Arte Surfside Sells Out For Nearly $225 Million

Arte Surfside, a multifamily property located at 8955 Collins Avenue in Surfside, has officially sold out at a sale price of nearly $225 million. Developed by Sapir Corp Ltd, Alex Sapir, and Giovanni Fasciano, this high-end development has achieved impressive records in the real estate market.

Summary of transation details

• Property Type: Multifamily
• Sale Price: $225,000,000
• Number of Units: 16
• Price Per Unit: $14,062,500
• Square Footage: 76,635
• Price Per Square Foot: $3,000
• Address: 8955 Collins Avenue, Surfside
• Market: Surfside

Arte Surfside has set multiple real estate records with its sale. With a price of around $3,000 per square foot, it has achieved the highest blended price per foot and the highest average cost per unit for any new development in Miami-Dade County and possibly in Florida as a whole. Additionally, with total sales amounting to almost $225 million, Arte holds the record for the highest gross sale price for a new boutique development in Miami. This accomplishment has gained global recognition for Arte Surfside and its developers.