The Real Deal Miami

Brazilian soccer pro Douglas Costa buys Jade Signature pad

Last year, Costa signed 5-year contract worth $33.84 million with German team

August 25, 2016 05:15PM

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Rendering of Jade Signature (Inset: Douglas Costa via creativecommons)

Rendering of Jade Signature (Inset: Douglas Costa via creativecommons)

Brazilian soccer pro Douglas Costa took a break from speeding down the field for Germany’s Bayern Munchen to pick out a ritzy condo in Sunny Isles Beach.

Developer Fortune International Group announced Thursday that Costa, whose contract with the German team is worth $33.84 million, paid $4.53 million for a pad with ocean views at the under-construction Jade Signature.

The flow-through unit has three bedrooms, four-and-a-half bathrooms, a private elevator and large terrace. With 2,921 square feet of interior space, Costa’s purchase price breaks down to just under $1,551 per foot.

The deal was handled by listing agent Sandra Chartouni of Fortune International Realty.

According to the developer, Costa was sold on the unit, in part, because Jade Signature is designed by Herzog & de Meuron, who also designed his team’s stadium, the Allianz Arena.

Recently, the Brazilian winger faced a major upset when he was forced to pull out of the 2016 Olympic Games in Rio de Janeiro due to an unhealed thigh injury. Since scoring his $33.84 million, five-year contract with Bayern Munchen in 2015, he helped the team win its fourth straight Bundesliga league title.

Jade Signature, which sits on one of South Florida’s largest underground garages at 16901 Collins Avenue, is headed toward completion early next year. Suffolk Construction is the general contractor for the 57-story tower, where prices for its 192 units range from $3.9 million to $33 million for the penthouses. According to the second-quarter ISG Report, the tower is 90 percent sold. — Sean Stewart-Muniz