The Real Deal Miami

Faena House unit sells for $11.75M

Reported early buyers have included Leon Black, Lloyd Blankfein, Jose F. Fanjul Jr.

September 30, 2015 12:00PM
By Katherine Kallergis

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Renderings of Faena House

Renderings of Faena House

A sixth-story unit at the newly completed Faena House has sold for $11.75 million, according to Miami-Dade County records. 

The four-bedroom, six-bathroom unit features 4,730 square feet of interior space and a 1,516-square-foot terrace.

ABF6A LLC, an Aventura-based company, acquired unit 6A in the 18-story tower, in the 3300 block of Collins Avenue. The LLC leads back to a unit at Villa Grande in Aventura.

Since the condominium was completed early this month, about half of the building’s 42 units have been sold, Faena Group’s Alicia Goldstein told The Real Deal. Faena House began recording closings on Sept. 3. Last week, a penthouse sold for $60 million, a price that breaks all residential records in the Miami area.

Reported early buyers have included Apollo Global Management co-founder Leon Black, Goldman Sachs Group CEO Lloyd Blankfein and art dealer Larry Gagosian.

Blankfein and his wife, Laura, paid $9.5 million for unit 8-A. Other buyers include Jose F. Fanjul Jr., of Fanjul Corp., a major player in the United States’ sugar industry, Mark Rachesky, the chairman of Lions Gate Entertainment, and investment manager Brian Kwait.

Faena House marks the first of four planned oceanfront condo towers in the ultra-luxury project, which stretches from 3200 to 3500 Collins Avenue in Miami Beach. The tower was designed by Foster + Partners and includes amenities such as a gym, spa, pools, underground garage and a beach club.