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Real Estate

Wealthy Brazilian purchase Miami Beach Penthouse for $14 million

Beach House 8 Miami Beach Penthouse

Wealthy Brazilian purchase Miami Beach Penthouse for $14 million

Miami Beach Real estate has been growing a lot since the start of the cycle in 2012. Featuring opulent penthouses and spec homes for the wealth, as primary, 2nd or 3rd residences.

There are a collection of exceptionally designed penthouses in the market from award winning architects like Rem Koolhaas, Zaha Hadid, Richard Meyer, Porsche Design Group to name a few.

This time a company controlled by wealthy Brazilian entrepreneur Mario Bernardo Garnero paid $14 million for the Beach House 8 duplex Penthouse. The Penthouse feature 5,242 sf / 487 m² of interior space and 4,794 sf / 445.4 m² of terraces including a rooftop pool and summer kitchen.


Beach House 8 Penthouse

Beach House 8 Miami Beach Penthouse Floor Plan

Beach House 8 Miami Beach Penthouse plan

According to the South Florida Business Journal, the property sold at $2,671 per square foot of interior space which is considered a fair price compared to luxury real estate like New York and Los Angeles.

Ocean Grande Properties, a joint venture between Ugo Colombo of CMC Group and Valerio Morabito of Morabuto Properties, sold the top-floor unit in the beachfront condo at 3651 Collins Ave. to Beach House 8 BH3. The buyer secured a 25-year, $7.98 million mortgage from Sabadell United Bank with a 4.5 percent annual interest rate.

Although Miami attorney Timothy D. Richards is the managing member of Beach House 8 BH3, the borrower in the mortgage is listed as Garnero. He’s the president and principal shareholder of BrasilInvest, a major real estate investment firm. The company is also one of the financial backers of art collector Gary Nader’s development proposal for Miami Dade College’s downtown campus.

Morabito said Garnero and his other buyers valued the exclusivity of the project, which has only eight units and private elevators, in addition to its high-end finishes. Beach House 8 has sold out, he added.

Read full article at South Florida Business Journal

There are great Miami Beach Penthouses in the market today featuring top of the line finishes and award winning design. Count with over the top services designed for the super wealth.

Should you have questions about luxury real estate or Miami Beach Penthouse, please do not hesitate to contact us.

“Miami

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ORAL REPRESENTATIONS CANNOT BE RELIED UPON AS CORRECTLY STATING REPRESENTATIONS OF THE DEVELOPER. FOR CORRECT REPRESENTATIONS, MAKE REFERENCE TO THIS BROCHURE AND TO THE DOCUMENTS REQUIRED BY SECTION 718.503, FLORIDA STATUTES, TO BE FURNISHED BY A DEVELOPER TO A BUYER OR LESSEE. OBTAIN THE PROPERTY REPORT REQUIRED BY FEDERAL LAW AND READ IT BEFORE SIGNING.

All artist’s or architectural conceptual renderings, plans, specifications, features, dimensions, amenities, existing or future views and photos depicted or otherwise described herein are based upon preliminary development plans, and all and are subject to architectural revisions and other changes, without notice, in the manner provided in the purchase agreement and the offering circular. All features listed for the residences are representative only, and the Developer reserves the right, without notice to or approval by the Buyer, to make changes or substitutions of equal or better quality for any features, materials and equipment which are included with the unit. The dimensions of units stated or shown in brochures will vary from the dimensions that would be determined based upon the description of the Unit boundaries set forth in the Declaration of Condominium. This website does not constitute an offer to sell or a solicitation of an offer to buy a unit in the condominium. No solicitation, offer or sale of a unit in the condominium will be made in any jurisdiction in which such activity would be unlawful prior to any required registration therein. We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, sex, religion, handicap, familial status or national origin.

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Categories
Miami Beach

Beach House 8

Beachhouse 8 Building Featured

Beach House 8

Beach House 8 is an exclusive building featuring one residence per floor, flow through finished residences with gourmet Boffi kitchens and gorgeous direct ocean views.

Neighborhood: Miami Beach Real Estate
Developer: Valerio Morabito, Morabito Properties and Ugo Colombo, CMC Group
Architect: Arquitectonica
Interior Designer: Michele Bonan
Number of Stories: 10 stories
Number of Units: 8 Units
Unit Mix: Four Bedroom Residences


Floor Plans | Contact us


Beach House 8 Location

Miami’s finest hotels, restaurants, museums, elite galleries, and sports facilities such as the Indian Creek and La Gorce Country Club are all minutes away.
Easily accessible to both public and private airports, major highways, and Downtown Miami, Beach House 8 offers both seclusion and access to a thriving social community.


