The $4.2 million sale of a fabulous Marquis penthouse is promising for a revitalized housing market.
Real estate agent Darin Feldman loves working at the top. He can take a penthouse listing with a lofty price tag and use his skills and knowledge of the South Florida market to make a little magic in an erstwhile tough market. His recent $4.2 million sale of a developer unit at the Marquis in a sparkling new tower overlooking Biscayne Bay at 1100 Biscayne Boulevard is a living testament to his ability. This represents a tolerable 25 percent drop from the $6 million asking price. What’s more, rather than being snatched up by an international investment group, the luxury condo was purchased by an end-user from the northeastern U.S. who plans to use it as a sunny second home.
For his money, the buyer enjoys an 8,000 square foot, air-conditioned sky palace on four levels (from the 61 st to the 64th floor) accessed by an internal elevator. The grand master suite occupies the whole third floor and there are three guest suites all featuring amazing city and water views. Twenty-foot high ceilings in the living area and a tower suite, dipping pool and Jacuzzi on the upper level, also make this residence special. The boutique 65-room Rock Resorts Hotel many floors below the penthouse, offers the amenities of an upscale resort.
“The architect designed this residence differently from the usual but did it well” says Feldman “The quality and finish is very high-end. This penthouse is total luxury and sets the standard for Downtown Miami.”
Feldman has been honing his appreciation of fine buildings for nearly a decade. as a real estate agent with Miami-based Majestic Properties. He specializes in selling luxury oceanfront and waterfront condominiums in the sought-after South of Fifth area of Miami Beach and the burgeoning Downtown Miami city core. He says that his record has exceeded that of any other agent selling Downtown Miami and a New York client and TV personality refers to him as “the go-to guy for real estate in Miami.”
Feldman is no stranger to New York real estate either. He just scored a major coup for a client looking to buy a building in mid-Manhattan. The five-floor newly-renovated building at 1043 Madison Avenue, near East 51 st Street consists of three rental apartments above two floors of space where the buyer plans to open an art gallery. Some hard bargaining (in cooperation with Sotheby’s New York) brought the initial asking price of $25 million down to closing price of $17 million.
Still based in Miami, Darin Feldman is expanding his area of coverage from Miami and New York to London and Hong Kong.
He explains the secret of his success: “As a real estate professional, I recognize the importance of creating enduring relationships with buyers who want the best-available properties to suit their needs.”