One Thousand Museum unit heads to the auction block

The unit was previously listed for $7.1 million

Miami /
May.May 11, 2020 03:00 PM
Bruce Lunsford and One Thousand Museum (Credit: Mandy Dixon/Wikipedia, and One Thousand Museum)

Bruce Lunsford and One Thousand Museum (Credit: Mandy Dixon/Wikipedia, and One Thousand Museum)

A condo at Zaha Hadid’s One Thousand Museum is heading to auction next month without a reserve.

W. Bruce Lunsford, a Kentucky nursing home magnate and former U.S. Senate candidate, owns the unit, a half-floor condo at 1000 Biscayne Boulevard. Unit 3601 will be auctioned through Concierge Auctions with broker Sylvia Fragos of Great Estates International Realty, according to a press release. It was previously listed for $7.1 million.

Bidding will be held online on May 27.

Lunsford paid $6.3 million for the unit in 2019. The 4,876-square-foot condo is furnished with custom Italian pieces and features an open floor plan, a chef’s kitchen, and a master suite with two spa baths, according to the press release. It has four bedrooms and 6.5 bathrooms.

David and Victoria Beckham paid about $19.8 million for a full-floor unit at the building in March.

Developers Louis Birdman, Gilberto Bomeny, Gregg Covin, Kevin Venger and Todd Michael Glaser completed One Thousand Museum last year. Amenities at the building include a rooftop helipad, a sky lounge, bank vault, wellness center, spa, and indoor lap pool on the 61st floor.

Buyers have included Newell Brands CEO Ravichandra Saligram, Italian investor Francesco Rovati, and thoracic surgeon Dr. Moses Degraft-Johnson.

Luxury home auctions are growing in popularity, as they allow sellers to tap into an auction house’s database full of wealthy buyers worldwide, and limit expensive carrying costs on high-priced properties that can otherwise take years to sell.


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