scorecard
  1. Home
  2. finance
  3. Construction on this Miami-area condo building hasn't even begun - and a penthouse already sold for $21 million

Construction on this Miami-area condo building hasn't even begun - and a penthouse already sold for $21 million

Dennis Green   

Construction on this Miami-area condo building hasn't even begun - and a penthouse already sold for $21 million

Ritz-Carlton Residences, Sunny Isles Beach

Arquitectonica

A rendering of what the penthouse will look like once built.

A penthouse in a Miami building that has yet to be completed just changed hands for a whopping $21 million, according to developers Fortune International Group and Château Group.

The entire 51st floor of the 52-story Ritz Carlton Residences at Sunny Isles Beach is currently under contract. Construction will begin on the condo building in 2016, with a projected completion date of 2018.

Though it was originally being sold as two separate residences, the buyer - who is a "successful entrepreneur," the developer told the Wall Street Journal - elected to combine them into a full-floor penthouse.

Another full-floor penthouse one floor up is still on the market for $30 million.

READ MORE ARTICLES ON



Popular Right Now



Advertisement