The Real Deal Miami

Oceana Key Biscayne penthouse sells for $15M

Closings brisk at Consultatio's condo complex since starting three months ago
Oceana Key Biscayne rendering and Eduardo Costantini

Oceana Key Biscayne rendering and Eduardo Costantini

Another penthouse in Consultatio’s Oceana Key Biscayne changed hands, this time for nearly $15 million.

A partnership between two corporations registered in Delaware picked up Unit PH2S at the 360 Ocean Drive complex, according to Miami-Dade County records. The companies, FAC LLC and Tarragona Real Estate, received two loans totaling about $9.5 million from Citibank for the purchase. Both are managed by Fernando Bernales.

Unit details are not available in county records.

Another Oceana penthouse traded for $17 million last month. Eduardo Costantini’s firm began closings at the 142-unit complex about three months ago.

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. — Eric Kalis