Faena House
This is what $60 million buys you in Miami.
After a 17-month contract period, the most expensive home ever sold in Miami has finally closed - for a whopping $60 million. That's $10 million over the asking price of $50 million.
The 12,516-square-foot penthouse in the 18-story Faena House condominium tower sits on Miami Beach's widest stretch of white sand.
It was developed and built by Argentina's Faena Group and contains just 47 residences. But the penthouse is by far the most luxurious.
Faena House
The penthouse takes up multiple floors for a total of 12,516 square feet.
The glass-walled apartment has a five bedrooms, two custom kitchens, and exclusive access to a private elevator.
There's also a media room, great room, dressing room, and 70-foot infinity pool on the 9,900-square-foot, Brazilian-style terrace, known as an "Alero."
All Faena House residents have access to its hotel-style amenities and services. These include valet and private concierge service, an in-house spa and fitness center with direct ocean views, a private beach club with full cabana service, and two pools.
The buyer of the $60 million penthouse is unknown, but a representative told the Wall Street Journal last year that they appreciated the "privacy afforded by the fact that the building is relatively small ... and that the penthouse has a rooftop pool."
Faena House
Just imagine seeing this sunset while you're swimming in your gigantic infinity pool.
Julie Zeveloff and Liz O'Connor contributed to an earlier version of this report.