Bath Club Estates penthouse listed for $50M

Miami /
Aug.August 26, 2014 10:30 AM

Developer Don Peebles is setting out to establish a new pricing peak for the Miami luxury condo market with his Bath Club Estates project.

Peebles is asking $50 million for a 9,200 square foot triplex penthouse, which has another 9,000 square feet of outdoor space, at the Miami Beach development. The five-bedroom unit is the second in the city to be listed at $50 million. A duplex penthouse at Faena House was listed for the same amount in November 2013 and is under contract now for an undisclosed price.

The buyer of the Bath Club penthouse would have the ability to work with the developer to customize the unit’s layout, Douglas Elliman Real Estate broker Chris Leavitt told the Wall Street Journal. Leavitt and the firm’s Oren Alexander are the listing agents.

Unit features include a wraparound terrace with views of the ocean, downtown Miami and Biscayne Bay, an elevator, home theater and private rooftop terrace with an infinity-edge pool.

“There’s a very high demand for these types of properties,” Leavitt said. [WSJ]Eric Kalis


Related Articles

arrow_forward_ios
Don and Katrina Peebles with their recently purchased Bath Club unit. (Getty, ONE Sotheby’s International Realty)
Don Peebles buys unit at the Bath Club, finds buyer for Coral Gables estate
Don Peebles buys unit at the Bath Club, finds buyer for Coral Gables estate
Judy Dolan of Levy Realty Advisors, Jay Parker and Gus Rubio of Douglas Elliman
Movers & Shakers: Douglas Elliman promotes Florida execs & more
Movers & Shakers: Douglas Elliman promotes Florida execs & more
Lourdes Alatriste and Miguel Solis with a rendering of Quint Hollywood
Elliman takes over sales of Quint Hollywood, marking third change in a year
Elliman takes over sales of Quint Hollywood, marking third change in a year
Eloy Carmenate and Mick Duchon
Elliman agents Eloy Carmenate, Mick Duchon leave to join Corcoran Group
Elliman agents Eloy Carmenate, Mick Duchon leave to join Corcoran Group
Chris Leavitt, Ashley McIntosh, Tal Alexander, Oren Alexander, Dina Goldentayer and Gary Pohrer (Douglas Elliman)
Palm Beach agent Gary Pohrer and The Alexander Team take top awards at Elliman
Palm Beach agent Gary Pohrer and The Alexander Team take top awards at Elliman
Don Peebles and the Bath Club (Getty, Peebles Corp.)
Judge slaps Don Peebles’ Bath Club Entertainment with $1M in sanctions
Judge slaps Don Peebles’ Bath Club Entertainment with $1M in sanctions
(iStock)
South Florida resi sales jump in Q4: Elliman
South Florida resi sales jump in Q4: Elliman
An aerial shot of the condos at 2020 North Ocean BLVD. (30-thirty)
Cavache taps Douglas Elliman to sell remaining units at 30 Thirty North Ocean in Fort Lauderdale Beach
Cavache taps Douglas Elliman to sell remaining units at 30 Thirty North Ocean in Fort Lauderdale Beach
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...