The penthouse in La Maré Bay Harbor’s Regency Collection, located at 9927 East Bay Harbor Drive, sold for $17 million. This waterfront condo boasts 8,000 square feet of luxury living space, complemented by a 4,000-square-foot rooftop terrace and a private pool, establishing a noteworthy benchmark for the Bay Harbor Islands market with a price per square foot of $2,125.

Summary of transaction details:

• Property Type: Condo
• Transaction Amount: $17,000,000
• Address: 9927 East Bay Harbor Drive
• Market: Bay Harbor Islands
• Square Footage: 8,000
• Price per Square Foot: $2,125

The sale was represented by the Assouline Team from Douglas Elliman, including Alice Troyanovsky, Ethan Assouline, Ruthie Assouline, and Eytan Namiech. This transaction surpasses the previous real estate record in the area of $12.5 million, highlighting a significant movement in the luxury property market.