Bath Club

Bath Club Project Asks $50 Million for Custom Penthouse

A developer is attempting to reestablish a new pricing peak for the luxury condo market in Miami. Don Peebles is creating his all new Bath Club Estates project with an asking price of $50 million for a five-bedroom, 9,200 square-foot penthouse that includes an additional 9,000 square-feet of outdoor space. The unit will be the second in the city listed at $50 million. A penthouse at Faena House was listed for the same price. Any purchaser of the Bath Club penthouse will have the ability to develop their own custom unit layout. Units will also include a porch that wraps around the outside, giving views of the ocean, downtown Miami, and Biscayne Bay. A home theatre, private elevator, and private rooftop terrace with a pool are included as well. Chris Leavitt, Real Estate broker for the project said, “There’s a very high demand for these types of properties.” He believes that Peebles’ plan for this condo will be successful. Source: therealdeal.com Photo credit: The Bath Club \- thereznikgroup.com, miamicondoinvestments.com

Annual & Q4 2024 Miami Beach Luxury Condo Market Report

Despite shifting toward a buyer's market, Miami Beach ended 2024 on a strong note. In Q4, sales momentum surpassed projections, with both annual and quarterly volumes increasing. While some segments saw slight price pressure, there were no signs of a major downturn. Highlights on this report include Fisher Island emerging as the strongest market in Miami Beach with the highest year-over-year sales growth in Q4, while Mid-North Beach topped annual sales trends. Fisher Island remained South Florida's most expensive zip code for luxury condos, both quarterly and annually. Meanwhile, the modest Mid-North Beach market was the fastest-moving in Q4. Dive into our in-depth analysis for year-over-year insights on how each Miami Beach neighborhood performed against one another and the broader Miami luxury condo market in Q4 and throughout 2024. For this report, Miami Beach sub-neighborhoods include South Beach, Mid-Beach, North-Beach, Sunny Isles Beach, Surfside, Bal Harbour, and Fisher Island. Also, this luxury condo submarket report only features properties priced at $1 million and above.

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