Developers ask record $40M for Fisher Island penthouse at Palazzo Della Luna

April 23, 2018

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.

Palazzo Della Luna is an ultra-luxury boutique condominium, which just launched sales last week. The 10-story building will feature 50 three- to seven-bedroom waterfront residence

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.

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

Palazzo Della Luna will be connected with sister property Palazzo Del Sol via a “Central Park” that includes outdoor tea gardens, a croquet lawn, bocce ball court, and serenity yoga lawn.

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.

Source The Real Deal South Florida

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