Upper Penthouse With The Largest Private Pool In Miami Beach Sells For $10,200,000

This sale transpires amid a slowdown in luxury sales; one of only 7 recent transactions above $9 million in Miami-Dade and 4 in Miami Beach in 2017.

Engel & Völkers Florida is pleased to announce that the W South Beach Penthouse, UPH 5, previously owned by British hedge fund manager Chris Rokos, has sold for $10,200,000 USD. The sale closed on June 12, 2017. The sale represents the highest priced-per-square-foot sale in Miami in 2017. This sale transpires amid a slowdown in luxury sales; one of only 7 recent transactions above $9 million in Miami-Dade and 4 in Miami Beach in 2017.

The unit is 2,912 SF, with a mega-terrace overlooking the ocean. The private pool measures 60×10 sq. ft. with a 16×8 jacuzzi. Finishes include stunning decor and furnishings, quartz counters, marble bathrooms, Wolf and Sub-Zero appliances, a Crestron smart home system, Lutron lighting and more.

“This is a one of kind Upper Penthouse with a 60 foot infinity pool in one of Miami’s most desired buildings,” explained Gonell.

The beachfront W South Beach was completed in 2009, designed by Yabu Pushelberg. Amenities include restaurants like Mr Chow, The Dutch, Groove & The Wall nightclub, as well as 24-hour concierge service, spa, beauty salon, outdoor heated pool, private residence pool, tennis court, basketball court, 24-hour gym, water sport and activities center.

The buyer is American recording artist and songwriter, Ivan Wilzig, who is best known for his pop-dance remakes of 1960’s and early 1970’s peace songs.

“As this is Sir Ivan’s primary residence, we wanted something to fit his lifestyle and to offer a great rental program during the summer when he’s at his Hampton’s castle” said Gonell.

Gonell is currently representing another penthouse in the building; a completely renovated 3 bedroom, 3 bathroom unit, listed for $9,950,000, which includes private pool and the largest mega terrace in the building.

Engel & Völkers Florida continues to strengthen and expand its presence in premium real estate markets across the state. Currently, there are multiple locations across Florida, including: 30A Beaches, Belleair, Bonita Springs-Estero, Cape Coral, Clearwater, Delray Beach, Destin, Fort Lauderdale-Las Olas, Jupiter, Key West, Madeira Beach, Marathon, Marco…

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