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The Real Deal | Jeff Miller Lists Penthouse for 9X Price of Last Purchase

April 16, 2015

A penthouse in the Bentley Bay South condo tower was just listed for $18.9 million, nine times the value of when it was purchased out of foreclosure in 2010, The Real Deal has learned.

 

Jeff Miller of brokerage Zilbert International Realty, who is marketing the property, told TRD that the seller is from Monaco and owns homes around the world.

He spent two years building out the penthouse, which now comes complete with a $1 million Creston and Lutron smart home system, motorized doors and shades, a champagne locker, an infinity edge rooftop pool and Jacuzzis. The unit has five bedrooms, five-and-a-half bathrooms, and southward views of downtown Miami and South Beach.

Now, Miller told TRD that the owner is moving on and the fully furnished penthouse is up for sale.

“There’s a limited supply of penthouse properties in Miami Beach,” Miller said. “It’s a unique opportunity for someone to grab hold of a trophy property.”

To read the full article from The Real Deal, click here

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