Diamond on top! Penthouse with pool atop Tiffany’s Palm Beach building sells for a whopping $18 million — five months after developers put it on the market for $24 million
- Penthouse atop Tiffany’s in Palm Beach, Florida has sold for $18 million
- The 13,000-square-foot unfinished penthouse was listed for $24 million in 2022
- Home has a private rooftop terrace with a pool and outdoor bar and dining area
An unfinished penthouse atop the Tiffany’s building in Palm Beach, Florida, has sold for $18 million, just five months after it was originally listed for $24 million.
The five to six bedroom residence has a rooftop terrace with its own putting green, lounge area, outdoor bar and infinity pool.
Inside, the condo features a master bedroom suite, housekeeper, and three fireplaces. The penthouse also has an elevator.
However, the unknown new owners will have to don their construction hats, like real estate developer Todd Michael Glaser said he estimates the unit will cost $4 million to $5 million to complete.
An unfinished penthouse atop the Tiffany’s building in Palm Beach, Florida has sold for $18 million, just five months after it was originally listed for $24 million
The five to six bedroom residence has a rooftop terrace with a private putting green, lounge area, outdoor bar and infinity pool
Inside, the condo features a master bedroom suite, housekeeper, and three fireplaces. The penthouse also has an elevator
At 13,000 square feet—including 9,876 square feet of interior space—the impressive penthouse sits on the corner of Worth and Hibiscus Avenues.
According to the realtors, who originally put the property on the market in November, the penthouse is Tiffany & Co.’s only building. in the world with a house on top.
It is also the only residence in the building.
The sellers had originally listed the place for $24 million, but recently lowered the listing to $19.98 because they were determined to sell.
Glaser told the Wall Street Journal that construction on the interior was set to begin May 1 and they wanted the property sold before then.
The real estate developer bought the property in 2022 for $15.5 million.
“It’s a blank slate, like a loft, on one of the most exclusive streets in the world, with up to six bedrooms and a deck overlooking Worth Avenue,” realtor Jill Eber of Coldwell Banker Realty told me. Give me shelter in 2022.
“There’s nothing like it,” added Jill Hertzberg, also of Coldwell Banker Realty.
At 13,000 square feet – of which 9,876 square feet are interior space – stands at the corner of Worth and Hibiscus Avenues
“It’s a blank slate, like a loft, on one of the most exclusive streets in the world, with up to six bedrooms and a terrace overlooking Worth Avenue,” real estate agent Jill Eber said in 2022
The penthouse was originally developed by John C. Kean with Fortress Investment Group and Hyde Retail Partners.
That group bought the building in 2018 for $20 million.
The buyer’s name has not been released at this time.
According to the Wall Street Journal, Christian J. Angle of Christian Angle Real Estate represented the buyer.