Luxe Miami Four Seasons Penthouse To Be Auctioned At No Reserve

Penthouse 70BCD at the Four Seasons Private Residences in Miami’s Brickell neighborhood will be sold by Platinum Luxury Auctions at a Luxury Auction without reserve on January 29th at 7p.m. EST. The penthouse was previously listed at $15M. The custom home is approximately 5,800 sq.ft. and a combination of 3 units which was done during initial construction and occupies half the building’s top floor. Penthouse 70BCD features ample space for art lovers to display paintings and sculptures, two private balconies with floor-to-ceiling windows, ocean views, a media entertainment area, temperature-controlled wine refrigerators and a floating onyx wet bar with panoramic water views. More than $1M has also been invested in custom woodwork and wood window frames. The home also includes 6 nationwide Equinox memberships with a facility on the property.

Four Season’s Private Residences features a private entrance separate from the hotel. A residents elevator opens up directly into a private foyer with double doors that open into the Penthouse. Penthouse 70BCD is one of the highest penthouses in Miami and located in the second-tallest buildings in Florida. The auction will take place live with in-person bidding on-site along with remote bidding available. The listing brokerage of record is Brown Harris Stevens Miami and the listing agent of record is Techrin Hijazi. The Four Season Private Residences is located at 1425 Brickell Ave in Miami, Florida.

NY Tech Executive Buys Pinecrest Mansion For Record Price, Under Contract In Just 6 Days

A record-breaking sale took place in Pinecrest for a property that was on the market for just 6 days and sold for $5.6 million. 6035 SW 92nd Street is the most expensive resale of a home that is over 10 years old in Pinecrest. The home, dubbed “Magnolia House,” was purchased by Marc and Kerrie Ferrentino who are relocating from New York. Marc is the Chief Strategy Officer of tech company Yext. They were represented by Blair Sonville with Lowell International Realty and Michael Martinez with ONE Sotheby’s International Realty represented the seller, Matthew Adler, who is a prominent real estate developer.

Magnolia House was designed by architect Cesar Molina and built by Mackle Construction. The home features 7-bedrooms and 8.2 bathrooms with 8,863 sq.ft. of living space. There is also a gym, media room, home office with library, 4-car garage, elevator shaft and guest house. Outdoor space features a new summer kitchen, gazebo and heated saltwater pool.

Aman Miami Wins Approval For Versailles Hotel Restoration In Miami Beach’s Faena District

The Miami Beach Historical Preservation Board approved the Aman Miami development by OKO Group’s plan for the restoration of the historic Versailles Hotel. This a big step forward for the art deco building in Miami Beach’s Faena District. Aman Miami will consists of 56 hotel rooms within the restored Versailles Hotel along with 23 boutique residences located in a new tower next door. The residences in the new tower will be designed by Kengo Kuma with the HP board vote of the proposed residential tower design coming up in February. Once the design is approved OKO Group can proceed with permits and construction.

The vote to approve OKO Group’s plan for restoration of the Versailles Hotel was supported by community members including Craig Robins of Dacra, Wendy Kallergis of the Greater Miami and Beaches Hotel Association, Tom Stern the Faena House Board President, and more. OKO Group also released a statement reacting to the vote:

“We appreciate that the Miami Beach Historic Preservation Board took time to understand how our vision for Aman Miami will benefit the Faena District and preserve the iconic Versailles Hotel while contributing to the local economy and elevating Miami Beach’s status as a global destination. The board’s favorable vote is consistent with the widespread support that Aman Miami has earned in the neighborhood and the Miami Beach community.

The development of Aman Miami will infuse the City with hundreds of millions of dollars in private investment, resulting in more than 400 new jobs for the community and millions of dollars in new property and resort tax revenues each year. Aman has a proud history of delivering high-end, low-impact properties which are respectful of their physical surroundings and the history and culture of their communities – including 13 resorts bordering UNESCO World Heritage Sites.

We will continue this tradition in Miami Beach as we restore the Versailles Hotel to greatness. We thank the members of the Historic Preservation Board for supporting what will surely become the most preeminent hotel and residential development in Miami Beach.”

