The Real Deal Miami

First look: Muse Sunny Isles penthouse asks $18.5M

3,635 sf penthouse includes three bedrooms, summer kitchen, media room

March 17, 2016 04:15PM
By Katherine Kallergis

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Kitchen and dining Balcony Kitchen Bathroom Living room

A full-story penthouse at Muse Residences in Sunny Isles Beach is on the market for $18.5 million, or a whopping $5,089 per square foot.

The Real Deal got an inside look at the 3,635-square-foot penthouse, which includes three bedrooms, a summer kitchen, media room and 720-square-foot terrace. The smart residence also will feature facial recognition software and biometric technology.

Property Markets Group and S2 Development are developing the 47-story tower, where construction crews are currently working on the sixth floor. When completed in 2018, the 68-unit condominium will include a robotic parking system, infinity-edge pool and spa, poolside food and beverage services, and a fitness center. ISG World is the project’s exclusive sales and marketing firm.

The joint venture partners closed on a $134 million construction loan for the building in August. Canyon Partners Real Estate, a Los Angeles-based real estate investment management firm and adviser, is the lender.

Muse, at 17141 Collins Avenue, is just north of Jade Ocean and Jade Beach. Other projects in Sunny Isles include Aurora, Turnberry Ocean Club, and Residences by Armani/Casa. The city is the fourth most active market east of I-95 this cycle with more than 3,165 new units announced.