This Coveted Oceanfront Penthouse Is Now for Sale — Is It Worth the Price Tag?

It’s not unheard of for penthouses, especially those located in luxury residential buildings, to go for tens of millions of dollars. So, it doesn’t really come as a surprise that the top unit at Faena House in Miami Beach, Florida is reportedly on the market for a whopping $37 million. The question though is what sets it apart from other similar ultra-expensive properties.

Luxury Residence

ArchDaily | The penthouse’s spacious living room opens up directly onto the deck

For starters, the unit is located on prime land. The penthouse has stunning views of the beach and the ocean below, which is accessible thanks to the 3,887 square feet of outdoor deck space that comes with the residence. The deck, which is within reach from every room of the unit, is specially designed to cut down the ocean winds it receives a lot of. The listing for the property is currently the priciest one on the Realtor website, according to sources.

Bespoke Interiors

Best of Luxury Realty | The bedrooms also feature the rest of the unit’s minimalist aesthetic utilizing walls of windows

The penthouse’s interiors would definitely impress even those with the most luxurious of tastes. For one, it’s decked out with appliances from the high-end, German brand Miele.

Likewise, its bathroom finishes are courtesy of another well-known luxury German company, Dornbracht. Another noteworthy feature of the home is its automation system which allows its residents to have full control over its lighting, shades, and thermostat.

All units at the Faena building reportedly have this system. Completing the unit are furnishings care of Rob Wetzels, who decorated the place with numerous custom details from its mod theme decor to its intricate plasterwork.

Having an open floor plan, the penthouse spans 6,400 square feet of interior living spaces. It has five bedrooms and six and a half bathrooms. At the heart of the residence is a grand living room with high ceilings. Home chefs would also find the home’s gourmet kitchen and its formal dining room a joy for entertaining guests.

High-Price Units

Accor Hotels | Living at the Faena House comes with lots of perks including 24-hour security and a beach club

The Faena House is no stranger to high-price buys. Just in 2015, Citadel CEO Kenneth Griffin broke records when he reportedly paid $60 million for a unit there. The 2,500 square-foot is among the billionaire’s expensive residences.

The building itself is named after Alan Faena, an Argentine developer, and was a creation of the Foster + Parents firm. Its concept includes the development of surrounding areas into an arts district with cultural venues alongside residential and shopping spaces.