Acqualina Penthouse sells after a dramatic price reduction and two years on the market.

Monday, July 17, 2017

Sunny Isles Beach, Fl. The high end market, clearly hurt by perceived political uncertainty, is presenting real opportunities for investors ready to take advantage and seize the moment.
That is the case of the 4701 Penthouse at Acqualina Residences, finally sold after a huge price reduction, setting the market at a shaky $ 811 per sq.ft.
This massive penthouse, debuted on the market in 2015, offered originally for $ 7,870,000.00 (more than double of the original sale tag of $ 3.8M in 2006). The listing changed hands, just to suffer an even more substantial price reduction, ending up sold two years later for  $ 4,600,000.00 by Lana Bell with One Sotheby's according to the MLS.

The transaction ending is a clear example of how the market is presenting awesome opportunities in the high end segment, with large units selling at distress price.
"We have direct access to several opportunities like this one. Most of them are not even on the MLS" said Fernando Pettineroli, listing agent with Dezer Platinum Realty in Sunny Isles Beach.
If you are in the market for a Sunny Isles Beach high end unit in distress call us for a confidential interview at +1 786 505 4007 or contact us clicking here.

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