Consultatio has flurry of Oceana Key Biscayne unit sales

Miami /
Aug.August 13, 2014 12:00 PM

Consultatio took in nearly $48 million in 10 recorded deals at its Oceana Key Biscayne condo since beginning closings less than two weeks ago, The Real Deal has learned.

Eduardo Costantini’s firm completed the sales in transactions recorded between Friday and Monday, according to Miami-Dade County records. Eight of the 10 units sold for between $3 million and $5.2 million with one condo selling for $1.5 million. The most expensive individual deal was the $10 million sale of a lower penthouse in the 142-unit complex at 350 Ocean Drive in Key Biscayne.

ACCAA LLC is the buyer of the more than 5,000 square foot lower penthouse. The company is managed by Abram Szajman of New York.

A project spokesperson told The Real Deal that Consultatio closed 37 Oceana unit sales totaling $137 million through Thursday.

Consultatio is also building the 240-unit Oceana Bal Harbour on the former site of the Bal Harbour Beach Club. It received a $332 million construction loan from a consortium of lenders led by HSBC in April.


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