Nadim Ashi’s Fort Partners sold an oceanfront penthouse at its Seaway at the Surf Club for $86 million, making it the most expensive condo ever sold in Miami-Dade County.
Records show the Fort Partners affiliate SCR Residences LLC sold unit PH-11 at 9149 Collins Avenue in Surfside to Surfclub 11 LLC, a Delaware entity. Public details about the unit are limited, but it spans 16,053 square feet. That means the sale works out to $5,358 per square foot.
It tops the previous condo price record in Miami-Dade, set last year at Fort’s adjacent condo, Four Seasons Residences at the Surf Club, when an entity tied to Apple sold an oceanfront penthouse for $44 million.
But winning the title could be a short-lived victory. Last year, a penthouse at the to-be-completed Auberge-branded Shore Club in Miami Beach reportedly went into contract for $120 million. The deal has not closed, but could as soon as next year if Witkoff Group and Monroe Capital finish the 49-unit oceanfront development by its projected 2026 completion date. If it sells at that price, it would set a Miami-Dade record for both condo sales and residential sales overall.
These sales are another symptom of the region’s wealth migration. As a wave of billionaire and multimillionaire buyers moved into the market, demand surged for homes at the extreme end of the luxury scale.
Ashi completed the 34-unit, 11-story, two-building Seaway last year. The design team included architect Joseph Dirand and landscape designer Peter Wirtz. Seaway residents have access to the amenities at the Surf Club next door, which includes four pools, a private club and Thomas Keller restaurant.
The Seaway complex has attracted a set of high-profile buyers since closings began last year. Jeff and Shari Aronson, the philanthropist founders of Coconut Grove-based Centerbridge Foundation, bought a unit for $12.3 million. David Foley, a senior managing director in Blackstone’s private equity group, bought a condo for $24.5 million. In January, financier Bippy Siegal and his wife, Jacqueline Siegal, bought a trio of units for $18.5 million. In December, an entity linked to health care mogul Frederick Howe bought two units for a combined $31.1 million.
