Published by The Real Deal, October 16, 2020
A Penthouse at Eighty Seven Park sold for $37 Million, marking the highest price sale at the Miami Beach luxury condo tower.
Records show that the developer, Terra, through 8701 Collins Development LLC, sold the unit, PH1, to Miami 360 LLC, managed by Joseph M. Hernandez, who chairs the real estate practice group at Weiss Serota Helfman Cole & Bierman.
The six-bedroom, eight-bathroom penthouse has 12,410 square feet of interior space and 18,247 square feet of outdoor terraces. It also features a service suite, a private gym, home theater and a rooftop terrace with two 45-foot long infinity pools, summer kitchens and an outdoor theater.
Eloy Carmenate of Douglas Elliman leads sales of the 18-story Tower. He declined to provide any information about the buyer.
Records show the next priciest condo sold to date at Eighty Seven Park is unit 1702, which sold for $18.2 million in April.
Eighty Seven Park is a boutique style luxury Condo with a total of only 70 Residences. Residences at Eighty Seven Park offer breathtaking views of the Ocean, Intracoastal, and City Skyline, private Elevator entry into each Residence, spacious Floor plans, and more! Click here to review additional information about Eighty Seven Park. Interested in viewing Residences? Contact me to schedule an Appointment.