Apogee unit in South Beach hits market at $8.5M

Miami /
Oct.October 14, 2015 09:45 AM

A flow-through unit at the Apogee condo tower in South Beach is for sale at $8.5 million — the cheapest price currently offered at the luxury building.

Unit 1203, which features ocean views and modern finishes, was listed roughly two weeks ago by Nelson Gonzalez of Esslinger Wooten Maxwell.

The 3,103-square-foot residence was built out by the original owner when Apogee first opened in 2008. It has wood floors throughout, recessed lighting, smart home technology and built-in cabinetry. The appliances are modern, and the closets are walk-in. Gonzalez told The Real Deal that one of the more notable features is the unit’s 11-foot-wide balcony, which the owner set up to be an outdoor living room.

“This building is one of the few that I know of that has the summer kitchens on the balcony,” Gonzalez told TRD. “In my opinion, Apogee is certainly in the top three buildings in Miami Beach. “

The owner, Gonzalez said, is putting his unit up for sale because he just purchased a waterfront home in Miami Beach. Gonzalez declined to name the owner.

Miami-Dade County property records show that the unit is owned by Jonathan Cox, founder and chairman of the Federated Companies, a real estate firm with offices in Miami and Lawrence, Mass. In July, Cox picked up a brand new spec house in Sunset Islands for $5.58 million. He had purchased the Apogee unit for $7.24 million in October 2014, according to public records.

Out of the eight condos currently for sale at Apogee, unit 1203 is the cheapest. Its price breaks down to roughly $2,737 per square foot. Gonzalez also has the listing for the most expensive: a nearly $20 million unit on the 24th floor.


Related Articles

arrow_forward_ios
Chris Lorenzen and Richard W. Gray III with Apogee at 800 South Pointe Drive in Miami Beach (LinkedIn, DJR Enterprises, Apogee Condo South Beach)
Securities trading CEO buys Apogee condo in South Beach for $12M
Securities trading CEO buys Apogee condo in South Beach for $12M
Jacques Barbera and 800 South Pointe Drive (Google Maps)
Bar Invest Group chief sells Apogee condo in South Beach for $8M
Bar Invest Group chief sells Apogee condo in South Beach for $8M
(Google Maps)
Weekly condo sales and dollar volume drop in Miami-Dade
Weekly condo sales and dollar volume drop in Miami-Dade
Edward Rose and the unit (Douglas Elliman, iStock)
Maxim Group vice chairman buys Apogee condo
Maxim Group vice chairman buys Apogee condo
Miami-Dade condo sales map and Continuum South Tower (Google Maps)
$35M Miami Beach sale leads weekly condo sales
$35M Miami Beach sale leads weekly condo sales
Joseph Beard and Apogee at 800 South Pointe Drive, Miami Beach (Google Maps)
Westdale CEO sells Miami Beach condo for $16M
Westdale CEO sells Miami Beach condo for $16M
From left: Howard Frank Auman and Patrick J. Peyton with Apogee at 800 South Pointe Drive, Miami Beach (Photos via Signature Property Group, PAMM, Sieger Suarez Architects)
Multifamily developer spends nearly $8M on Apogee unit
Multifamily developer spends nearly $8M on Apogee unit
JLL's Gregory and Apogee at 800 South Pointe Drive, Miami Beach (Google Maps, iStock)
JLL vice chairman buys Apogee condo in South Beach for $6M
JLL vice chairman buys Apogee condo in South Beach for $6M
arrow_forward_ios

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

Loading...