Mario Garnero gets Beach House 8 unit for $14M

Beach House 8 rendering (inset: Mario Garnero)
Beach House 8 rendering (inset: Mario Garnero)

The developers of Beach House 8 say the luxury Miami Beach condo project is sold out, with Brazilian entrepreneur Mario Garnero plunking down $14 million for the duplex penthouse.

A spokesperson for Valerio Morabito’s New York-based development firm, which is partnering with Ugo Colombo’s CMC Group on Beach House 8, announced on Wednesday that the 10-story glass building’s eight units were presold within five months of launching sales. Four of the units – including Garnero’s penthouse – sold within a two-week span. Contractor Plaza Construction broke ground on the 3651 Collins Avenue project last week.

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Morabito and CMC plan to finish Beach House in August 2015.

“Our buyers were looking for intimate living with a level of privacy and exclusivity only attainable in a boutique building,” Morabito said in a written statement. “Beach House 8 stands out as the only boutique residential building in the area offering luxury living.”

Residences at Beach House were priced from $5.9 million to $14 million and range from 3,783 to 5,200 square feet of interior space. Garnero’s duplex penthouse has more than 6,000 square feet of outdoor living space and a private pool. One Sotheby’s International Realty is handling sales for the project. — Eric Kalis