A luxurious penthouse in Sunny Isles Beach has set a new benchmark in South Florida’s real estate market, fetching just under $19.9 million. This significant transaction highlights the continued strength and high value of prime residential properties in the region.
Key Takeaways
- A 9,200-square-foot duplex condo at 19575 Collins Avenue in Sunny Isles Beach sold for approximately $19.9 million.
- The seller was a company managed by investor Nicolas A. Weinstein, and the buyer was an LLC managed by business attorney Karl-Heinz Lachnit.
- The oceanfront property features four bedrooms, five and a half baths, a private terrace, and a pool.
- Other notable deals include a commercial transaction in Miami and residential sales in Miami Beach and Jupiter.
Record-Breaking Residential Sale
The most significant residential sale recorded in South Florida was the sale of a sprawling 9,200-square-foot duplex penthouse located at 19575 Collins Avenue in Sunny Isles Beach. The property traded for nearly $19.9 million, equating to approximately $2,200 per square foot. This oceanfront residence boasts four bedrooms and five and a half bathrooms, complemented by private terrace space and its own pool.
The seller, a company overseen by real estate investor Nicolas A. Weinstein, had the property on and off the market for several years, with its last listed price at $19.9 million. The buyer is an LLC managed by Karl-Heinz Lachnit, a business attorney. Daniel Hertzberg of Coldwell Banker Realty handled the listing, while Alexander Kronfeld of Miami Residence represented the buyer.
Other Notable Transactions
Beyond the headline-grabbing penthouse sale, several other high-value transactions were recorded in the tri-county region.
In Miami, the WoodSpring Suites Doral Miami Airport, a five-story hotel at 7500 Northwest 41st Street, was the priciest commercial deal, selling for $7.7 million. The building, constructed in 2020, spans over 62,300 square feet. The seller was an LLC managed by Gold Coast Premier Properties, and the buyer was an affiliate of Atlanta-based Noble Investment Group.
In Miami Beach, a trust linked to Lina L. Hu acquired a condo at 300 South Pointe Drive for $9.5 million. The seller was an LLC tied to Rejane S. Novaes. This 5,500-square-foot duplex unit, featuring three bedrooms and four and a half baths, was purchased by the seller in 2023 for $8.8 million and was initially listed for $10.8 million.
Additionally, Jason Porreco sold a waterfront single-family home at 3445 Harbor Road North in Jupiter to Timothy Cheung for $9.3 million. The 4,400-square-foot home, built in 2022, includes five bedrooms, four and a half baths, a summer kitchen, and a pool. The transaction price was about $2,100 per square foot.
Sources
- South Florida Top Real Estate Deals: Wednesday, Feb. 11, 2026, The Real Deal.