Bentley Bay PH re-listed: square footage up, price lowered to $17.9M

Miami /
Dec.December 09, 2015 09:45 AM

A Bentley Bay penthouse has been re-listed with a new broker, with a million-dollar price drop to $17.9 million, and a re-calculated square footage  up more than 1,200 square feet.

Bentley Bay’s Penthouse B, at 520 West Avenue in Miami Beach, is now co-listed by Jeri Jenkins and Luis Reyes of the Jeri Jenkins Group at Coldwell Banker Residential Real Estate, Reyes told The Real Deal. About eight months ago it had been listed by Jeff Miller of Zilbert International Realty for $18.9 million.

The fully furnished, two-story, five-bedroom, five-and-a-half bathroom condo was previously described as having 6,000 square feet. But Reyes said the owner had the unit measured, and it turned out to be 7,213 square feet. The previous price equated to $3,150 per square foot, and the current price, $2,482 per square foot.

The unit comes with a 7,123-square-foot terrace, private rooftop pool, Jacuzzi, private elevator, five parking spaces and 360 degree views, according to the listing.

In 2010, the residence was bought unfinished for $2 million, after it had fallen into foreclosure, according to Miami Dade County property records. Miller had said the seller is from Monaco and owns homes around the world.

He spent two years building out the penthouse, which now comes complete with a $1 million Creston and Lutron smart home system, motorized doors and shades, a champagne and wine locker, gym with steam room, and an indoor bar and entertainment area with a DJ booth.

The bayfront Bentley Bay is in the midst of a $500,000 revamp, which was announced late last month. The development’s condo association hired South Florida-based Eclipse Building Corp. to complete the renovation of the north and south tower’s lobbies.

Bentley Bay was developed by Ricardo Olivier in 2004. The 3,000-square-foot revamp includes replacing the development’s nautical-themed lobbies with marble floors and columns, new draping and chandeliers. It’s slated for completion in early January.

 

Related Articles

arrow_forward_ios
Miami skyline
Miami predicted to be world’s second-best luxury market in ’23
Miami predicted to be world’s second-best luxury market in ’23
71 Curlew Road and James and Kimberly Caccavo (LinkedIn, Steelpoint Capital Partners, Google Maps)
PE boss James Caccavo drops $11M on waterfront Manalapan spec home
PE boss James Caccavo drops $11M on waterfront Manalapan spec home
Sean Hannity with 9 Sloans Curve Drive (Getty, Google Maps)
Palm Beach green-lights addition for Sean Hannity’s oceanfront townhouse
Palm Beach green-lights addition for Sean Hannity’s oceanfront townhouse
404 East Coconut Palm Road in Boca Raton (Google Maps, Getty)
Waterfront Boca Raton spec mansion sells for $19M
Waterfront Boca Raton spec mansion sells for $19M
211 Dunbar Road (Google Maps)
Good ROI? Wealth manager sells non-waterfront Palm Beach estate for $21M
Good ROI? Wealth manager sells non-waterfront Palm Beach estate for $21M
Estée Lauder and 144 Everglade Avenue (Getty, Google Maps)
Estée Lauder’s former Palm Beach estate gets designated historic
Estée Lauder’s former Palm Beach estate gets designated historic
Mount Vernon Company's Bruce Percelay and 210 Palmo Way, Palm Beach (Google Maps, Linkedin, Getty)
Boston real estate chief sells non-waterfront Palm Beach lot for $10M
Boston real estate chief sells non-waterfront Palm Beach lot for $10M
124 Brazilian Avenue (Google Maps)
VC head Robert Burch sells Palm Beach estate for $24M
VC head Robert Burch sells Palm Beach estate for $24M
arrow_forward_ios

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

Loading...