Miami ‘Condo King’ Scores $150 Million for Two Island Penthouses
Related Group has sold two penthouses on the exclusive Fisher Island enclave in Miami for more than $150 million, a sign that the eye-popping valuations driven by newcomers to the city are set to rage on. Related Group has sold two penthouses on Fisher Island, Miami, for more than $150 million. The properties, which are currently under construction, will not close until they are handed over to the owners and represent two of the most expensive condos sold in the metro area. The price of each penthouse was not disclosed. This is a sign of continued high valuations driven by newcomers to Miami.
Published : 4 weeks ago by Daniel Cancel, Felipe Marques in Business
Related Group has sold two penthouses on the exclusive Fisher Island enclave in Miami for more than $150 million, a sign that the eye-popping valuations driven by newcomers to the city are set to rage on.
The properties, which are under construction on the island just south of Miami Beach and east of downtown, won’t close until they’re handed over to the owners, but would represent two of the most expensive condos sold in the metro area. A spokesman for Related declined to provide details on how much each penthouse cost or who bought them.