An upper penthouse at Oceana Bal Harbour quietly went into contract this week after being listed at $23.95 million, instantly vaulting to the top of Miami-Dade’s luxury leaderboard in what has otherwise been a sleepy stretch for high-end deals. The two-story residence runs roughly 4,900 square feet and is pitched as a full rooftop retreat, complete with its own pool and sprawling terraces that treat the building’s roof like a private resort.
Top of the Week
The Oceana deal was one of 17 luxury-home contracts signed between June 22 and June 28, based on a weekly tally that tracks Miami-Dade listings asking $4 million and up. The group included nine single-family homes and eight condos with a combined asking volume of about $133.4 million. Condos that went under contract averaged roughly $1,882 per square foot. As reported by The Real Deal, the Oceana unit was listed at $23.95 million and is in contract at nearly $4,900 per square foot, a number that stands out even in South Florida’s rarefied condo scene.
Inside the Penthouse
Listing materials describe the duplex as a private aerie, served by its own interior elevator and wrapped in expansive terraces. Up top, a rooftop entertaining deck comes with a private pool, jacuzzi and summer kitchen. The residence is described at about 4,900 square feet with four bedrooms and roughly 5.5 baths, along with multiple parking spaces and air-conditioned storage. The unit is marketed by Joelle Oiknine of One Sotheby’s International Realty, according to listing details on Brown Harris Stevens.
Market Context
Even with a relatively quiet week, luxury condos still grabbed most of the attention. The weekly report counted about 1,128 total luxury listings and noted that 22 new high-end properties hit the market during the period. The Real Deal also highlighted a Bay Harbor Islands condo at 9110 West Bay Harbor Drive, listed for $11.3 million, as the second-priciest pending sale in the roundup.
Why It Matters
The penthouse’s previous sale in 2021 for about $14.9 million underscores how marquee oceanfront product can jump in value when the right buyer steps up. Public listing history and MLS records show the 2021 sale and the current asking on sites such as Realtor.com, which lists the unit and its asking price. In a week when much of the luxury market seemed to be on summer break, this contract is a reminder that top-shelf oceanfront condos are still very much in play.
