Caroline Wozniacki & David Lee's Luxe Miami Penthouse Hits Market at $42.5M

Tennis sensation Caroline Wozniacki and her spouse, former New York Knicks player David Lee, have unveiled their upscale Miami penthouse at Palazzo Del Sol on Fisher Island with a hefty $42.5 million price tag.

A Luxurious Transformation: From Raw Space to Opulent Haven

In June 2021, the power couple secured the condo unit for $18.7 million, embarking on a lavish transformation. The 7,000-square-foot penthouse, featuring five bedrooms and two terraces, underwent a budgetless renovation. Boasting high-end finishes such as white-oak floors and a bespoke bar overlooking Biscayne Bay, the unit became a masterpiece. A terrace with a fire pit and hot tub, coupled with a private pool and summer kitchen on the rooftop, elevates the allure of this prime property.

Mystery Surrounds the Sale as Wozniacki and Lee Stay Tight-Lipped

Despite the grandeur of their Miami abode, the couple remains elusive about the reasons behind listing their penthouse. Listing agent Dina Goldentayer, of Douglas Elliman, expressed uncertainty regarding their motives. Wozniacki, hailing from Denmark, boasts a tennis career marked by multiple number-one rankings and a Grand Slam victory in 2018. Lee, the former New York Knicks player from St. Louis, retired from professional basketball in 2017. Married in 2019, the couple now faces speculation as to what drives their decision to part ways with this luxurious residence.

Miami’s Exclusive Real Estate Buzz: Ultra High-End Market Flourishes

Goldentayer sheds light on Miami's thriving ultra high-end real estate market. In a city where the inventory is scarce at the top tier, the penthouse's asking price aligns with the trend on Fisher Island. Notably, a $90 million penthouse at the Residences at Six Fisher Island is already in contract, according to a developer. Goldentayer asserts that selling units in the $30 million to $50 million range is comparatively smoother, emphasizing the demand for properties that perfectly tick the boxes of space, stunning ocean views, and a prime downtown location.

Scarcity Drives Swift Action: A Frenzy in the Ultra High-End Market

The pulse of the market, as Goldentayer describes it, beats faster when a property combines the ideal elements. In the realm of the ultra high-end market, scarcity fuels a buying frenzy. Units priced between $30 million and $50 million become coveted treasures, swiftly snatched up by buyers eager to secure a residence that meets their stringent criteria. In Miami's competitive real estate landscape, the allure of a well-appointed penthouse, especially one belonging to a tennis legend and a former NBA star, can't be underestimated.