$50 Million Dollar Listing Announced at Faena

Real Estate Blog Article

Tuesday, March 12, 2013
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3301 Collins is the site for the future luxury mixed use development called Faena. A vision of architect Norman Foster, this project will have residences with views of both the mainland and the Pinetree Drive neighborhood and canals as well as the incredible views of the Atlantic Ocean. It is located very close to 195 which takes you directly to the Miami International Airport as well as interstate 95. This project is among the 80 planned luxury developments in Miami and there does not seem to be an end in sight for these types of uber luxury mixed use plans.

The penthouse at Faena is listed at $50 million and is the second most expensive listing in South Florida, second to the penthouse at the new development, Mansions at Acqualina. Both the penthouses are well over the price of the current record for a condo, which was set at the Setai earlier this year for $34 million and they are also over the record set for the most expensive single family home sale, which was $47 million. What could make a penthouse this expensive? Well, the interior of Faena will be at 8,000 square feet and the terraces and rooftop will be over 10,000 square feet. A private elevator will take you to the top of this mammoth home and lead you into gardens and a 30 foot private pool with outdoor kitchen. While the interior plans have not yet been released there is no doubt that this project will be stunning and every inch of it will be to the latest style and specification. For more information on this listing, contact us today.

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