WORLD PROPERTY CHANNEL ®

Veronica Cervera

International buyers of Miami penthouse condos have plunked down almost $13 million since April as the luxury sector hits a hot selling streak.

"Sales of these upscale condo penthouse residences are a sign of the increasing wealth in Miami and an understanding of what our city offers," Veronica Cervera, CEO of Cervera Real Estate, says in a news release.

"The diversity of the clientele also shows that each month Miami becomes more international," she says.  Total April and May penthouse sales were $12.7 million.

The condominium penthouses sold in the last two months by Cervera Real Estate included a two-story Epic Tower penthouse located at 200 Biscayne Boulevard Way, the Marquis Residences located at 1100 Biscayne Boulevard, 500 Brickell and the Plaza both located on Brickell Avenue.

Marquis Condo Tower, Miami

The Epic Tower, penthouse residence on the 54th and 55th floors, which sold for $4 million, features an over-sized whirlpool and a magnificent terrace with sweeping views of the city and bay plus staff quarters with a separate service entrance.

The Epic buyer, who is originally from Baltimore, has his primary residence in Paris, and is expanding his business into South America, thus his strong interest in Miami.

Other recent Miami penthouse buyers come from Greece and Switzerland and closer to home from Colombia and Venezuela, with a few well-known locals added to the mix.

Cervera Real Estate has been a metro Miami residential player for over 40 years. The firm has been involved in the marketing and sale of luxury condominium properties throughout Brickell, downtown Miami and South Beach and Bal Harbour.

The Cervera team has exclusively represented, sold and closed more than 63,300 units in 62 condominium projects, according to Cervera.

 

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