The penthouse at L’Atelier Residences on Miami Beach as sold for $21 million. The buyer is KAYAK cofounder Steve Hafner who was able to lock down the spread that was originally asking $33 million off-market and later $25 million when first publicly listed. The sale price equates to $1,721 SF. The penthouse features 7,945 SF of interior space and 8,521 SF of outdoor space spread over 6 bedrooms and 6.5 bathrooms on the 17th and 18th floors. The unit also features a private rooftop with 40' pool and summer kitchen, a floating staircase, private elevator, 22' ceilings, and 360-degree views of the Atlantic Ocean, Biscayne Bay, Intracoastal Waterway, Miami Beach Skyline and Downtown Miami. Anna Sherrill and Daniela Bonetti of ONE Sotheby's International Real Estate were the list agents.

L'Atelier Residences is being developed by SMG Management, Shamrock Holdings and W Capital Group. The 18-story residential tower replaces the Golden Sands Hotel, but will still preserve the hotels historical 3-story facade and incorporate it as part of the new building's design. The building will feature 22 residences in 3 and 4 bedroom formats and will range from 2,300 SF to 4,600 SF. The building will feature amenities by HOLLY HUNT and Enzo Enea including a private beach area with attendants, infinity swimming pool, upper deck lap pool, 24 hour valet, Spa and state-of-the-art gym. This exciting building is sure to shake up the aging area between lower Miami Beach and Bal Harbor.