Former Ford CEO Jacques Nasser's Surfsid Condo Sold For $18.5M, Doubles In Value

A luxury oceanfront condo unit in Surfside sold for $18.5 million, doubling its value since 2020. The property, located at 9001 Collins Avenue Unit S-207, offers 3,948 square feet of living space and reflects the strong demand in Miami's luxury real estate market. With its high-end amenities, this condominium showcases the allure of luxury living in the area.

Summary of Transaction Details:

• Property Type: Condo
• Transaction Amount: $18,500,000
• Square Footage: 3,948
• Price Per Square Foot: $4,686
• Address: 9001 Collins Avenue Unit S-207, Surfside
• Market: Surfside

The deal involved Michael Petillo from New Vernon Equities as the buyer and Jacques Nasser, the former CEO of Ford and trust owner, as the seller. Assisting Petillo was Dustin Nero from Douglas Elliman, while Ximena Penuela from Fort Realty represented Nasser. These key individuals played vital roles in facilitating the successful transaction, ensuring the smooth transfer of ownership for this prestigious property.

It's worth noting that this sale highlights the strong appreciation of luxury real estate in Miami. The doubling of the property's value since 2020 signifies the robust demand for oceanfront condos with premium amenities in this sought-after market.