Louise Sunshine slashes ask of Miami Beach penthouse

Now listed at 45% discount off 2015 asking price

Miami /
Oct.October 24, 2017 06:00 PM

It’s on to the next price for Louise Sunshine, who again has reduced the ask on her Miami Beach penthouse.

Sunshine, who recently hired Douglas Elliman’s Oren Alexander and Isaac Lustgarten to list the unit, first put the two-story, 6,400-square-foot condo at the Grand Venetian on the market in 2015 with Coldwell Banker’s Jill Hertzberg and Jill Eber for $11.75 million. Later that year, Sunshine replaced the Jills with Jeff Miller of Brown Harris Stevens Miami and reduced the price for unit 2502/2 at 10 Venetian Way to $9.9 million.

It’s now on the market with Alexander and Lustgarten for nearly $6.5 million, a 45 percent discount off the original asking price. Sunshine is under contract to purchase a smaller unit at the Four Seasons Private Residences at the Surf Club, where she wants to move in. “I’m in my 70s. I look forward to having Four Seasons services for the rest of my life,” Sunshine said.

Sunshine, who founded the Sunshine Group that later merged with New York-based Corcoran Group, paid more than $4 million for both units in 2013 and invested millions into renovating and combining them.

The six-bedroom home includes a glass staircase, Pilates studio, library, bar, three terraces and parking for five cars. Sunshine is also offering some of the furniture, designed by Vladimir Kagan. Sunshine said she spent more than $500 a square foot on finishes.

“I reduced the price to $6.5 million because I really want to sell it,” she said. “If this penthouse were on the ocean in South Beach, it would probably be $30 million.”


Related Articles

arrow_forward_ios
(Photo Illustration by The Real Deal with Getty Images)
Want more South Florida land? Buy out your neighbors
Want more South Florida land? Buy out your neighbors
Frank Pellegrino Jr. with Loews Miami Beach and Loews Hotel owner Jonathan Tisch (Rao's, Google Maps, Getty)
Iconic NYC eatery Rao’s to open at Loews Miami Beach
Iconic NYC eatery Rao’s to open at Loews Miami Beach
17141 Collins Ave, Sunny Isle
Muse Residences in Sunny Isles Beach tops weekly condo sales
Muse Residences in Sunny Isles Beach tops weekly condo sales
A photo illustration of 12203 Tillinghast Circle in Palm Beach Gardens (top) and 6300 North Bay Road in Miami Beach (Getty Images, Old Palm Golf Club, Coldwell Banker)
Flipping crazy: South Florida’s top resi flips of the year so far, ranked
Flipping crazy: South Florida’s top resi flips of the year so far, ranked
Don Peebles, in partnership with former Miami Beach Mayor Philip Levine and developer Scott Robins, wants to build a six-story office and apartment building on a city-owned parking lot (Rendering courtesy of 1664 Meridian Ave General Partner LLC)
Miami vs NYC: A developer’s guide
Miami vs NYC: A developer’s guide
From left: Monroe Capital’s Theodore Koenig, Steve Witkoff, HFZ's Ziel Feldman and Benny Shabtai with the Shore Club (Monroe, Witkoff, HFZ, Getty)
Judge awards $5M to Israeli mogul in HFZ lawsuit over failed Shore Club project in Miami Beach
Judge awards $5M to Israeli mogul in HFZ lawsuit over failed Shore Club project in Miami Beach
Prive at 5000 Island Estates Drive in Aventura (Condo.com, getty)
Privé in Aventura closing tops Miami-Dade’s weekly condo sales
Privé in Aventura closing tops Miami-Dade’s weekly condo sales
Carillon Miami Wellness Resort at 6801 Collins Avenue in Miami Beach (Google Maps, Getty)
Z Capital loses attempt to slap Miami Beach condo owners with $8M assessment
Z Capital loses attempt to slap Miami Beach condo owners with $8M assessment
arrow_forward_ios

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

Loading...