A new record breaking sale has just closed at 1 Hotel and Homes South Beach as PH-1609 has sold for $11,500,000, or $3,233 SF. The price reflects a new record price per square foot for 1 Hotel and Homes South Beach and is the second highest price per square foot sale in Miami Beach in nearly 3 years. The buyer is Ronald Haft, CEO of Combined Properties Inc., from Beverly Hills, CA, who was represented by Michael Toomey of the Toomey Team at Keller Williams. PH-1609 was represented by Tracy Galya, Director of Sales & Zaida Dudash, Sales Executive of Douglas Elliman Development Marketing, who is the exclusive sales and marketing firm for the property. 1 Hotel & Homes South Beach is located at 102 24th St. and is now 92% sold.

Penthouse 1609 offers 3,557 SF of indoor living space with an additional 730 SF terrace spread over 3 bedrooms and 3.5 bathrooms. The residence is designed and furnished by Debora Aguiar and Artefacto, creating a mindful connection between people and nature. The attention to detail is evident throughout the stunning interiors which take inspiration taken from the penthouse’s coastal setting. Interior finishes include limestone and teak accents to silver travertine and white quartz, every design element soothes the senses.