The Real Deal Miami

Tri-level penthouse at Fort Lauderdale’s tallest building lists for $12.5M

Four-bedroom unit last sold for $1.4M in 2012 as a shell
By Katherine Kallergis | July 13, 2016 12:45PM

A three-story penthouse at the Las Olas River House in Fort Lauderdale hit the market for $12.5 million.

The four-bedroom, 6,912-square-foot unit, at 333 Las Olas Way, was designed by Steven G. and is only available fully furnished, listing agent John D’Angelo of D’Angelo Realty Group told The Real Deal. He’s co-listing the unit with Alex Smythe.

The asking price breaks down to $1,808 per square foot.

Unit 3210 features a spiral staircase, hand-blown glass chandelier, imported stone finishes and woods, custom lighting, Italian marble, Miele and SubZero appliances, a bar, butler’s pantry, midnight kitchen and an entertainment room on the third floor.

D’Angelo said the owners are looking to move to a single-story home. The turnkey penthouse also includes more than 3,300 square feet of terrace space with a private rooftop and seven balconies.

At 42 stories, the River House currently stands as the tallest skyscraper in Fort Lauderdale and Broward County overall. Tarragon Corp. developed the three-building complex, which includes two 42-story towers and one 34-story building, in 2004. The building has 285 condo units. It overlooks the New River. In August, vacant land next to the development sold to the Kolter Group.

Property records show the condo last sold for $1.42 million in 2012. Barbara and Frederic Reitman are the owners. Frederic Reitman is an orthopedic surgeon in Highland Beach.

D’Angelo said they purchased the unit as a shell that didn’t even have walls. “They were able to see past the cement floors and exposed plumbing when everyone else saw it as an incomplete project that would take years to complete,” he said via email.

He said he will market the penthouse domestically, internationally and to celebrities.