• News
    • PROFILEmiami Events
    • Explore Past Events
    • Event Sponsorship
    • Collaborate with Us
  • Development
  • Residential
  • Commercial
  • Lifestyle
  • TV / Podcast
    • Our Story
    • Advertising
    • Instagram
    • Subscribe
    • Contact
  • Get Featured
Menu

PROFILEmiami South Florida Real Estate and Lifestyle

The Real Estate Mogul's Guide to South Florida
  • News
  • Events
    • PROFILEmiami Events
    • Explore Past Events
    • Event Sponsorship
    • Collaborate with Us
  • Development
  • Residential
  • Commercial
  • Lifestyle
  • TV / Podcast
  • About Us
    • Our Story
    • Advertising
    • Instagram
    • Subscribe
    • Contact
  • Get Featured
PROFILE Hospitality Summit 2025 Banner Real Estate Networking Event-2.png

landscape-1443117369-faena-house-penthouse-terrace.jpg
image.jpg
landscape-1443117369-faena-house-penthouse-terrace.jpg image.jpg

$150 Million of Condos Hit Market in Faena House

August 5, 2016

Will Miami's luxury condo market get a jolt from Faena House? Time will tell, but $150 million of units are back on the market as investors seek to flip their investments, which sold-out at $407 million. The last developer unit closed in May to Paul Cejas, who purchased a unit for $20 million. Hedge funder Ken Griffin purchased the double penthouse units for $60 million and has listed them at $55 million and $18 million a piece. It can be typical for units 10% to 20% of units to hit the market after a building is delivered, which is right where Faena House is at 9 of 44 currently listed. Despite that some units have been listed for close to a year. Currently listed units range from, $3.7 million to Griffin's $55 million and sellers plan on holding firm on their pricing.

In Miami Beach, News Tags Faena, Faena House, Miami Beach, New Construction, News
← Turnberry Ocean ClubMiami Median Listing Price Down →

Subscribe

Sign up to stay up to date with the latest in Miami residential and commercial real estate news and content.

We respect your privacy.

Thank you!

Latest Posts

Featured
Dec 3, 2025
Developers of The St. Regis Residences, Sunny Isles Beach, Miami Secure $418.3 Million Construction Loan Package
Dec 3, 2025
Dec 3, 2025
Dec 2, 2025
Josh Flagg Lists Reimagined Mediterranean Villa on Miami Beach's Exclusive North Bay Road For $10 Million With Jordan Karp LLC
Dec 2, 2025
Dec 2, 2025
Dec 2, 2025
Allen Morris Co. Locks Down $138.5 Million Construction Loan For Ziggurat Coconut Grove
Dec 2, 2025
Dec 2, 2025

Subscribe

Sign up to receive PROFILEmiami’s Bi-Weekly Newsletter to stay up to date with the latest in South Florida residential and commercial real estate news and content. Actively read by 15K+ of South Florida’s Top Real Estate Industry Professionals. Covering Miami, Fort Lauderdale and the Palm Beaches since 2016.

We respect your privacy.

Thank you!
Advertising

Copyright @ PROFILEmiami - 2024

Privacy Policy

PROFILEmiami takes no ownership of any imagery unless otherwise noted.