St. Regis full floor listed for $28M, or split in three for $29M

One of three units is finished in a contemporary style, the other two are unfinished

Dec.December 14, 2015 01:30 PM

The entire 26th floor of the north tower at the St. Regis in Bal Harbour is on the market for $28 million.

It’s also for sale as three separate units, for $12 million, $11 million and $6 million, totaling $29 million, said Cervera Real Estate CEO Veronica Cervera Goeseke, who has the listing.

In all, the full-floor condominium has 13 bedrooms, 13 bathrooms and five half-baths, with panoramic views of the ocean and Intracoastal Waterway, according to the listing. The 14,420-square-foot property, which includes units 2601N, 2602N and 2604N at 9705 Collins Avenue, also has 4,323 square feet of terraces. The price breaks down to $1,942 per square foot.

“It’s one of the rare opportunities where you can buy an entire floor in South Florida,” Cervera Goeseke told The Real Deal.

Divided into three units, the $12 million corner unit has 3,884 square feet and is finished in a contemporary style, while the other two units are unfinished, the listing shows.

“It can work well for a family, and it’s a great way to have the ability to have the family together, and have their own apartments,” Cervera Goeseke said.

Carlos Alberto De Oliveira Andrade, a doctor by training and the president and principal shareholder of Grupo CAOA, had bought the three units on the 26th floor of the 27-story building in December 2011 for $20 million, public records show. Grupo CAOA has 140 auto dealerships, selling Subaru, Hyundai and Ford in Brazil, according to its website.

Now the owner is selling the property because he is looking for a waterfront home in Miami Beach, Cervera Goeseke told TRD.

Cervera Real Estate had handled pre-construction sales and marketing for the St. Regis four years ago, with sales totaling $1.2 billion, she said.

In June, Jeff Miller of Brown Harris Stevens | Zilbert listed unit 1701 at the St. Regis for $25 million. The 13,000-square-foot unit takes up the entire 17th floor of the south tower and is being sold unfinished.

The St. Regis is across the street from the Bal Harbour Shops, which are planning a $400 million renovation and expansion.


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