Murano Grande penthouse sells for $3.55M

A 3,284-square-foot penthouse at the Murano Grande condominium in South Beach has sold for $3.55 million, according to Douglas Elliman’s Pietro Belmonte, who handled the transaction. The seller of the home was John Marazza, executive vice president of First Mercury Financial Corporation. The buyer was a limited liability company called Murano Grande 3603. “The South Beach condo market continues to be extremely hot,” Belmonte said. The sale worked out to an average price of $1,081 per square foot. Murano Grande is located at 400 Alton Road. Belmonte is a member of the Master Brokers Forum.  – Alexander Britell