Bath Club Estates penthouse listed for $50M

Don Peebles hopes to set pricing benchmark with triplex unit at Miami Beach project

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

From left: Mick Duchon, Eloy Carmenate, Tara West, Alex Sapir, Oren Alexander, Jay Philip Parker, Dean Bloch

Movers & Shakers: Sapir announces sales team for Surfside project, Franklin Street taps retail head & more

Jay Parker and a rendering of CocoWalk

Douglas Elliman, Bluemercury among new tenants at CocoWalk

Howard Lorber and Barry Zubrow with unit 1601 at The Bristol (Credit: Getty Images)

Howard Lorber flips condo at the Bristol to investment banker Barry Zubrow

Nirka Burns Padilla and Martin Conroy 

Movers & Shakers: Palm Beach broker leaves William Raveis for Douglas Elliman & more

South Florida skyline (Credit: iStock)

Resi sales rise throughout South Florida in Q4: Elliman

(Credit: Redwood Media Group)

Developers and brokerages are getting creative for Art Basel

Karen Elmir, Camilo Franco, and Caitlyn Henderson

Movers & Shakers: Elmir Group launches CRE division, Pablo Alfaro team grows

Don Peebles and a rendering of the project

Don Peebles to re-open the Bath Club in Miami Beach