The Residences at The Miami Beach EDITION is breaking hearts and pricing records for pre-construction in South Florida, with the sale of a two-penthouse combo for $34 million.
In less than four weeks since sales launched, half of the posh 26 homes atop the Miami Beach EDITION Hotel have been sold at an average of $3,000 per square foot, according to a press statement.
The sales at the John Pawson-designed, 18-story development by hotelier Ian Schrager include both penthouses to the same buyer at a combined price of $34 million, which translates to an unprecedented $3,800 per square foot. “The Beach House,” a triplex, has gone into contract for $14 million, at $3,200 per square foot.
The four-bedroom, four-bathroom penthouses feature rooftop “Gardens in the Sky” with indoor/outdoor lounges and dining areas surrounded by full-height glass sliding doors, outdoor 30-foot swimming pools, outdoor kitchens, 21-foot-tall ceilings in the living rooms and private elevators with access to all floors.
The four-bedroom, three-bathroom Beach House isn’t too shabby either, with an outdoor kitchen, outdoor shower, plunge pool and expansive rooftop gardens with views of the Atlantic Ocean — take that, Hanging Gardens of Babylon!
The homes range from 909 square feet to 4,597 square feet. Douglas Elliman is marketing the property, and the development is scheduled to open in early 2014. Some majorly envy-inducing renderings below (what did we say about this project breaking hearts?):