One of the lowest density oceanfront buildings in the market, on one of the shortest stretches of coast anyone is still building on.
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.
The residences at the top of a 25 storey building of roughly 56 homes, on approximately 2.67 acres with around 200 linear feet of private shoreline. Homes across the building run from three to six bedrooms at roughly 3,300 to 12,600 square feet.
At the upper end of that range a residence is house sized. The distinction between a large residence and a penthouse in a building like this is narrower than in a 400 unit tower, because the standard product is already generous.
Roughly 56 homes on 200 feet of private beach is the number that matters here.
We publish no figure. No closed penthouse sale or reported contract here has appeared in the public record we have found.
Published entry pricing has been described in the market as beginning around the seven million level for residences generally. That is a building entry figure from third party sources rather than a penthouse number and it should not be used as one.
Published residence counts differ, appearing as both 56 and 61. The developer brochure figure is the one to rely on.
Developed by Related Group with Two Roads Development, architecture by Skidmore Owings and Merrill, interiors by Rottet Studio, landscape by Enea Garden Design. The sales gallery is at Bal Harbour Shops.
Bal Harbour is a small, controlled municipality with a deliberately restrained character, and it is largely built out. New oceanfront supply here is close to finished as a category.
Related Group has the longest delivery record in this market, which is worth more than most brand associations when you are buying something that does not exist yet.
Roughly 56 households carrying an oceanfront building with a full service model produces a specific monthly figure and a specific exposure to any assessment. Get the projected operating budget and read the assumptions rather than the total.
Private shoreline of about 200 linear feet is a genuine scarcity and it is also a coastal maintenance obligation. Ask how beach and dune management is funded and by whom.
Ask what SOM specified and what survived. A signature practice on the drawings and a delivered building are two different things, and the difference is where the premium is either earned or lost.
Fifty six households on a private beach in a built out municipality is the scarce thing here, and it is also a small base carrying a large building. Contact the desk at Miami Dossier and we will put the operating assumptions next to the offering.
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.