Master Brokers Forum: Master Brokers Forum member Dora Puig presents this impeccably designed Faena House penthouse - an Art Deco masterpiece by Wetzels Brown Partners. One of the most exclusive boutique towers in Miami Beach, created by Foster + Partners.
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Own This Luxe Art-Deco Beachfront Bachelor Pad Designed by Foster + Partners in FAENA House For $2.495 Million
When in to ultra-luxury condo living in Miami Beach, little compares to that of FAENA House, which is home to one of Miami's priciest single-family residence sale ever recorded when Ken Griffen of Citadel purchased the penthouse for $60 million before relisting for $73 million.
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Featured Listing: Tour the Lavish Oceanfront Foster + Partners-Designed Faena House Condo Asking $9.5 Million
This lavish oceanfront Faena House condo, which is on the market asking $9.5 million, is the ultimate place to enjoy all the luxuries South Beach has to offer. The residence features 4 bedrooms, 5 full-bathrooms and 1 half-bath spread over 4,165 SF with an additional 1,301 SF lanai.
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Featured Listing: Faena House #10 Listed for Rent at $82,500 /mo.
Unit #10 at Faena House has been listed for rent at $82,500 per month for the 4,730 SF beachfront condo. The unit is 4 bedrooms and 6.5 bathrooms and features stunning ocean views from every room. It also features a grand dining room, gourmet kitchen, media room, Venetian terrazzo floors, wrap around balcony and 5-star Faena amenities including butler service, security, concierge, gym, pools, etc. Photos via Miami Real Estate Photographers.
$150 Million of Condos Hit Market in Faena House
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.