Penthouse Life News

Mar

MIAMI BEACH PENTHOUSE TOWERS ABOVE RECENT SALES


Posted on: Wednesday Mar 28 2012

MIAMI BEACH PENTHOUSE TOWERS ABOVE RECENT SALES

You'll currently find Penthouse Villa A riding high above the Setai Resort and Residences on Collins and 20th Street in Miami, in more ways than one. The two-storey mansion with its 6,209 sq. ft. of floor space closed for a cool $21.5 million, making it one of the top sales of its kind in recent memory.

This 'mansion in the sky” has 22-foot ceilings, three bedrooms and 2.5 baths ,all themed with a traditional Thai motif. This fabulous home also features unique and antique furnishings, floor-to-ceiling glass windows, custom woodwork, and a rooftop terrace with superb panoramic views of the Atlantic.

Not surprisingly, there is also garaging for 4 vehicles and the new owner has access to the Setai’s five-star amenities. These include concierge service, 24-hour room service, valet, restaurant and bar and of course a signature fitness center with a spa and three pools.

The property had originally been listed for $27 million via Eloy Carmenate, the listing agent, executive VP with One Sotheby’s International Realty. The buyers were represented by Jeff Miller sales manager with Zilbert Realty Group. The new owners are rumored to be Anne and Kenneth Griffin. He’s the founder/CEO of Chicago-based hedge fund Citadel LLC. Allegedly, the seller was Jim Clark, the billionaire founder of Netscape. However, neither agent would discuss the owners, new or previous, so these facts cannot be corroborated.

Carmenate stated that the property originally sold in 2004 for $9 million prior to construction. In addition he's quoted as saying that,

“Being part of Setai, price goes up 30 percent. There isn’t a penthouse like it on the beach that touches the sand,” “What people don’t realize is there’s a very big difference between properties that touch the sand and those don’t.”

Now has that whet your appetite for your own penthouse mansion in the sky? Then you are in luck. Carmenate has another: an 8,400-square-foot penthouse (with a 7,000-square-foot rooftop terrace) at the Michael Graves designed 1500 Ocean Drive. The asking price: $25 million and your new neighbors will include Dallas Maverick's owner Mark Cuban, and Carmenate.

You'll currently find Penthouse Villa A riding high above the Setai Resort and Residences on Collins and 20th Street in Miami, in more ways than one. The two-storey mansion with its 6,209 sq. ft. of floor space closed for a cool $21.5 million, making it one of the top sales of its kind in recent memory.

This 'mansion in the sky” has 22-foot ceilings, three bedrooms and 2.5 baths ,all themed with a traditional Thai motif. This fabulous home also features unique and antique furnishings, floor-to-ceiling glass windows, custom woodwork, and a rooftop terrace with superb panoramic views of the Atlantic.

Not surprisingly, there is also garaging for 4 vehicles and the new owner has access to the Setai’s five-star amenities. These include concierge service, 24-hour room service, valet, restaurant and bar and of course a signature fitness center with a spa and three pools.

The property had originally been listed for $27 million via Eloy Carmenate, the listing agent, executive VP with One Sotheby’s International Realty. The buyers were represented by Jeff Miller sales manager with Zilbert Realty Group. The new owners are rumored to be Anne and Kenneth Griffin. He’s the founder/CEO of Chicago-based hedge fund Citadel LLC. Allegedly, the seller was Jim Clark, the billionaire founder of Netscape. However, neither agent would discuss the owners, new or previous, so these facts cannot be corroborated.

Carmenate stated that the property originally sold in 2004 for $9 million prior to construction. In addition he's quoted as saying that,

“Being part of Setai, price goes up 30 percent. There isn’t a penthouse like it on the beach that touches the sand,” “What people don’t realize is there’s a very big difference between properties that touch the sand and those don’t.”

Now has that whet your appetite for your own penthouse mansion in the sky? Then you are in luck. Carmenate has another: an 8,400-square-foot penthouse (with a 7,000-square-foot rooftop terrace) at the Michael Graves designed 1500 Ocean Drive. The asking price: $25 million and your new neighbors will include Dallas Maverick's owner Mark Cuban, and Carmenate.

