Peebles buys Bath Club site for $21M

Don Peebles and Bath Club Estates rendering
Don Peebles and Bath Club Estates rendering

A company tied to developer Don Peebles has acquired the future site of the Bath Club Estates project in Miami Beach for $21 million.

The Peebles affiliate picked up the nearly one-acre of oceanfront land at 6747 Collins Avenue, according to Friday’s written announcement from the Ackman-Ziff Real Estate Group, which represented the seller.

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Peebles began sales of the 13 luxury Bath Club Estates in December. The project is designed by Arquitectonica with one condo per floor. Unit options include a penthouse and two massive villas.

Planned amenities include plunge pools on unit balconies and two chauffeur-driven Maseratis. The units can be customized, as buyers would have their choice of interior designers.

Miami-based Ackman brokers Robert Kaplan and Mark Rutherford marketed the site for sale. — Eric Kalis