Florida’s Luxury Real Estate Market Continues to Soar: $26 Million Penthouse Sale in Sunny Isles Beach

The Florida real estate market, particularly in the luxury sector, shows no signs of slowing down. A recent high-profile transaction in Sunny Isles Beach underscores the continued allure of premium properties in the Sunshine State.

A stunning penthouse in the prestigious Estates at Acqualina has changed hands for an impressive $26 million. The 8,698-square-foot residence, located in the 777 Via Acqualina tower, was purchased by a trust affiliated with a Canadian food business. This sale, at nearly $3,000 per square foot, highlights the robust demand for ultra-luxury properties in South Florida.

The Estates at Acqualina, developed by the Trump Group (not affiliated with the former president), has become a magnet for high-net-worth individuals and celebrities. Notable buyers include NBA superstar LeBron James, WSVN co-owner James L. Ansin, European Wax Center co-founder Joshua Coba, and United Automotive Insurance Co. CEO Richard Parrillo.

What sets this development apart is its unparalleled array of amenities. Residents enjoy access to a bowling alley, an ice skating rink, a dance club, and even a Formula One racing simulator. For those seeking relaxation and wellness, the property boasts three beachfront pools, a state-of-the-art fitness center, and a luxurious spa complete with a salt room.

The building’s commitment to luxury extends to its services, with a concierge and an in-house Rolls-Royce at residents’ disposal. Such extravagant offerings reflect the evolving expectations of ultra-high-net-worth individuals in the real estate market.

This transaction is part of a broader trend in South Florida’s real estate landscape. The region continues to attract wealthy buyers from across the globe, drawn by Florida’s favorable tax laws, year-round sunshine, and increasingly sophisticated urban amenities.

As the market for luxury properties in Florida remains strong, it’s clear that developments like the Estates at Acqualina are setting new standards for opulence and exclusivity. With each high-profile sale, South Florida further cements its status as a premier destination for luxury real estate, attracting both domestic and international buyers seeking the pinnacle of coastal living.