$5.35 Million Penthouse Sale is Murano Grande’s Most Expensive Condo Sold Per Square Foot

MIAMI BEACH, FL (September 27, 2016) – A $5.35 million penthouse has just sold for a record $1,798.92 per square foot, marking the condo as the most expensive sold per square foot in Murano Grande this year*, and the second-highest in the history of the building. Alyssa Morgan Brinegar of Coldwell Banker Residential Real Estate’s Miami Beach office represented the seller and brought 400 Alton Road, Penthouse 3104 under contract after just 30 days.

“Proper pricing is everything,” said Brinegar. “This is an extremely desirable building and the record sales price reflects what a buyer is willing to pay to live in a South Beach penthouse that has been upgraded and finished to another level.”

The three-bedroom, three-bathroom condo boasts over 2,900 square-feet of living space with two balconies overlooking Miami Beach and the bay. The entire condo was reconfigured to show off the sunrise from the master suite and the sunset from the living areas.

Lacquer floating walls with a color cove LED lighting system surround the condo, while eight-foot slabs of white quartz flooring enhance the modern style of the penthouse. A Savant smart home system controls the color cove lighting, music, door locks, climate, shades and fingerprint access to the master suite.

Coldwell Banker Residential Real Estate is a leading full-service residential real estate brokerage company with more than 85 offices and 5,000 sales associates serving the communities of Central Florida, Flagler, Brevard, Palm Beach, Southeast Florida, Southwest Florida, Tampa Bay and the Panhandle. Worldwide, the Coldwell Banker network includes 3,000 offices with nearly 85,000 sales associates. Every day, Coldwell Banker Residential Real Estate properties are exposed to 16 million buyers on more than 725 high-traffic websites. For more information or to view local listings, visit ColdwellBankerHomes.com. To learn more about a career in real estate or affiliating with Coldwell Banker, visit CareersCB.com. Coldwell Banker Residential Real Estate is a subsidiary of NRT LLC, the nation’s largest residential real estate brokerage company.*Based on closed sales price information from MLS from 2003 to September 20, 2016 in all price ranges as reported on September 20, 2016. MLS data is deemed reliable but not guaranteed.

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