Miami Sees Second Highest Priced Crypto Sale As Marquis Residences Condo Sells For $7.2 Million

The Downtown Miami market is on fire amidst a number of building launches and splashy sales. Now the City of Miami has seen its first crypto sale of the year as Unit 5306 in Marquis Residences has sold for $7.2 million in Ethereum that was transferred to USD Coin, a digital stablecoin that is pegged to the United States dollar, for the transaction. The sale is the second largest in Downtown Miami behind a $7.2 million sale at the nearby One Thousand Museum and the third highest in the Miami area ranking behind a $22.5 million deal at Arte in Surfside, both last year. Madison Roberts and Zach Oppenheim with Oppenheim Realty represented the buyer in the transaction, and Enzo Rosani of Barnes International Realty represented the seller, along with Ricardo Assaf with Unblock Capital, who helped mediate the crypto transfer. Coral Gables Title & Escrow handled the closing. Roberts and Oppenheim also represented the buyer in the One Thousand Museum deal last year.

Marquis Residences is located at 1100 Biscayne Boulevard in Downtown Miami. The buyer is a business developer from Central America. The triplex spans 6 bedrooms 7 bathrooms and 6,952 square feet. The two-story residence offers floor-to-ceiling windows overlooking the entire city and ocean, a movie room, designer kitchen, office, two laundry rooms. The lavish master bedroom features views of Biscayne Bay and a double shower, jacuzzi and sauna. The unit also features a full home automation system throughout and window treatment for efficient A/C and energy savings.

"I have been in the crypto industry since 2011, it is absolutely amazing to see where crypto is right now and where it is headed. The opportunities are endless and we have yet to begin," said Roberts.

Images via Barnes International Realty

CLOSED: Drake's Former "Condo Up On Biscayne" Sold By Current Owner NBA Superstar Mario Chalmers For $2.3 Million

Superstar Drake’s onetime "condo up on Biscayne," famously referenced in his song "The Motto," just sold yesterday for $2.3 million in a deal represented on both sides by Douglas Elliman. Drake sold the unit, which is located in the luxurious Marquis Residences, to NBA superstar and Memphis Grizzlies point guard Mario Chalmers for $2.5 million in 2012 when Chalmers was on the Miami Heat. The unit was also featured in the Canadian rapper's hit song "I'm on One" music video. The 2-story, 5,475 SF residence is spread over 5 bedrooms and 5 bathrooms offering triple exposure complete with floor-to-ceiling glass windows and sliders. Exceptional interior features include marble and wood floors throughout, private foyer, soaring 20' ceilings, den/game room, full service wet bar, an open kitchen equipped with appliances by Viking and Sub-Zero, along with a large terrace ideal for indoor/outdoor entertaining offering unmatched unobstructed views of the Miami Skyline and the American Airlines arena. The buyer was local and represented by John Sandberg with the Sandberg Nortmann Group at Douglas Elliman. 1100 Biscayne Blvd. #4905/06 was listed for $2.66 million with Douglas Elliman. 

Featured Listing: Marquis Residences PH6301

Park West is an area on the rise, and one of the last places in Miami where you can lock up prime real estate for somewhat reasonable pricing. Penthouse 6301 in Park West's Marquis Residences is  perched high in the sky, offering unmatched views of Biscayne Bay, the Atlantic Ocean, Port Miami and Downtown Miami. This massive duplex includes 3,831 SF of living area spread over 3 bedrooms and 3 full-bathrooms with one half-bath. It features a wine cellar, chef's kitchen, exotic wood, marble and stone finishes throughout, exotic wood and marble flooring, private elevator entry and smart home technology. The unit expands to 5,331 SF with the outdoor space included, which includes a rooftop plunge pool, summer kitchen and private skydeck. Currently listed for $3,945,000 with Daniel Romanach of One Sotheby's International Realty.   

STK Miami Opens in Marquis Residences

The soft-opening of Me Miami has been so far a success, which recently moved closer to being completely open with the official opening of STK Miami in the lobby of Me Miami and Marquis Residences. The zoning permits the liquor license from the nearby late-night nightclubs including Heart and Space, so expect STK Miami to become a hopping place after-hours. The build-out features a modern restaurant concept right on Biscayne Blvd. and third-floor bar. The location is also walking distance from the Perez Art Museum, Frost Science Museum and American Airlines Arena.  

Me Miami Hotel Opening in Marquis Residences

After years of change, construction, turnover and empty space, Me Miami is finally set to occupy the hotel space in Marquis Residences. The hotel is sure to shake up the area which features the popular E11EVEN nightclub and future location of One Thousand Museum Residences and Paramount Miami World Center. Me Miami will feature 129 luxury hotel rooms, an STK restaurant and a Sun Deck with sunset and sunrise pools along with a poolside bar and lounge. Rates are currently starting in the low $200s. This is a great development for the owners in Marquis as the low-awaited hotel opening now brings a new energy to the hotel amenities, the building and the area.