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

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
Luis Robert and 3030 Meadow Lane (Getty, Google Maps)
Chicago White Sox player pays record $12M for Weston mansion
Chicago White Sox player pays record $12M for Weston mansion
401 Ridgewood Road in Miami (Google Maps)
Brazilian silicon manufacturing heir buys Key Biscayne home
Brazilian silicon manufacturing heir buys Key Biscayne home
From left: Vladislav “Bobby” Yampolsky and Robert P. Kelly along with an aerial view of 419 East Coconut Palm Road (Getty Images, Google Maps)
Luxury retailer buys waterfront Boca Raton home for $9M
Luxury retailer buys waterfront Boca Raton home for $9M
Randy Walker with 60 Edgewater Drive (ExCo Group, Brown Harris Stevens)
Gables Club developer Marc Kovens sells his penthouse
Gables Club developer Marc Kovens sells his penthouse
John Howard Kunkel with 1030 Stillwater Drive (LinkedIn, Google Maps)
50 Eggs restaurateur John Kunkel buys waterfront Miami Beach home
50 Eggs restaurateur John Kunkel buys waterfront Miami Beach home
11733 Valeros Court in Palm Beach Gardens with PharmaCord's Nitin Sahney (Google Maps, LinkedIn, Getty)
Healthcare CEO buys Palm Beach Gardens house for $8.8M
Healthcare CEO buys Palm Beach Gardens house for $8.8M
FleetCor Technologies' Ronald Clarke and 194 Spyglass Court (Ceridian, Google Maps)
Billionaire CEO buys waterfront next-door Jupiter mansion
Billionaire CEO buys waterfront next-door Jupiter mansion
Fischer & Co's Cliff Fischer with 100 Royal Palm Way PH-1
Cliff Fischer buys oceanfront Palm Beach penthouse for $15M
Cliff Fischer buys oceanfront Palm Beach penthouse for $15M
arrow_forward_ios

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

Loading...