The fully furnished, two-story penthouse on top of Faena Hotel Miami Beach is slated to hit the market shortly for $50 million. Unit 1401 is one of twelve private residences at the Faena Hotel Miami Beach. The unit is 9,979 SF with an additional 4,435 SF of outdoor space with private terraces and a rooftop deck. It features 6 bedrooms, 5 bathrooms and 4 half-baths. The pricing breaks down to around $5,010 SF. The unit was designed by film producer Baz Luhrmann and designer Catherine Martin to match the art-deco old-world ambiance, luxury and style of the Faena Hotel and district which opened in December 2015 on the site of the former Saxony Hotel. Alan Faena had announced last month that they were shelving the future Faena Versailles residential condominium project in order to better assess the market in favor of a potential hotel at the same location. Listing and photos by Douglas Elliman.