during this past condo boom, unsold developer inventory at Ten Museum Park still remains. I recently received an email stating the developer was looking to let all remaining lofts go for $300 per square foot. It’s going to be difficult to justify that amount when a penthouse just sold for $250 per square foot.
The long awaited Paramount Bay is now available for purchase. I had a chance to tour the building last week and take a look at some spectacular penthouse condos. Paramount Bay is the most technologically advanced residential building in the city of Miami. It is completely wired with fiber optics for Internet, telephone and cable which are included in the monthly maintenance fees. Additionally, channels from over 30 countries are available through the digital cable provider. Each and every unit comes with a P:Link tablet system which allows you to control and monitor lighting, music, window treatments, etc. from anywhere in the world. Each unit also comes with one assigned parking space plus one complimentary valet space. Additional spaces are available for purchase. There are three floors of parking with a total of 600 (correction: 595) spaces available. All of the condo residences have a private elevator and 10-foot ceilings. Monthly HOA fees are 55 cents (correction: 65 cents) per square foot which are fixed for the first two years. The building is expected to be Fannie Mae approved by the end of the month. I also know a lender who can do stated income/stated asset loans at 60 percent LTV for foreign national clients.
Paramount Bay has a total of 46 floors but the penthouse condos are staggered across the building. There are a total of 11 penthouse units. The most appealing aspect about the penthouses at Paramount Bay is the size of the terraces. They are enormous! These were made for people who love to entertain outdoors for a large group of people. Another interesting feature of the penthouses is that they each come with a maid’s quarters that is located outside the unit.
The penthouse in the pictures below has 3,455 square feet of interior and an amazing 3,089 square feet of terrace.
All of the appliances hadn’t yet been installed in the penthouse I saw. The unit will have 2 Sub-Zero refrigerators, 2 Wolf ovens, 2 microwaves and 1 full height Sub-Zero wine bottle refrigerator.
Every unit in the building has a direct view of Biscayne Bay and the Miami Beach skyline.
The master bedroom
Master bathroom
Air jet Jacuzzi tub
The penthouse master bathroom has a glass-enclosed shower with a rain shower head, handheld shower wand and body jets.
All units in the building have a dual flush toilet. This is a great eco-friendly feature and will end up saving the HOA money.
Second bedroom also has a direct water view.
Second bathroom
Third bedroom faces west
Full-sized side-by-side washer and dryer
Three shots of the maid’s quarters which is located across the hall from the unit. It comes equipped with a full bathroom.
The terraces are an entertainer’s dream
The condo docs do not contain covenants against the placement of a hot tub, pool or outdoor kitchen. In fact, the terraces were poured with 12 inches of reinforced concrete with the purposes of supporting the weight of a pool or hot tub.
The best condo deal that closed in the month of September actually wasn’t a short sale or foreclosure. Unit 3715 at 1800 Club was a developer unit that sold for $700,000, or $170 per square foot, on September 3, 2009. The 4 bedroom/4.5 bath penthouse condo has 4,120 square feet of interior and a 2,327 square foot bi-level rooftop terrace with a private Jacuzzi. Grant it, the penthouse faces southwest and only has partial views of Biscayne Bay, but I think the developer gave this sweet pad away at $170 per square foot.
I’ve saved the best for last. In my opinion, the penthouse at Marquis offers the best views of any condo building in Miami. Four Seasons Residences is a slightly taller building than Marquis but I’m definitely partial to the views from Park West, Downtown Miami and the Arts District over those offered from more southern neighborhoods such as Brickell. The fourth floor of this 4-story, 8,000 square foot penthouse has a spacious bedroom and large rooftop terrace with a dipping pool. The views are simply majestic. It’s amazing how minuscule some of the buildings look from the 66th floor. Take a look for yourself.
Be sure to also view the pictures of floors 1, 2 and 3 of this 4-story penthouse at Marquis:
Part 1 – The Largest Penthouse in Downtown Miami
Part 2 – Luxury Penthouse at Marquis
Part 3 – 8,000 Square Foot Penthouse at Marquis
Let’s continue onto the third floor of the four-story, 8,000 square foot penthouse at Marquis Residences. The entire third floor is comprised of the very spacious master bedroom, his and hers walk-in closets and master bathroom. The master bathroom has his and hers vanity; a walk-in, glass enclosed shower; a separate glass enclosed, steam shower and a Roman soaker tub with an amazing view that clears all of the buildings within sight.
The tour of the fourth and final floor will be published tomorrow. The views from the expansive rooftop terrace are second to none!
Be sure to view the pictures of floors 1 and 2 of this 4-story penthouse at Marquis:
Part 1 – The Largest Penthouse in Downtown Miami
Part 2 – Luxury Penthouse at Marquis
The tour continues on the lowest level of the 4-story luxury penthouse at Marquis. Of the four floors, the lowest level is the most spacious with 3 bedrooms, 3.5 bathrooms, a den with a large terrace, and a laundry room with side-by-side front-loading washer and dryer. I got a kick out of the three full-sized circuit breaker panels. I don’t think I’ve ever seen a condo with more than two.
The next two levels of this luxury penthouse are the most impressive of the four floors so stayed tuned.
In case you missed part 1, click on the link below before continuing any further.
Part 1 – Luxury Penthouse at Marquis
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…
