Downtown Miami- Today I wanted to dedicate a post on the observations we did on this 4 story Penthouse located at The Marquis building in Park West. The Marquis Penthouse’s details and advertising has branded it as the “pinnacle of Penthouse living”. Some of the highlights include:
- 4 bedrooms and 7 bathrooms spread across 8000+ sqft living area
- 2000 sqft of terrace
- Private rooftop pool
- Waterfall in foyer
- Custom redesign and built by Interiors By Steven G
- Dramatic views of Downtown Miami, Miami Beach, and Biscayne Bay views
The listing is currently being held by Renee Thompson, an Engel & Voelkers agent that’s based in an office in Tampa. Although the unit had quite the buzz when it was first listed, not much else has been said lately and it has now been on the market for at least 6 months. After observing the vast work that was done in the interior of this unit and the quality of the craftsmanship I thought this unit deserved more exposure. I’m not a huge fan of the pictures that are posted online on the MLS because I think the quality could’ve been better but I did find a walk through video that I did enjoy and provides a great glimpse of the listing.
Currently priced at $18,500,000 or approximately $2300/sqft, it is a true display of luxury and upscale design. From my real estate point of view this listing would shatter sales records if it sells anywhere near its asking price, which has stayed the same since it was originally listed. With a price tag that reflects more closely to the prices found by the beach and due to the current saturation of inventory in certain sectors of our market, I believe that as a whole this listing reflects the surge of Park West as one of Downtown Miami’s premier neighborhoods for the near future once the completion of Miami World Center and 1000 Museum become reality.
For more information on the Marquis Penthouse please click here.
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