Inside Stool Presidente, Dave Portnoy's $35K Miami Beach Rental At 1 Hotel & Homes

Take a look inside Barstool Sports Founder also known as “Stool Presidente,” Dave Portnoy’s lavish Miami Beach rental while he was in town visiting multiple Miami hot spots just days after announcing his fundraising efforts to help struggling small business owners. Portnoy’s “Barstool Fund” has recently hit $20M in less than one month, helping nearly 100 small business that have struggling due to the COVID-19 pandemic. Portnoy started the fund with his own $500,000 but other big name donors include Tom Brady, Guy Fieri and Kid Rock.

Unit 1440 at 1 Homes South Beach is listed for $38,000 per month by Richard Goihman and Neal Klotsman of Douglas Elliman, Portnoy was able to snag the unit for $35,000 as he occupied residence for a one month period in December till January.

The 3 bedroom, 3 bath unit features over 2,092 sq.ft. and is completely furnished and equipped by interior designs of Meyer Davis Studio, the unit is provided with housekeeping and concierge services by the hotel, which can include everything from pre-arrival pantry stocking to luxurious bathroom toiletries. Located directly on the ocean and centered in the heart of South Beach, enjoy 600 linear FT of beachfront, 4 pools, 14,000 sq.ft. fitness center and Bamford Spa.

While Portnoy was in town, he was spotted at Miami’s newest hot spot “Casa Tiki” on Calle Ocho and was treated to the New Year’s Eve celebration “Midnight in Paris” ringing in the New Year in style at David Grutman‘s Swan Miami, where rapper Meek Mill was spotted alongside Chris Brown, Tyga. 

Miami Millionaire's Row $38 Million Penthouse At 57 Ocean Makes Virtual Debut

Multiplan Real Estate Asset Management, the developer behind 57 Ocean on Miami Beach’s Millionaire’s Row, has debuted the building’s new spectacular penthouse in a $180,000 state-of-the-art video that combines reality with the virtual world. DBOX produced the 90-second video that highlights 57 Ocean’s $38 million penthouse. The video features 360-degree ocean views, 7,100 sq.ft of private outdoor terraces and spacious living areas designed by Sofia Joelsson Design. This video allows potential buyers to virtually walk the five-bedroom and six-bathroom condo in our new COVID-reality world.

“We are all living in a virtual world right now. The pandemic has had a profound effect on buyers’ psyche, impacting their ability or willingness to travel. Just as grocery markets are facing a new reality with Instacart, and art fairs and boat shows are going online, so too is real estate having its transformational moment,” said Marcelo Kingston, Managing Partner of Multiplan Real Estate Asset Management. “We believe we have created virtual lust for living at the apex of 57 Ocean, and that only a video can truly personify how the ultimate in luxury living has no limits.”

The video shows the penthouse’s indoor-outdoor living with expansive terraces, large glass windows and  private plunge pools. The open living room includes a gourmet chef’s kitchen and wine cellar facing the ocean. The master suite includes his and her closets, floating tub with ocean view and a special spa area including smaller plunge pools, massage area and outdoor sauna. The penthouse also features a clubroom with pool table, a home theater, private gym and putting turf.

“This $38 million penthouse is truly the jewel in the crown of Millionaire’s Row,” said Edgardo Defortuna, President and CEO of Fortune International Group, the exclusive broker of 57 Ocean. “There is nothing like it on the market in the area, and we are thrilled to be innovatively showcasing it virtually to the world for the first time. The home’s connection to the ocean is unparalleled -- as is its private, resort-like feel in the epicenter of this tranquil, family-friendly neighborhood.”

57 Ocean is located at 5775 Collins Avenue on Miami Beach and is expected to be complete in 2021. The luxury condominium features two-to-four-bedroom residences starting at $1.5 million.

Renderings and video via DBOX.

For more information about 57 Ocean, private showings or purchasing/ leasing information please fill out the form below:

Zach Vella Buys Waterfront Development Lots On Venetian Islands For Record $15 Million

Celebrity developer Zach Vella has acquired two adjacent waterfront development lots on Miami’s Venetian Islands for his private residence in Miami. Vella paid $15.2 million for 228 and 302 West Dilido Drive, a dirt value of $688 per square foot, which surpasses the Venetian Islands’ record land sale which was previously $6.5 million for 412 West Dilido Drive set in 2016. Jim Agard of Vendôme Capital represented the seller and Natalia Gryczynska of Brown Harris Stevens represented the buyer.

