Duplex Penthouse of Faena Hotel Miami Beach to List for a Record $55 Million

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Faena Group has announced plans to list a duplex penthouse in the Faena Hotel Miami Beach—the former Saxony Hotel—for a jaw-dropping $55 million.  which will likely make it the priciest condo for sale in the Miami area.

One of 13 units on the top floor of an oceanfront building designed by Norman Foster, the 9,780-square-foot fully furnished unit will have interiors designed by director/producer Baz Luhrmann and his wife, production and costume designer Catherine Martin—known for their work on films such as “Moulin Rouge” and “The Great Gatsby.” The duo will be designing the entire hotel.

Faena Hotel Miami Beach

According to Alicia Goldstein, an executive vice president at Faena Group, the penthouse will have six bedrooms, five full bathrooms and four powder rooms, in addition to about 4,435 square feet of terrace space, featuring 360-degree views of the ocean and downtown Miami.

Slated for completion in the fall of 2015, Ms. Goldstein reports that the penthouse will boast two kitchens, a private internal elevator, a great room, living room and media room. The owners will have their own entrance, lobby and concierge, and have access to hotel amenities like the pool and beach club.

Sales are being handled by Erik Schneider of Douglas Elliman Development Marketing.

Details and photo courtesy of The Wall Street Journal

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