Courtesy of Privé
The multi-million dollar residences of Privé in Aventura, Florida.
- The super rich have found a new paradise in Florida.
- Located on a man-made island in Aventura, Florida, Privé is a pair of 16-story towers with residences that start at $2.35 million and go up to $8.5 million for penthouse units.
- More than 80% of residences have already sold to both locals and foreigners, most of whom are adding Privé to their already extensive real estate portfolios.
The super rich have found a new paradise in Florida.
Privé, a pair of 16-story towers that opened earlier this year, is situated on an an eight-acre island in Aventura, Florida, that was created during the dredging and establishment of the Intracoastal waterway.
Its 160 luxury residences are selling at starting prices of $2.35 million and up to $8.5 million for penthouse units (set to open later this year). More than 80% have sold since pre-construction on the buildings in 2015.
"For more than half of the buyers, it's a second, third, or fourth home," Greg Freedman, co-founder of BH3, the real estate development firm behind Privé, said. So far, Privé has been popular among snowbirds (northerners who migrate south during the winter), international buyers from Mexico and South America, and full-time Miami residents.
For many buyers, it's a getaway for warmer weather and vacations. And thanks to its location on South Florida's last private undeveloped island situated not far from both Miami and Fort Lauderdale, Privé allows for privacy with proximity to city life.
"The vision was to create a lifestyle for residents that they couldn't get anywhere else," Freedman told Business Insider. "It is singular and can't be duplicated or replicated. It also has more indoor and outdoor square footage allocated to amenities than any other residents-only project in South Florida."
Take a tour below.