Jorge M. Perez, the billionaire Chairman and CEO of Related Group, has sold his Apogee Beach PH in Hollywood, FL for a record $6,000,000 to William Schwitzer, CEO of William Schwitzer & Associates, a personal injury law firm based in NYC. Perez’s penthouse 2401 at Apogee Beach in Hollywood, FL was represented by Oren Alexander of Douglas Elliman while Schwitzer was represented by Gillian Fessler of Douglas Elliman. The 5,051 SF residence traded at $1,190 PSF which equates to over 285% increase since Perez acquired the property in 2013 for about $2 million.

The full-floor penthouse features 6,307 SF of terraces, has five bedrooms, a den, five full bathrooms and one half-bathroom. The penthouse at Apogee Beach was completely custom designed to be a luxurious home for entertaining and grand living with extraordinary views in every direction from its many outdoor spaces, including the all-encompassing balconies on the east & west facades, an expansive rooftop deck with outdoor kitchen and private pool, and a private poolside cabana downstairs. The residence features custom interiors with high ceilings and pale wood floors, a massive living room, and a master suite complete with private office.

“All of South Florida is seeing huge growth, but few markets can even come close to Hollywood Beach in terms of price appreciation,” said Jorge M. Perez, CEO of Related Group. “This neighborhood was long overlooked, but this transaction, and the considerable pent-up demand for similar product, is reaffirmation of what we’ve always known – Hollywood, Hallandale and other hidden gems across the region are poised for their moment in the sun.”

Related Group completed the Apogee Beach condo tower, located at 3951 South Ocean Drive, in 2013. It was designed by architect Carlos Ott, interiors by New York-based David Rockwell and art contributions by Michele Oka Doner and Carolina Sardi. The beachfront condo was the first new construction project developed post 2008 financial crisis on the barrier Island, and has been touted as the pilot for all post-crisis developments across South Florida.

Images via Douglas Elliman