$34 Million - Coldwell Banker Residential Real Estate - William P.D. Pierce Represents Most Expensive Penthouse in Miami’s History
Posted by Derek Cuculich — March 6, 2013
Miami, FL - Coldwell Banker Residential Real Estate is proud to announce that sales associate William P.D. Pierce, of the company’s Miami Beach office, represented the sale of Penthouse 1601 and 1602 at The Residences at The Miami Beach EDITION for $34 million, making it the most expensive penthouse sold in Miami’s history. When the two units are combined, the triplex penthouse will feature eight bedrooms, eight and three-half bathrooms and 16,271 square feet of total space.
“This record-breaking sale exemplifies the wonderful flexibility that Miami Beach offers,” said Pierce. “The buyer is combining two units and capitalizing on the stunning ocean view, as well as bay and city views. There will be a nearly 360 degree view of our beautiful city. Add in two pools, access to a world-class chef in Jean-George Vongerichten and a penthouse that offers mansion-style living, and you have an unbelievable lifestyle that fits the needs of elite clientele.”
The EDITION, an Ian Schrager-project, was introduced as 26 limited-edition residences that sit on the top floors of the existing Miami Beach EDITION hotel, as well as in an adjacent, newly constructed 18-story tower. Each unit offers the privacy and individuality of a custom, one-of-a-kind home, with exclusive access to all the services, privileges and amenities of a world-class urban resort.
“There is simply nothing else like The Residences at The EDITION currently in the marketplace. We tried to capture the details of life in the details of the architecture,” says Schrager. “Each unit has commanding panoramic view, and is a one-of-a-kind, custom one-off. This makes them perfect for the new world traveler and global citizen looking to establish roots in the new Miami.”
Designed by world-renown architect John Pawson, the outdoor spaces at The Residences feature “Outdoor Rooms” that invite effortless continuity between indoor and outdoor living. These extraordinary outdoor spaces feature private lap pools and plunge pools, outdoor kitchens, dining areas, fireplaces and pergolas. Inside, Pawson focused on an unparalleled level of finishes to create maximum comfort, functionality and aesthetic pleasure. Each residence features open Bulthaup kitchens with islands, as well as master bathrooms with Italian white onyx translucent screens and custom-cast integral concrete bathtubs and sinks.
“We are certainly seeing a rise of interest in the high end penthouse market,” added Pierce, who also represented the sale of the penthouse at The W™ South Beach for $9.4 million. “People in the ultra-luxury market own multiple properties and they are seeing the advantage of the many services that are offered in buildings like The EDITION. And Miami Beach offers all the amenities and services, along with great weather and art, culture and fun.”
About Coldwell Banker Residential Real Estate
Coldwell Banker Residential Real Estate (FloridaMoves.com), is the leading real estate brokerage company in Florida, serving the communities of Central Florida, Palm Beach, Southeast Florida, Southwest Florida and Tampa Bay. Coldwell Banker Residential Real Estate is part of NRT LLC, the nation’s largest residential real estate brokerage company. Coldwell Banker Real Estate LLC and NRT LLC are subsidiaries of Realogy Corporation, a leading global provider of real estate and relocation services.
For more information, visit our website, www.FloridaMoves.com