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December 14, 2015 / Johanna Bassols / 0 Comments / Investment Opportunities

Rare St. Regis Bal Harbour Listing

A rare real estate listing has just come on the Miami market, and it can be all yours for just $28 million. The entire 26th floor in St. Regis’ north tower in Bal Harbour is available, and it can be sold as a single unit, or as three separate spaces for $12 million, $11 million, and $6 million. According to a recent article from The Real Deal, combined, the whole floor has 13 bedrooms, 13 bathrooms, five half-baths, and stunning views of the Intracoastal Waterway and the Atlantic Ocean. The three units include 2601N, 2602N and 2604N and offer a total of 14,420 square feet, not including an additional 4,323 sqare feet of terraces.
If the units are sold separately, the $12 million corner unit measures 3,884 square feet and comes finished in a contemporary style. The remaining two units are unfinished. Together, the units can work well for a family, giving them the option of being close while still having their own condos.
The floor had previously been purchased by Carlos Alberto De Oliveira Andrade, a doctor and president and principal shareholder of Grupo CAOA, which owns 140 auto dealerships in Brazil. According to public records, it was purchased in December 2011 for $20 million. Earlier this year, the entire 17th floor of the south tower at St. Regis was sold for $25 million. Measuring 13,000 square feet, that unit was sold unfinished.

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