Real Estate

Side-by-Side Penthouses in Miami Beach List for Combined $45 Million


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Two penthouses in Miami Beach, Fla., are hitting the market for a total of $45 million.

The seller is Caryl Englander. Married to hedge-fund titan Israel Englander, Ms. Englander is a photographer and chairman of the board of the International Center of Photography in New York City, according to the center’s website. 

The units comprise the top floor of the Tresor condominium at the Fontainebleau Miami Beach resort, according to Linda Schechter, Ms. Englander’s sister and a real-estate agent at Compass who has the listing with colleague Gary Feinberg. The north unit will list for $20 million and the south unit for $25 million. While the penthouses are separate units, they are connected by a set of glass doors that divide one of the terraces, Ms. Schechter said. 

The Englanders purchased the south penthouse through a trust in 2008 for $12.5 million and the north penthouse roughly two years later for $9 million, according to public records. Both were transferred to Ms. Englander’s name in 2020, records show. 

The units each have five bedrooms, terraces and measure about 4,500 square feet apiece, according to Ms. Schechter. The south penthouse is priced higher because it underwent a multimillion-dollar renovation that was completed earlier this month, and has southeast exposure which allows for more direct sunlight in the winter, Ms. Schechter said. 

Ms. Englander said the south penthouse is like new, since no one has slept there since the renovation was completed.

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The penthouses are located in The Fontainebleau Miami Beach resort. Vistabee (3)

In 2017 Ms. Englander paid $60.083 million for a condo at 432 Park Avenue on Manhattan’s Billionaires’ Row. 

The Fontainebleau Miami Beach penthouses have access to resort amenities including room service, complimentary breakfast, and gym and pool access, according to Ms. Schechter.

The average sale price of a luxury condo in Miami Beach and the surrounding barrier islands was $6.24 million in the first quarter of 2022, up 7.6% from the same period last year, according to real-estate appraisal firm Miller Samuel.

Write to Libertina Brandt at [email protected]

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