 
Mar

SECRET PENTHOUSE DEAL STRUCK AS GOLD COAST PRICES SOAR


Posted on: Wednesday Mar 28 2012

SECRET PENTHOUSE DEAL STRUCK AS GOLD COAST PRICES SOAR

Peter Devitt, Managing Director of multi-faceted Australian company L.U. Simons Builders, made a 'third time lucky' bid of A$ 9.2 million for a stunning penthouse at the very top of the Liberty Panorama tower.

Mr. Devitt bought the stunning 2 storey penthouse via Devitt Nominees,which has also owned an apartment in “Silverpoint”, a Main Beach Parade tower, since 1989. However, both buyer and seller in this current situation insisted on privacy concerning the Liberty Panorama transaction. Sharon Lloyd, of Main Beach's “Live-In Prestigious Properties” is believed to have handled the sale: we understand she was not willing to discuss it with others.

It is understood that Mrs Reardon had originally offered the property for sale in 2007 for A$16.5 million and Mr. Devitt, who is also a successful race horse owner breeder, had bid twice previously as the price fell, first to A$15 million in 2008, then A$14 million in 2009 before this final settlement at A$9.2million

In 2010, Mr Devitt paid $15 million for an opulent penthouse in “The Melburnian” tower in Melbourne's St Kilda Road. He is understood to have bought it it as a present for his wife, surprising her by handing her the keys at a dinner at “Silks” Crown Casino.

Prices do seem set to rise however, if the deal for the nearly-completed Surfer's Paradise “Soul” tower closes. It is reported that the penthouse in that building is currently being negotiated at A$16.75million. The 70-storey “Soul” deal was announced nearly 6 years ago and if the penthouse sells for the asking price, it could set a whole new benchmark for the Gold Coast.

 
Mar

A BAY AREA BARGAIN PENTHOUSE FOR JUST $28 MILLION?


Posted on: Wednesday Mar 28 2012

A BAY AREA BARGAIN PENTHOUSE FOR JUST $28 MILLION?

Absolutely! When you consider that this stunning luxury penthouse with 20,000 feet of the most

desirable living space imaginable, was listed for $70 million in 2008! Think of the potential both as an investment and for a priceless lifestyle choice.

Located on the top two floors of the exclusive St. Regis Hotel in San Francisco, this undeniably gorgeous penthouse is configured in a way that will satisfy every penthouse lover's dreams – and more. The 'basics' include:-

 

  • 6 bedrooms
  • 12 bathrooms
  • A library
  • A patio
  • A foyer - complete with a waterfall!
  • A master suite with easy access to a sauna, gym and steam room
  • 3,000 feet of balconies.

 

Together with four fireplaces, a vast central living area and 22 foot high ceilings, the living space is exhilarating. Imagine summer parties on 3,000 feet of balcony, with mesmerising views of San Francisco's Bay area and skyline? Or cosy times around the fireplaces in winter without feeling 'trapped' indoors?

Originally three different apartments, a bold and highly expensive make-over created this unique penthouse home. It is now the crowning glory of the St Regis Hotel in the Williams Building ,on 125 3rd Street, San Francisco. It's a an early 20th century structure, that is also home to signature restaurant Ame, operated by Lissa Doumani and Hiro Stone (chef owner of Napa Valley stand out Terra Restaurent) and the exclusive, 9000 ft. Remede Spa.

As a bonus, the building is directly adjacent to the internationally acclaimed San Francisco Museum of Modern Art and is opposite to the beautiful Yerba Buena gardens. Handy if you're entertaining visitors from out of town!

 
Mar

RUSSIAN BILLIONAIRE BLASTS RECORDS WITH $88 MILLION PURCHASE OF NEW YORK PENTHOUSE


Posted on: Wednesday Mar 28 2012

RUSSIAN BILLIONAIRE BLASTS RECORDS WITH $88 MILLION PURCHASE OF NEW YORK PENTHOUSE

15 Central Park West, formerly owned by the retired head of Citigroup Inc. is now the most expensive apartment in New York. It passed from the hands of Sanford I. Weill to a trust established in the name of Ekaterina Rybolovleva, the 22 year old daughter of Dmitry Rybolovlev, a Russian billionaire who currently resides in Monaco.

