Record-breaking Miami Beach penthouse sells at $26 million

by Lauren Brocato

Miami’s most-sought-after penthouse located in the South of Fifth neighborhood sold for $26 million on May 11.

The sale at 321 Ocean Dr. — a luxury residential development from Aria Development Group — is the highest priced residential transaction in the last 12 months in the Miami-Dade County. The mansion is the only full floor oceanfront penthouse in South Beach with a 36-foot infinity pool overlooking open ocean views.

With 13,220 square feet, the two story penthouse has about 7,000 square feet of interior space. It features a private 5,223 square foot roof deck with infinity pool, outdoor kitchen, fire pit and massive entertaining space that seats up to 40 people. The space also offers a 360-degree ocean and city view 100 feet above the beach. The penthouse has five bedrooms, including staff quarters, five baths and two half baths.

The property was purchased by an undisclosed buyer Skurge, LLC, represented by Douglas Elliman’s Eloy Carmenate & Mick Duchon. An American-Russian financer, represented by Bill Hernandez & Bryan Sereny at Douglas Elliman, sold the house for highest price in South Beach since 2014.

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  • Bryan Sereny says:

    It was a pleasure to represent the seller on this transaction. It took many months and a focused strategy to achieve this record sale.