The Real Deal Miami

Biltmore penthouse seeks $10.5 million

January 29, 2009 09:57AM

The 3,299-square-foot, two-bedroom middle penthouse at the Biltmore seeks a record per-square-foot price for a Palm Beach condo at about $3,183, according to listing agent Sonja Abrahamsen of Sotheby’s. The owner, Pari-Sima Pahlavi, 81, bought the property with her late husband, Dorrez Dolats, for $2.7 million in 1993, according to property records, and is seeking four times that amount. In May, developer Stephen Ross’ former Il Lugano penthouse set a local record for total sales price when Lee and Laura Munder bought it for $12.1 million, but at 5,798 square feet, it cost only about $2,087 per square foot.