Construction on this Miami-area condo building hasn’t even begun – and a penthouse already sold for $21 million
A penthouse in a Miami building that has yet to be completed just changed hands for a whopping $21 million, according to developers Fortune International Group andChateau Group.
The entire 51st floor of the 52-story Ritz Carlton Residences at Sunny Isles Beach is currently under contract. Construction will begin on the condo building in 2016, with a projected completion date of 2018.
Though it was originally being sold as two separate residences, the buyer – who is a “successful entrepreneur,” the developer told the Wall Street Journal – elected to combine them into a full-floor penthouse.
Another full-floor penthouse one floor up is still on the market for $30 million.