A luxury penthouse in Sunny Isles Beach, Florida, has fetched just under $20 million, marking one of the region’s priciest residential transactions in early 2026. The sought-after oceanfront duplex towers over the coastline and was acquired by a buyer linked to a prominent business attorney, while the seller is a well-known real estate investor.
Key Takeaways
- Oceanfront penthouse at 19575 Collins Avenue sold for nearly $20 million.
- Property spans 9,200 square feet with private amenities including a pool and terrace.
- The deal ranks among the highest per-square-foot prices in South Florida.
- The seller is an investor; the buyer is managed by a business attorney.
- Several other luxury residential and commercial transactions occurred in the same week.
Record-Setting Luxury Penthouse Deal
The standout sale took place at a high-rise on 19575 Collins Avenue in Sunny Isles Beach, where a spacious penthouse boasting 9,200 square feet closed for approximately $19.9 million. That price equates to around $2,200 per square foot, highlighting the strong appetite for ultra-luxury real estate in South Florida.
This multi-level condo features four bedrooms, five and a half bathrooms, a sprawling private terrace, and a pool exclusive to the residence. Having cycled on and off the market in recent years, the previous asking price was set at $19.9 million. The transaction involved top agents from Coldwell Banker Realty and Miami Residence, representing the seller and buyer, respectively.
Who’s Behind the Transaction
On the seller’s side was a company managed by real estate investor Nicolas A. Weinstein. The buyer was an LLC directed by acclaimed business attorney Karl-Heinz Lachnit, underlining the continued interest among legal and investment professionals in luxury coastal assets.
Recent Upscale Transactions in South Florida
The week also saw other notable deals in the tri-county area, underscoring the robust market for prime real estate:
- Miami Beach: A condo at 300 South Pointe Drive changed hands for $9.5 million, with a per-square-foot price exceeding $1,700. The unit, a spacious duplex, was sold by a trust linked to international interests.
- Jupiter: A waterfront single-family home at 3445 Harbor Road North was sold for $9.3 million. The modern property, built in 2022, features a summer kitchen, pool, and expansive views.
On the commercial side, a five-story hotel near Miami Airport was acquired for $7.7 million, demonstrating continued investor interest in both residential and hospitality assets.
Steady Demand for Trophy Properties
These high-profile transactions are indicative of the ongoing demand for trophy properties in South Florida. The area continues to attract high-net-worth buyers, both domestic and foreign, seeking exclusive amenities, modern design, and prime waterfront locations.
What This Means for South Florida’s Real Estate Market
The successful sale of the Sunny Isles Beach penthouse—after years on the market—signals both resilience and sustained momentum at the top end of the property market. With more luxury residential and commercial deals closing each week, South Florida is solidifying its reputation as a premier destination for luxury living and investment.
Sources
- South Florida Top Real Estate Deals: Wednesday, Feb. 11, 2026, The Real Deal.