$65M penthouse hits market in Miami BeachJanuary 3, 2017
The Apogee penthouse in South Beach
In addition to attracting swarms of interesting people and elaborate art installations on a yearly basis, Art Basel 2016 has enticed a $65 million listing: a two-story penthouse at the Apogee in South Beach.
A glass staircase is one of its most distinguishing features, outside of the spectacular ocean, bay, and city views of course. Spanning 8,271 square feet, it has five bedrooms, eight bathrooms, and a whopping 13,149-square-foot terrace.
The residence is Miami’s most expensive listing along with 46 Star Island, a 18,356-square-foot Mediterranean with 250 feet of bay frontage. Pulling in anything over $60 million, the price Ken Griffin paid for his Faena Penthouse, would make it a record sale for the county.
“This Apogee penthouse is the most superb property ever listed on Miami Beach in the city’s premier residential tower in the coveted South of Fifth neighborhood,” said Douglas Elliman Florida’s Executive Vice President Carlo Gambino. “With uninterrupted ocean views and commanding vistas of the Downtown Miami skyline, it is the perfect place to entertain, relax and take-in dazzling sunrises and sunsets with the convenience of being just a short stroll to the best of Miami Beach’s iconic restaurants and boutiques.”
If you don’t factor in the extensive outdoor space, it breaks down to $7,859 per square foot.
The residence is owned by former lawyer William Duker, who has a rather interesting criminal history, according to the Wall Street Journal
Mr. Duker owns the software company Rational Enterprise. He was one of the founders of Amici LLC, a provider of document-discovery services, which was acquired by Xerox in 2006 for $174 million. A former lawyer, he pleaded guilty to four felony counts in 1997 and served part of a 33-month sentence for falsely inflating legal bills to the federal government.
Even more fascinating is the fact Duker spends “about two months” a year in the unit.
His reason for selling:
He said he is selling because he’s planning to travel around the world in his new 230-foot yacht, Sybaris.