Four-Story Miami Penthouse with 11-Car Garage Sells For $25 Million

May 27, 2017

The four-story penthouse that tops the Porsche Design Tower in Miami with in-unit parking 600-feet in the air has sold for $25 million, the developer said on Friday.

The penthouse closed for $7.5 million less than developers wanted for the prized unit, originally priced at $32.5 million. Nevertheless, the sale is a boon for the new condo development in Sunny Isles Beach and the softening Miami-Dade County luxury market, which hasn’t recorded a single condo sale this expensive in over a year, according to property records.

Source  Mansion Global http://www.mansionglobal.com/articles/58721-four-story-miami-penthouse-with-11-car-garage-sells-for-25-million

 

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