Wealthy homebuyers are not buying the resales of Miami’s most prized properties. They are instead setting records on extravagant new penthouses. Duplex penthouses at Ian Schrager’s residences were sold for $34 million which is a new record in Miami.
Schrager and other developers in South Florida are building new projects with exclusive amenities for the welthy buyers coming from Russia, Argentina, Brazil, and other counties.
Around $500 million worth of units were sold in the pre construction of the Porsche designed residential tower in the Sunny Isles Beach. The building boasts of the smart car elevator which will delier the car directly on the owner’s unit.