The seller was Lionel Masson, the founder of Pharmacies Lafayette in France, who had planned two spec homes on the site. Masson initially acquired the properties in 2018 for $11.5 million and demolished two homes on the site. Vella is the founder and CEO of the Los Angeles and New York City-based real estate development firm Vella Group, and is also a managing board member of Miami’s Magic City Innovation District.

Tom Brady And Gisele Bündchen Buy Miami House For $17 Million

Tom Brady and Gisele Bündchen recently bought a house for $17 million on Indian Creek Island in Miami. This private island with high-security is also known as “billionaire’s bunker.” The exclusive island offers residents a private country club, golf course and police force. Brady and Bündchen plan to demolish the house that currently exists on the site and build a new eco-friendly home. The couple is currently renting Derek Jeter’s Tampa mansion and will be neighbors with Jared Kushner and Ivanka Trump in their new home

Stephen Marley Son of Reggae Legend Bob Marley Buys Miami Estate

Eight-time Grammy award winning musician Stephen Marley just bought a Miami manor for $3.4 million that spans 5.6-acres. The sale included 2 properties featuring a main house along with 2 guest houses. Across the three houses totals 7-bedrooms and 8.5-bathrooms. The manor features a media room, pool, summer kitchen, tennis court, volleyball, basketball half court, arena, gym and 4-car garage. The property is surrounded by landscaping and a flowing river perfect for fishing Koi fish. Stephen Marley is notable musician famous for following in the footsteps of his father. He is a singer and producer that creates music at the family’s private recording studio, Lion’s Den Studios. Marley has lived in Miami for numerous years.

27440 SW 187th Ave, Homestead sold for $3.4 million by Chad Carroll with Compass and the buyer was represented by Shana Santalla with Lifestyle International Realty.

Apogee South Beach Reimagined Unit Hits The Market For $10.9M

A reimagined unit at Apogee South Beach recently hit the market listed for $10.9 million. Apogee is one of Miami Beach’s most prized condominiums located at 800 S Pointe Drive. The reimagined unit features 3-bedrooms, 3.5-bathrooms and is a spacious 4,154 sq.ft. The unit is designed by Mendez Bela with a modern flair that enhances the views of South Beach, Fisher Island and the Downtown Miami skyline. The residence also features indoor-outdoor living with 11-feet of deep terraces that wrap around the entire unit including a summer kitchen. Apogee Residence 504 is listed with Dina Goldentayer of Douglas Elliman.

Ken Griffin Buys 10 Star Island For $25 Million, Bringing Star Island Assemblage To $95 Million

The multi-billionaire hedge fund magnate Ken Griffin, who founded the Chicago-based Citadel Securities, has expanded his Star Island assemblage with the acquisition of 10 Star Island for $25 million. In August 2020 an entity tied to Ken Griffin acquired the adjacent double lot with Miami Vice views of Downtown Miami at 11 and 12 Star Island Drive in an off-market deal for roughly $37 million. Soon after, Griffin would purchase 13 Star Island for $32.5 million after the property was previously linked to Alex Rodriguez and Jennifer Lopez. The acquisition of 10 Star Island brings his assemblage to roughly $95 million.

Ken Griffin’s net-worth is estimated to be about $15 billion and he has been one of the largest luxury property buyers in the world over the past several years. In 2015 Griffin purchased two penthouses in Faena House on Miami Beach for a record at the time $60 million. He recently sold the larger of the two penthouses for $35 million and is now reportedly under contract to sell his second penthouse, which is currently listed for $12.5 million. In 2019 Griffin purchased a $240 million unit at 220 Central Park South in Manhattan, NYC, in a deal that broke the record for the most expensive residential transaction ever recorded in the U.S. In Palm Beach Griffin has assembled $350 million of land at Blossom Way and South Ocean Blvd. where he began buying in 2012.