Miami Beach’s Most Expensive Penthouse!

Miami Beach’s Most Expensive Penthouse!

Miami Beach's Most Expensive Penthouse!

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From the gutter in 2011 to one of the hottest real estate markets in the country in 2015, the onslaught of investors into South Florida has developers working overtime to meet the ever increasing demand for luxury properties. According to Forbes in an article earlier in the year, "Brokers say that global economic instability—plus New York’s cold winter weather—will take care of the priciest units that are still up for grabs. Hedge funders from New York as well as South Americans, Asians, Russians, and Europeans looking for safe harbor for their money make up the ultra-high-end pool of buyers." Miami Beach, with its year-round balmy weather, white sand beaches, yacht clubs and marinas, great shopping, restaurants, cultural venues and exciting nightlife, has alway attracted international attention. The city’s proximity to the Keys and the islands has always been a draw for deep sea fishing and boating enthusiasts and is well-known for its celebrity residents both past and present.

One of the most elite Miami Beach residences is The Residences at The Miami Edition that were developed by Studio 54 founder Ian Schrager, and were just completed in December, 2014. A penthouse in The Edition is now for sale.

Located on floors 16, 17 and 18, this four-bedroom, five-bath luxury corner unit penthouse features 5,246 square feet of indoor living space and another 3,000 square feet of outdoor space. The penthouse features 20-foot floor-to-ceiling windows with 180-degree views of the Atlantic Ocean, Miami Skyline, Biscayne Bay and South Beach. Each of the four bedrooms has its own terrace with views of the bay and ocean. The penthouse also features a million-dollar staircase made from bleached teak wood, custom designed Bulthaup kitchen, media room, 36-foot rooftop pool and indoor/outdoor lounge equipped with a summer kitchen and trellis-covered dining area.

Residents of The Edition have priority access to 24-hour five-star concierge and security services, poolside cabanas, beach and pool chaise lounges and umbrellas, fitness center with personal trainers and travel agent services. The Residences have their own private entrance as well as an anonymous "celebrity" entrance for ensured privacy. For more information.

Tri-level corner beachfront penthouse on floors 16, 17 and 18 at The Edition on Miami Beach with 180-degree views of the Atlantic Ocean, Miami Skyline and South Beach is now for sale, priced at $27.5 million.

Photo Credit: Luna Enterprises

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