Developers ask record $40M for Fisher Island penthouse

If the penthouse at Palazzo Della Luna fetches $40M, it would top the $31.26M price a Russian paid last year for another Fisher Island condo

TRD MIAMI /
Apr.April 21, 2018 02:45 PM

Rendering of Palazzo Della Luna

The developers of luxury condominium Palazzo Della Luna on Fisher Island plan to offer its priciest penthouse for $40 million, which would be a record condo price on the exclusive island.

Miami developer Heinrich von Hanau and PDS Development expect to complete construction of the 50-unit condominium in the summer of 2019.

They launched sales earlier this year but just started marketing the most expensive unit: a seven-bedroom, eight-bathroom penthouse that will have 10,194 square feet of interior space plus 7,322 square feet of wrap-around terraces and rooftop space.

The design of the penthouse features two powder rooms. 15-foot-tall ceilings, a stainless-steel swimming pool and an outdoor summer kitchen. The condo will come with an air-conditioned, two-car garage and Tesla electric car charger.

The penthouse that might fetch $40 million also will have 360-degree views of the Miami skyline and the Atlantic Ocean.

Dora Puig, the condominium project’s director of sales and marketing, told the Wall Street Journal that a Russian last year bought a penthouse at Palazzo Della Luna’s sister development, Palazzo Del Sol, for $31.26 million, the highest price so far for a Fisher Island condo.

A seven-minute ferry ride from Miami Beach, Fisher Island is one of the richest Zip Codes in the nation.

Jonathan Miller, an appraiser with Miller Samuel, told the Wall Street Journal that eight residences on Fisher Island have sold for more than $10 million each since 2015. [Wall Street Journal]Mike Seemuth


Related Articles

arrow_forward_ios
7600 Fisher Island Drive and Raul Fernandez

Co-owner of NBA and NHL teams sells Fisher Island condo

Map of priciest condo sales and Oceanside unit 7671

Fisher Island sale trumps all Miami condo sales last week

Map of priciest condo sales and Palazzo Del Sol unit 7074 (Credit: Google Maps)

$10M closing on Fisher Island tops week’s condo sales

From left: Andrea and Renzo Rosso

Diesel family dishes on Wynwood condo project

Map of priciest condo sales and Jade Signature unit 1503 (Credit: Google Maps)

These were the 10 most expensive condo sales last week

Map of priciest condo sales and Bal Harbour 101 Condo #1110

These were the 10 most expensive condo sales last week

Power struggle between Fisher Island association’s directors ignites lawsuit

Power struggle between Fisher Island association’s directors ignites lawsuit

Map of priciest condo sales and Palazzo Del Sol #7063

These were the 10 most expensive condo sales last week

arrow_forward_ios
Loading...