The California exodus to Florida continues its streak.<\/p>\n
This week, a Golden State one-percenter closed on a $49.9 million penthouse \u2014 one of two that sold for that price at\u00a0the Residences at Mandarin Oriental, Miami, in the city\u2019s Brickell district.<\/p>\n
They are the city\u2019s highest-priced condo sales off the beach \u2014 and the building is still four years away from completion.<\/p>\n
The complex will feature two towers, slated for a 2030 completion. Swire Properties\/The Residences at Mandarin Oriental, Miami<\/p>\n
They command a prime waterfront perch. Swire Properties\/The Residences at Mandarin Oriental, Miami<\/p>\n
At the same time,\u00a0a California tech billionaire closed on a $24.5 million plot of land \u2014 a coveted half-acre double waterfront lot at 228-302 W. Dilido Dr. in the Venetian Islands that doesn\u2019t even have a house on it, said listing broker Dora Puig, founder of Luxe Living Realty.<\/p>\n
\u201cThat\u2019s just for the dirt!\u201d Puig said. <\/p>\n
\u201cThe buyer is going to build his dream house here,\u201d she added. \u201cThe transaction underscores the continued demand for trophy waterfront properties. Opportunities to acquire a double lot with this level of frontage and views on the Venetian Islands are exceptionally limited.\u201d <\/p>\n
Mick Duchon of Corcoran represented the buyer. <\/p>\n
Florida is currently inundated with California house hunters, and some are buying without even looking at the property.<\/p>\n
As for the penthouses that sold, they take up two half floors each at the top of the 66-story tower-to-be.\u00a0<\/p>\n
At 8,000 square feet apiece, they come with their own private outdoor pools overlooking Biscayne Bay.<\/p>\n
Deep-pocketed buyers will get the supreme perk of a sky-high pool. Swire Properties\/The Residences at Mandarin Oriental, Miami<\/p>\n
The interiors are simply splendid. Swire Properties\/The Residences at Mandarin Oriental, Miami<\/p>\n
Amenities at the development won\u2019t be in short supply. Swire Properties\/The Residences at Mandarin Oriental, Miami<\/p>\n
Lounging areas come shaded by palm trees. Swire Properties\/The Residences at Mandarin Oriental, Miami<\/p>\n
The project, developed by Swire Properties, includes two towers with 300 condos and 150 hotel rooms. It has already sold $1.3 billion \u2014 before groundbreaking has even begun \u2014 and it\u2019s all on the site of the former Mandarin Oriental hotel, said Swire\u2019s new president, Dave Martin.<\/p>\n
The penthouse sales were \u201csurprising, but a happy surprise,\u201d Martin told Gimme Shelter, adding that presales like that are unprecedented. \u00a0<\/p>\n
\u201cNormally, the penthouses are the last to go. People want to see the spaces built out. The fact that we are selling before starting construction is highly unusual,\u201d Martin said. <\/p>\n
Brickell, he added, has attracted large firms like Citadel and Palantir \u2014 and their employees are looking for new homes.\u00a0<\/p>\n
Each penthouse comes with five bedrooms, seven baths, three powder rooms and a library. Private elevators open into a large foyer that leads to entertaining spaces. The penthouses boast chef\u2019s kitchens, a wine bar, a sauna, staff quarters and private storage adjacent to the units.<\/p>\n
Building amenities will include two gyms, 11 resort-style pools with private cabanas and wellness cabanas for outdoor spa treatments, plus dining pavilions with outdoor grills. There are also warm and cold plunge pools, social lounges \u2014 and a business lounge with private meeting rooms, and a conference suite.<\/p>\n","protected":false},"excerpt":{"rendered":"The California exodus to Florida continues its streak. This week, a Golden State one-percenter closed on a $49.9…\n","protected":false},"author":2,"featured_media":199352,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[16331,4535,28,30,29,12980,803,480,804],"class_list":["post-199351","post","type-post","status-publish","format-standard","has-post-thumbnail","category-florida","tag-billionaires","tag-california","tag-florida","tag-florida-headlines","tag-florida-news","tag-gimme-shelter","tag-luxury-real-estate","tag-real-estate","tag-residential-real-estate"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/199351","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=199351"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/199351\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/199352"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=199351"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=199351"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=199351"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}