The CEO of a financial services firm is now the proud, and lucky, owner of a 14,000 square foot condo on the 25th floor of the ultra-chic St. Regis Bal Harbour Resort and Residences. In addition to the spacious, open floor plan, this mega condo has 4,000 square feet of terraces and views of the Atlantic Ocean, downtown Miami, and the Intracoastal Waterway. There are two elevators that provide access to the expansive abode, and the owner received five parking spaces with the purchase. The 25th floor condo sold for $22.75 million. Although the luxury market in Miami is impressive, this condo is a bit of an anomaly because the floor originally had five separate apartments, but a clever buyer knocked the walls down to create the super sized space.
The Bal Harbour area offers some of the finest Miami luxury homes, and this purchase certainly verifies that. Although many of the luxury condo buildings do not yet boast condos of this magnitude, there has been strong demand in the luxury real estate market, and these sort of spectacular properties just may become more of the norm in South Florida. In addition to housing impressive apartments, the St. Regis offers a number of amenities, including a gym and swimming pool, as well as less common, even more upscale amenities, such as butler and pet sitting services. And, the nearby Bal Harbour Shops boast some of the best shopping in all of South Florida. It is a gorgeous area with a lot to offer luxury investors.
If you are a prospective homebuyer in the market for a beachfront, luxury condominium and you aren’t keen on the hustle and bustle of the South Beach condo community, Bal Harbour and Sunny Isles Beach just may be the place for you to look!