Fort Lauderdale penthouse sells for record $9.5M

The sale price at the Auberge Beach Residences and Spa broke the old Broward County record set at the same development last year

Rendering of Auberge penthouse in Fort Lauderdale that sold for $9.5 million (Credit: ArX Solutions)
Rendering of Auberge penthouse in Fort Lauderdale that sold for $9.5 million (Credit: ArX Solutions)

An unidentified buyer agreed to pay a record $9.5 million for a penthouse at the Auberge Beach Residences and Spa condominium development in Fort Lauderdale.

The five-bedroom penthouse is the first condo unit in Broward County to sell for more than $9 million.

The old record for Broward County was set in April 2016 when a four-bedroom penthouse at Auberge sold for $8.9 million.

The recently sold five-bedroom penthouse is a two-story unit in the north tower of the two-tower, 171-unit Auberge development, which is expected to open by early 2018.

The developers of Auberge are Related Group, Fortune International Group and The Fairwinds Group.

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The $9.5 million price of Broward’s priciest condo ever equates to $1,670 per square foot. The 5,686-square-foot penthouse will have a balcony wrapping around three sides of the unit, which will have more than 3,700 square feet of outdoor space, including a private roof deck equipped with a plunge pool.

All five bedrooms will have entries to the balcony and views of the Atlantic Ocean. Each bedroom also will have a full bathroom. The penthouse will have two other bathrooms.

Shared amenities at Auberge will include two restaurants, a spa, oceanfront swimming pools, a golf simulator and a gym.

In addition to the unidentified buyer, other future residents of Auberge include former Miami Dolphins quarterback Dan Marino.

Patrick Campbell, vice president of Miami-based Related Group, told Mansion Global that the $9.5 million penthouse sale indicates strong demand for resort-style housing in Fort Lauderdale, where the luxury condo market has ballooned since 2012.

According to market research by Douglas Elliman and appraisal firm Samuel Miller, the median price of a high-end condo in Fort Lauderdale was $1.113 million in the first quarter after surpassing the $1 million mark in 2013. [Mansion Global] Mike Seemuth