Jorge Pérez Of Related Group's Miami Beach Condo Under Contract For $11.9M

The condo located at 1 Collins Avenue Ph 706 in Miami Beach is currently under contract for a price of $11,900,000. This property spans 3,339 square feet with a price per square foot of $3,564. Jorge Pérez of the Related Group is the seller in this transaction, with Daniel Hertzberg and Jill Hertzberg from Coldwell Banker acting as the brokers.

Summary of transaction details:

• Property Type: Condo
• Transaction Amount: $11,900,000
• Address: 1 Collins Avenue Ph 706
• Market: Miami Beach
• Seller: Jorge Pérez - Related Group
• Brokers: Daniel Hertzberg & Jill Hertzberg - Coldwell Banker
• SF: 3,339
• PPSF: $3,564

Jorge Pérez, the Chairman and CEO of Related Group, initially purchased this penthouse at One Ocean in South Beach for $4.2 million back in 2016. The property is now set to be sold at $11.9 million, marking it as the priciest condo under contract in Miami-Dade County for the week. This sale is part of a larger trend, with a total of 12 contracts signed for luxury homes and condos priced above $4 million.