The president of brokers Brown Harris Stevens, Hall F. Wilkie, confirmed that the sale had closed at the full asking price. He is quoted as saying that he understands the buyers will keep the custom-designed space as it currently stands, which includes an oval bedroom, and a study panelled in Brazilian rosewood. The penthouse also benefits from a wraparound terrace with views over Central Park.

The $88 million price paid is 66% above that of the previous record sales and generated close to $2.5 million in city and state taxes. Not only did it produce a windfall for tax take but also provided a record commission on a residential sale ,equating to about $3.5 million for two brokers at Mr. Willkie's firm. Kyle W. Blackmon represented Mr. Weill, and Maria Torresy represented the Rybolovlev Trust, brokers said.

This exceptional sale shows the growing trend of international buyers in New York over the past few years. Russian and Chinese buyers are completing on Many of the units at One57, a new 1,004-foot tower under construction on West 57th Street,

The previously biggest recorded condo deal was in 2007, when developer Harry Macklowe spent $51.5 million on a series of apartments at The Plaza Hotel. The last record residential sale in Manhattan was the 2006 purchase of a townhouse for $53 million on East 75th Street by J. Christopher Flowers, a private-equity investor.

The SA CommercialProp News reported that a spokesman for Mr. Weill didn't return a call requesting comment on the sale, but understand that he is planning to donate the proceeds of 15 Park West to a charity.

 
Mar

MYSTERY SELLER ASKS $42.5 MILLION FOR COLUMBUS CIRCLE PENTHOUSE


Posted on: Wednesday Mar 28 2012

MYSTERY SELLER ASKS $42.5 MILLION FOR COLUMBUS CIRCLE PENTHOUSE

According to Streeteasy.com, a penthouse on the 77th floor of the Mandarin Oriental, has entered the market with a sizeable $42.5 million tag. This is a $7 million jump from its 2010 asking price, according to their data.

The listing, with Sotheby's International Realty,via Elizabeth Sample and Brenda Powers, is one of just two units currently available in the much sought-after condominium and hotel at 80 Columbus Circle. The apartment spans 65 feet along Central Park with panoramic views from all rooms, the listing indicates. The other unit, on the 65th floor, is available for $6 million.

The four-bedroom five-and-a-half-bath penthouse has been periodically listed and de listed since 2010 when it was first offered as a rental. Back in August 2010 the tag was$50,000 per month. It then appeared on the sales market for $35.5 million. At that time it was listed with Paula Del Nunzio and Shirley Mueller of Brown Harris Stevens. During that period, the penthouse was offered as a possible combination with a lower unit on the 76th floor, for $73.5 million even though the two units did not have the same owner. Interestingly, the 76th floor unit was rented by rapper and music mogul Jay-Z in 2006. He leased it from telecom mogul Michael Hirtenstein for $40,000 per month.

The seller of the property has remained a mystery despite extensive media coverage. It is known that the owner, who purchased the penthouse in 2006 for just $17 million, is listed on public records as an LLC called Red Cherry Worldwide. The company is represented by attorney G. Warren Whitaker of Day Pitney, and apparently he or she did not immediately return a call for comment, according to “The Real Deal” writer, Katherine Clarke,

Powers and Sample of Sotheby's International Realty also apparently declined to comment, citing a confidentiality agreement, and Paula Del Nunzio did not immediately respond to a request for comment from Miss Clarke either.

In 2010, however, Del Nunzio discussed with The Real Deal the difference between the original asking price and its current market tag. She said “It has extremely tall ceilings… and that’s extraordinarily important. Some properties have tripled (in price) in the last few years and that’s just what happens.”

http://therealdeal.com/blog/2012/02/06/mandarin-oriental-penthouse-asks-42-5m/