Penthouse Sold for Record-Breaking $26 Million in Miami Beach

One of Miami Beach’s most desirable penthouses has sold for a record-breaking $26 million, the highest priced residential purchase in Miami-Dade county in the past 12 months.

The space is located at 321 Ocean Drive in the South of Fifth neighborhood, and it is the only full-floor, oceanfront penthouse in all of South Beach. The approximately 13,220-square-foot, two-story penthouse boasts five bedrooms, five full bathrooms and two half bathrooms, along with 360-degree ocean and city views throughout the space. The striking space has floor-to-ceiling windows that emphasize the breathtaking vista and provided unparalleled natural light, while a sleek living room, kitchen and dining room area offer an expansive and luxurious living space.

An approximately 5,223-square-foot private roof deck features an outdoor kitchen, fire pit and entertaining space with a dining table that can accommodate up to 40 people. A 36-foot infinity pool is the focal point of the outdoor space, where residents and guests can take in sweeping ocean views from 100 feet above the beach.

The property was owned by American-Russian financier Boris Jordan, who listed the space with Bill Hernandez and Bryan Sereny of Douglas Elliman. The property was sold earlier this month to an undisclosed buyer for $26 million, represented by Mick Duchon and Eloy Carmenate of Douglas Elliman. The sale of this penthouse is the highest priced residential condo real estate deal in Miami-Dade for the past 12 months and the highest priced condo sale in all of South Beach since 2014.

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