Lubov Azria is a fashion designer who served as BCBG's chief creative officer until 2016. She then went on to launch the fashion line La Boheme.
Lubov and her late husband Max Azria — founder of BCBG Max Azria — bought their Fisher Island penthouse for $3.44 million in 2005.
Fisher Island, a private, man-made island off the coast of Miami, is home to the richest ZIP code in America. There, the median home value is $3,015,667.
Since the couple purchased the home, it has been on and off the market, according to realtor.com.
next slide will load in 15 secondsSkip AdSkip AdIts current $5.9 million price tag is much lower than its past listing prices.
According to realtor.com, in 2014, it hit the market with an asking price of $7 million; then in 2017, it was listed again for nearly $10 million.
The stunning penthouse boasts 5,790 square feet of interior space as well as two private terraces.
The home's neutral colors and beachy vibe compliment its stunning waterfront views.
"This unit offers unobstructed direct downtown skyline, Biscayne Bay, and Government Cut views and is priced to sell," Jill Eber of The Jills Zeder Group said in a press release.
next slide will load in 15 secondsSkip AdSkip AdResidents on Fisher Island also have access to a wide range of amenities including tennis courts, a polo field, a golf course, and spas.