Local Investor Purchases Condo Package Deal At Jean-Georges Miami Tropic Residences For $5.77M

The transaction involves the sale of two units at 3501 Northeast 1st Avenue Unit 4202/4203, located in the Design District/Midtown market area. The condo package deal was sold for $5,770,000, covering a total of 3,046 square feet, resulting in a price per square foot of $1,894.

Summary of transaction details:

• Property Type: Condo/Package Deal
• Transaction Amount: $5,770,000
• Address: 3501 Northeast 1st Avenue Unit 4202/4203
• Market: Design District/Midtown
• Seller: David Martin - Terra Group Miami, Michael Simkins - Lion Development Group
• Buyer’s Representative: Ty Forkner PA - One Sotheby’s International Realty
• Seller’s Representative: Ann Nortmann - Douglas Elliman
• Square Footage: 3,046
• Price per Square Foot: $1,894

The buyer, represented by Ty Forkner PA from One Sotheby’s International Realty, is a private local investor. The two units are part of the Jean-Georges Miami Tropic Residences, a luxury condominium project designed by Arquitectonica, featuring interiors by Yabu Pushelberg and culinary programming by chef Jean-Georges. The buyer intends to combine the two residences into a single unique living space, benefiting from the extensive amenities available at the development.