Ralph Winter Of W5 Group Acquires Penthouse At Grove Isle In Miami For $21.5M

The property involved in this transaction is a penthouse unit located at 4 Grove Isle Drive PH-L03 in Miami's Coconut Grove. This condo was sold for $21,500,000 and has a total square footage of 6,863. It features four bedrooms, 5.5 baths, and den space, along with a total of 5,126 square feet of terraces including a private roof pool. The unit is part of a luxury development consisting of seven stories and 65 units.

Summary of transaction details:

• Property Type: Condo
• Transaction Amount: $21,500,000
• Buyer: Ralph Winter - W5 Group
• Seller: Ugo Colombo - CMC Group
• Lender: J.P. Morgan Chase
• Price per Square Foot: $3,133

Ralph Winter, the head of W5 Group, acquired the penthouse and secured an $8 million mortgage from J.P. Morgan Chase Bank for this transaction. Ugo Colombo represented CMC Group as the seller in this deal.