A sprawling penthouse at the Oceana Bal Harbour in South Florida has approach onto the market for $40 million, offering a rare combination of luxury real estate and high-end Italian design. The 8,000-square-foot residence, located at 10201 Collins Avenue, isn’t just a collection of rooms; it’s a fully furnished, turnkey property boasting bespoke furnishings from Italian artisans. This South Florida penthouse caters to a buyer seeking immediate, sophisticated living without the lengthy process of interior design and procurement.
The property’s appeal extends beyond its square footage. It features 2,300 square feet of terracing that wraps around the building, providing panoramic views of the Atlantic Ocean and the Miami skyline. The Oceana Bal Harbour, developed by the Related Group and Access Industries, is known for its exclusive amenities and prime beachfront location. The building itself has consistently attracted high-profile residents and commands some of the highest prices per square foot in the area, according to the Miami Herald.
The penthouse’s interior was meticulously curated by Italian design firm, Artefacto. Every piece of furniture, from the living room sofas to the dining room chairs, is included in the $40 million price tag. This all-inclusive approach is a significant draw for international buyers and those who value convenience, according to listing agent, Michael Farbricant of Douglas Elliman. Artefacto, founded in 1973, is a well-respected name in luxury furniture, known for its contemporary designs and high-quality materials. The firm has showrooms across the United States and internationally.
A Look Inside the $40 Million Residence
The penthouse encompasses four bedrooms, five and a half bathrooms, a family room, and a state-of-the-art kitchen. The open-concept layout maximizes the ocean views from nearly every room. The master suite includes a private terrace, a walk-in closet, and a luxurious bathroom with a soaking tub and separate shower. The kitchen is equipped with top-of-the-line appliances and custom cabinetry. The entire residence is finished with high-end materials, including marble flooring, designer lighting fixtures, and custom millwork.
Image by @douglaselliman
Oceana Bal Harbour: Amenities and Location
Residents of Oceana Bal Harbour enjoy access to a wealth of amenities, including two oceanfront pools, a state-of-the-art fitness center, a spa, a private beach club, and 24-hour security. The building too offers concierge services and valet parking. The location is particularly desirable, situated in the exclusive Bal Harbour neighborhood, known for its upscale boutiques and fine dining restaurants. Bal Harbour Shops, a renowned open-air shopping center, is just a short distance away. The area’s proximity to South Beach and other Miami attractions adds to its appeal.
The building’s design, by Arquitectonica, is another key selling point. The twin towers feature a sleek, modern aesthetic that complements the surrounding landscape. The landscaping, designed by Enzo Enea, creates a lush, tropical environment. Arquitectonica is a globally recognized architecture firm with a portfolio of iconic buildings around the world. Enzo Enea is a leading landscape architect known for his innovative and sustainable designs.
The Luxury Market in South Florida
The demand for luxury real estate in South Florida remains strong, driven by factors such as favorable tax laws, a growing economy, and a desirable lifestyle. According to a report by Realtor.com, the luxury market in the region has seen significant growth in recent years, with prices continuing to rise. The influx of high-net-worth individuals from other states and countries has fueled this demand. The pandemic also contributed to the trend, as many people sought to relocate to warmer climates and more spacious living environments.
This $40 million penthouse represents the upper echelon of that market. The inclusion of fully furnished interiors, particularly from a renowned Italian brand like Artefacto, sets it apart from other luxury listings. It appeals to a specific buyer who values both exclusivity and convenience. The property is currently listed by Michael Farbricant of Douglas Elliman.
The next step in the sale process will be securing a buyer and finalizing the transaction. Market conditions will play a significant role in determining the final sale price and timeline. Interested parties can find more information about the property and schedule a viewing through Douglas Elliman’s website.
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