Timothy Headington Sells South Beach Penthouse For $4 Million With The Corcoran Group

The property asset involved in this transaction is a condo located at 1470 16th Street PH 1 in the Miami Beach market. The sale price was $4,000,000, and the unit spans 1,974 square feet, resulting in a price per square foot of $2,026. This sixth-floor penthouse features three bedrooms, a private rooftop terrace, and a dock for a 60-foot boat.

Summary of transaction details:

• Property Type: Condo
• Transaction Amount: $4,000,000
• Square Footage: 1,974
• Price Per Square Foot: $2,026
• Address: 1470 16th Street PH 1
• Market: Miami Beach
• Seller: Timothy Headington
• Buyer's Representative: Zachary Akers - One Sotheby's International Realty
• Seller's Representatives: Eloy Carmenate, Mick Duchon & Sofia Joelsson - The Corcoran Group

This transaction involved key individuals, including billionaire Timothy Headington, who was the seller of the penthouse. The buyer was represented by Zachary Akers from One Sotheby's International Realty, while the seller was represented by a team from The Corcoran Group, consisting of Eloy Carmenate, Mick Duchon, and Sofia Joelsson. The property had initially been listed at $6.5 million in December 2023.