A sky-high sale at Faena House just dropped another trophy pin on Miami Beach's condo map. A 10th-floor residence in the ultra-luxe tower on Collins Avenue changed hands for $20 million this week, a reminder that top-tier beachfront product is still moving even as cooler air settles over other corners of the housing market.
Sale Reported By South Florida Business Journal
According to the South Florida Business Journal, Unit 10-A at Faena House closed at $20,000,000. The outlet ran the story with listing and interior photos credited to LuxQue Media, which supplied the marketing imagery that helped showcase the condo’s finishes and views.
Unit Details And Listing History
The A-line residence spans roughly 4,730 square feet of interior space and is wrapped by a 1,516-square-foot "alero" terrace, according to the public listing. That listing showed the ask climbing as high as $22,999,000 on Realtor.com, while Mansion Global reported an earlier $24.999 million asking price when the unit first hit the market in January.
Recent Trades At Faena House
Brokerage records show the sale was recorded in early June and works out to about $4,228 per square foot for the 10-A layout, per Brown Harris Stevens. The building has logged several other big-ticket deals in recent weeks, including a mid-May $16 million closing highlighted in a mid-May $16 million closing report.
What This Sale Signals
Ultra-luxury closings like this still account for only a sliver of Miami’s overall housing activity, but they continue to show that oceanfront, turnkey condos in marquee buildings are holding their own. Coverage from The Real Deal has tracked how a mix of limited inventory and high-profile addresses is keeping pricing at the top end surprisingly resilient.
What Buyers And Sellers Will Watch
For current owners and would-be sellers at Faena House, the $20 million closing on Unit 10-A now sets a fresh benchmark for A-line residences and may nudge pricing expectations for other high-floor condos in the stack. Listing information also shows substantial monthly HOA dues of about $17,022 for the A-line, a carrying cost that buyers are weighing in their offers this season, according to Realtor.com.
