If you’ve ever been to Miami Beach’s Lincoln Road you’ve made note of that mysterious residence sitting atop the Herzog & de Meuron-designed garage at 1111 Lincoln Road.
It was recently sold last week for an eye-popping $283 million to German investment fund Bayerische Versorgungskammer (that name!) But did NOT include the apartment that sits on top.
The open-air structure is seven stories, and has 110,000 square feet of office space, 40,000 square feet of retail, 263 parking spaces, and that rooftop penthouse. The seller was developer Robert S. Wennett, who bought the land in 2005 for $23.5 million and built the garage and his apartment for $65 million. (Do the math, that’s a profit of $200 million in 6-7 years.)
Wennett will pocket even more cash as the penthouse was just listed for $34 million. The 7,700-square-foot penthouse has 18,000 square feet of outdoor space with 360 degree views of the ocean, bay and Miami Beach. It has seven bedrooms, 11 bathrooms, and a separate guest house.
It features landscape design by Raymond Jungles (that name!) and the terraces white Portuguese stones. On the rooftop is a private pool, a built-in bar, and a summer kitchen.
• 11-foot ceilings
• Sliding walls that double as doors
• White oak floors and ceilings
• European mahogany elevator
• Master dressing room with all white oak cabinetry (that’s a sexy closet!)
• Breakfast room and kitchen with Gaggenau appliances and statuary marble
• Skylights in every bathroom
• Starphire glass throughout
• Furniture included is 50s Brazilian and mid-century contemporary
All of that AND presumably if/when a hurricane ever hits Miami, you might have to re-landscpape and replace some of that fancy Starphire glass, but this place ain’t going anywhere, even in 200 MPH winds.
(Photos, The Jills; via Curbed Miami)