With the sale of the last remaining penthouse at Monad Terrace on Miami Beach, 80% of the residences at the luxurious residential property have been purchased, JDS Development Group announced, a real estate development, construction and acquisition firm.
The building’s master penthouse, PH-A, sold for $11.8 million. The property includes 59 lavish bayfront residences offering two to five bedrooms ranging from 1,453 to 5,350 square feet of interior space.
The property provides fantastic views of Biscayne Bay, Downtown Miami and South Beach. It is move-in ready with the interior and landscaping designed as part of a collaborative effort by Pritzker Prize-winning architect Ateliers Jean Nouvel and Miami-based Kobi Karp Architecture and Interior Design, Inc.
The last remaining residences at 1300 Monad Terrace in Miami Beach are priced from $3 million. According to Zillow, the average home value in Miami Beach is $384,688, which is a 5.5% increase over the last year.
