• Home
    • Altara Properties
    • PROFILEmiami
    • Development Projects
  • About
  • Contact
Menu

Demetri Demascus  Real Estate

  • Home
  • Companies
    • Altara Properties
    • PROFILEmiami
    • Development Projects
  • About
  • Contact
landscape-1443117369-faena-house-penthouse-terrace.jpg
image.jpg
landscape-1443117369-faena-house-penthouse-terrace.jpg image.jpg

$150 Million of Condos Hit Market in Faena House

August 2, 2016

Will Miami's luxury condo market get a jolt from Faena House? Time will tell, but $150 million of units are back on the market as investors seek to flip their investments, which sold-out at $407 million. The last developer unit closed in May to Paul Cejas, who purchased a unit for $20 million. Hedge funder Ken Griffin purchased the double penthouse units for $60 million and has listed them at $55 million and $18 million a piece. It can be typical for units 10% to 20% of units to hit the market after a building is delivered, which is right where Faena House is at 9 of 44 currently listed. Despite that some units have been listed for close to a year. Currently listed units range from, $3.7 million to Griffin's $55 million and sellers plan on holding firm on their pricing. 

In Condo, Miami Beach, Faena House, Faena Tags Faena, Faena House, Condo, Miami Beach
← Privé at Island EstatesIsland Gardens →

Latest Posts