An entity based in Chicago paid a record $25 million for an Oceana Bal Harbour condo.
Records show a Delaware LLC named for unit 2101 at 10201 Collins Avenue in Bal Harbour bought the condo from 2018 West Churchill Trust, with lawyer David J. Ferry signing as trustee. The next day, the LLC transferred ownership to a pair of trusts, OBH1 and OBH2, and listed its mailing address as 27 North Wacker Drive, suite 437 in Chicago, property records show.
Both the buyer and seller of the off-market deal are hidden.
Oren Alexander of Official represented the seller, and Ruthie Assouline and Ethan Assouline of Douglas Elliman brought the buyer.
Unit 2101 last sold for $9 million in 2019, records show. The 7,400-square-foot condo has six bedrooms, eight bathrooms and two half-bathrooms, according to property records. Amenities in the 28-story oceanfront tower include spa facilities, two tennis courts, a library, pool and poolside restaurant, the project’s website shows.
The sale marks a new price record for Oceana Bal Harbour. The price equates to $3,360 per square foot. The sale closed within days of a penthouse in the tower selling for $22 million.
Oceana Bal Harbour has attracted a number of high-profile residents and pricey sales since the 240-unit tower was completed by Eduardo Costantini’s Buenos Aires-based Consultatio in 2016. Unit 501 sold for $7.1 million in April. Olshan Properties founder Morton Olshan bought a condo in the building from Anheuser-Busch CEO Michael Doukeris for $9.6 million in March of last year. Bal Harbour has been a hub for luxury condo sales in Miami-Dade County in recent months. The Related Group, Two Roads Development and Rockpoint launched sales of the planned 24-story, 61-unit Rivage at 10245 Collins Avenue in January. Pricing for units in the building range from $8 million to $65 million for the tower’s penthouse.