An oceanfront condo at Palazzo del Mare, purchased for $8.4 million, is the highest resale of year on Miami’s Fisher Island, listing records show.
The condo sold on Friday with a 22% discount from its original listing price of $10.8 million according to Elena Bluntzer, the listing agent for the property. The buyers are modern art collectors Sam Rose and Julie Walters, according to property records. The couple paid around $1,666 per square foot for the 5,041-square-foot apartment, according to the listing. The seller is Bent and Perd Co., an LLC, whose principals purchased the condo for $7.2 million in 2008.
Mr. Rose and Ms. Walters previously displayed their collection at the Smithsonian American Art Museum; the exhibition featured artists like Georgia O’Keeffe, Pablo Picasso, Roy Lichtenstein and David Hockney.
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The duo’s new condo is located on the ground floor and has four bedrooms and five-and-a-half bathrooms. Highlights of the property include marble countertops, Venetian plaster walls, a chef’s kitchen with modern appliances and unobstructed views of South Beach, according to the listing for the home.
The apartment is for "people who want a piece of South Beach, but don’t have to be on South Beach," said Ms. Bluntzer, since the home is a seven- minute boat ride away from the center of Miami.
Everything inside the apartment is custom designed. "The idea was to maximize the view without overdoing the interior of the apartment, keeping it very soft, very muted, very delicate," Ms. Bluntzer said.
The residence comes with a 4,000-square-foot terrace and a custom Jacuzzi, according to the listing.
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Palazzo del Mare is a luxury condo residential building with full concierge services. It was built in 2007 and is one of two developments of its kind on the island, Ms. Bluntzer said.
Fisher Island, which can only be reached by ferry or helicopter, features amenities such as a mile-long private beach, 18 tennis courts, eight restaurants and cafes, two marinas and a golf course. Joining the club is not compulsory but most owners purchase an equity membership for $250,000 with 80% equity should they decide to sell. Other membership costs are $20,000 annual club fees and $4,900 for island maintenance and the homeowners association, according to Lars Ekdahl, a senior sales representative for Fisher Island Real Estate Office.
The new owners could not be immediately reached for comment.
The Real Deal reported on the sale Monday.