The most instructive number in Miami is not the current record. It is the one that held for ten years.
This page describes the residence. Whether it is available, and on what terms, changes without notice. Contact the desk at Miami Dossier for the current position on any building we cover.
A penthouse at Faena House sold at $60 million in 2015, setting a Miami-Dade condominium record that was not surpassed until November 2025.
The building anchors the Faena District on Collins Avenue in Mid-Beach, a coordinated development that reshaped that stretch of the beach.
Ten years is a long time for a record to stand in a market that describes itself as fast moving.
$60 million, 2015, recorded. The Miami-Dade condominium record until an $86 million sale at Seaway at the Surf Club in November 2025.
The decade between the two records is the fact worth carrying. Between 2015 and 2025 Miami absorbed an enormous amount of capital, a substantial migration of wealth and a great deal of new construction, and the very top of the condominium market moved by roughly forty per cent across ten years.
That is a considerably calmer picture than the trophy tier presents of itself, and it is the single best corrective to a sales conversation built on momentum.
Part of the Faena District, developed as a coordinated cultural and residential project in Mid-Beach rather than as a standalone tower.
The building is delivered and has a decade of operating history, which means every document a buyer could want exists.
Note that Faena Residences Miami on the river is a different project with different developers. The shared name does not make them equivalent.
A record set in 2015 is a poor comparable for a 2026 purchase, and it is also a useful discipline. Ask anyone quoting rapid appreciation at the top of this market to explain the decade the record did not move.
A building with ten years of history has a reserve study, an assessment record and a maintenance track record. In a market of renderings, that is the most valuable asset a building can have.
Resale in the trophy tier of an older building competes with new construction offering current specifications. That is a real consideration and it is not usually raised.
The interval between the 2015 and 2025 records is the most honest picture of trophy tier appreciation available, and it is calmer than the market narrative. Contact the desk at Miami Dossier and we will show you the actual recorded history rather than the story.
We hold no listings and we are not the developer. Contact the desk at Miami Dossier and we will tell you what is actually available at the top of this building, what the last comparable trade was, and where we would not proceed. Where a question is legal, tax or structuring, we introduce you to advisers who handle that properly rather than answering it ourselves.