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.