A condo in Miami Beach’s billionaire haven Faena House has just hit the market for $24.999 million, a price that includes the furnishings.
The 4,730-square-foot unit, which is being sold by a limited liability company, is one of 47 in the 18-story tower, which was built in 2015 by developer and hotelier Alan Faena and designed by the architectural firm of Foster + Partners.
going to return. I kissed my wife and my kids and said I hope I’ll see you again.”
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It was Alan Faena’s personal unit until he sold it to the current owners in 2015 for $18.5 million, according to property records.
“There’s nothing else like it,” said Nicole Gary, broker associate of Miami Portfolio Collection and licensed associate real estate broker at Keller Williams NYC, who co-listed it with team member Jeffrey Glass of Miami Portfolio Collection earlier this month.
She noted that the listing is on the 10th floor and in the “most coveted” part of the building.
“It’s the largest unit aside from the penthouse,” she said. “All the bedrooms have ocean views, and it’s at the perfect height to see the sand and water and watch the sun rise and set.”
The four-bedroom, 6.5-bath condo, which is designed for indoor-outdoor living, has a 1,516-square-foot wraparound balcony and floor-to-ceiling glass walls that open to a large terrace.
In addition to the unit’s amenities, which include Venetian terrazzo floors, a private media room, a chef’s kitchen and an automation system that controls the window coverings, lighting and media, the new buyer will have full access to the tower’s fitness center, oceanfront pool, restaurant and private butler.
Faena House made headlines in 2015 when billionaire hedge funder Ken Griffin, who had embarked on a real estate buying spree, paid a record $60 million for two penthouses. Although he had planned to combine them, he put them on the market for $73 million the next year and sold them separately, for $35 million and $12.5 million, according to published reports.
Griffin wasn’t the only billionaire to have lived in the building. Former Goldman Sachs CEO Lloyd Blankfein reportedly bought a $9.5 million unit there in 2015.
Faena House Miami Beach is a key component of the city’s six-block Faena District, a $1 billion development by Alan Faena, an Argentinian fashion designer turned real estate mogul, that dates to 2013. The district includes an arts center and the Faena Hotel Miami Beach, which is housed in the Saxony, a restored 1948 hotel. The district is modeled after his first project, Faena Buenos Aires.
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The Faena brand also encompasses other hotels, including ones in New York City and Tulum, Mexico.
The owners of the condo never lived in it, Gary said. “It’s had only one tenant, and that tenant is moving on and moving out.”