Beach House 8 Building Beach

Beach House 8 consists of a series of shifted frames, expressing a series of houses in a very pure and abstract way…
…the dynamic movement of Miami, all the energy of the ocean waves

In shared outdoor and lobby areas, elements from wood-panelled drawing rooms to decking finished in Mauritian Teak, from natural-fiber banquettes to dark-blue mosaic tiling in the pool, from the garden waterfall to the airy 14-foot ceilings at the entry—combined with a full suite of concierge services appropriate for cosmopolitan living—all create an atmosphere of both understated elegance and contemporary informality. Just right for where the city meets the beach.

Beach House 8 Building Street

Beach House 8 spectacular Penthouse

While each residence at Beach House 8 has its special qualities, the duplex penthouse is very special indeed. With some 6000 square feet of outdoor living space over two levels, this unique home includes elements like a master guest suite and a landscaped private plunge pool—perfect for both gracious entertaining and intimately secluded living.

Beach House 8 Penthouse

The master suite and private terrace at the rooftop level, (whose singular bathtub offers ocean views across a sweeping private deck), recalls the commanding proportions of the personal cabins on a yacht’s quarterdeck, with the same gracious yet adventurous maritime feeling to be found in everything from the crisply-detailed cable-railings to the horizon-deep views of sea and sky.

Beach House 8 Pool

Beach House 8 Penthouse Floor Plan

Penthouse – 5,242 interior square feet (487 m²) with 4,794 square feet (445 m²) of private roof top terrace with summer kitchen and swimming pool.

Beach House 8 Penthouse plan
Click above for a PDF floor plan

Beach House 8 Residence features

Beach House 8 Living room

  • Boffi Kitchens
  • Marble countertops quarried in Italy for kitchen and baths
  • Custom made, built out closet systems
  • Energy efficient LED downlighting in key areas
  • Lutron Home-Works Lighting Control System
  • Crestron Home Automation System with the ability to control Audio, Video, HVAC, Lighting and Window treatments
  • Prewired for Motorized Window Treatments
  • Prewired for Multi Room Audio
  • Prewired for HSIA (High Speed Internet Access)
  • Prewired for Telephones, Cable TV and Satellite Video
  • Security System

Designed Kitchens

Each kitchen in Beach House 8 combines clean lines with crisp detailing. Informed by modern European traditions of refined industrial design, they feature professional-grade stainless-steel gas ranges and double-ovens by Miele—along with graceful extras from a dish-warmer to a built-in espresso machine.

Beach House 8 Kitchen

Generous refrigerators, freezers, and wine-coolers are scaled for entertaining—but disappear behind bleached oak panels that match the rest of the Boffi cabinetry. Substantial countertops and backsplashes in large- scale slabs of Calacatta Gold stone, quarried in Italy, add both durability and character. The result is sophistication with a touch of luxury appropriate for its setting and its open-plan adjacency to living and dining areas, combined with an informal ease perfect for the beach.

Designed Bathrooms

Bathrooms in each residence of Beach House 8 share a generosity of scale and a feeling of relaxation—down to the dual ceiling and wall rain-shower heads in each master bathroom—along with architectural detailing that welcomes in natural daylight while ensuring privacy.

Beach House 8 Bathrooms

Yet, thanks to distinctive fixtures and finishes, each bathroom has its own unique character. Substantial, 2-inch- deep slabs of Italian-quarried Travertine, Carrara marble, and other stone surfaces for flooring, walls and countertops—some incised with a delicate light-catching texture that recalls the play of sunshine on water—bring a natural beauty to bathroom interiors that recalls the nearby beauty of sea and sand. Cabinetry and fixtures from Boffi, Duravit, and Dornbracht ensure enduring quality and comfort.

Beach House 8 Features and Amenities

  • NY concierge services provided
  • 2 parking spaces for each residence
  • 1 pool-side cabana for each residence
  • Fitness center with Techno Gym equipment
  • Completed terrace floors with stone
  • 75’ pool with Jacuzzi
  • Private pool and beach service

All information, renderings and floor plans are courtesy of Valerio Morabito, Morabito Properties and Ugo Colombo, CMC Group and Beach House 8 sales team, Sotheby’s One International Realty

Floor Plans

Residences Floor Plans

Residences floors 2 through 8 – 3,783 interior square feet (351 m²) with outdoor living areas ranging from 989 to 2,899 square feet (92 to 269 m²).

Beach House 8 2-8 Key plan
Click above for a PDF floor plan

Penthouse Floor Plan

Penthouse – 5,242 interior square feet (487 m²) with 4,794 square feet (445 m²) of private roof top terrace with summer kitchen and swimming pool.

Beach House 8 Penthouse plan
Click above for a PDF floor plan