Edgewater penthouse with summer kitchen trades for $860K

Penthouse 3 at Onyx on the Bay in Edgewater

 Courtesy of Douglas Elliman

A 1,425-square-foot penthouse at Edgewater’s Onyx on the Bay is closing for $860,000 ($603 per square foot), making it the second highest sale in the building on a price-per-foot basis.

Penthouse 3 features two bedrooms, three bathrooms, and spectacular bay views from a 732-square-foot terrace that houses an outdoor kitchen and jacuzzi. It’s among the largest sales in Edgewater over the last few months.

"This penthouse is a very rare and unique property for its price point because a 732-square-foot terrace that is nearly 20 feet deep with a Jacuzzi and outdoor summer kitchen overlooking Biscayne Bay is incredibly hard to find," says Devin Kay of Douglas Elliman. "You have one of the most expansive views in Miami that will never be obstructed because of the buildings location directly on the water’s edge."

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Onyx on the Bay

665 NE 25th St, Miami, FL 33137

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Aston Martin Residences coming next to Epic Hotel in Downtown Miami

Rendering of Aston Martin Residences

 via G and G Business Developments

British luxury sports car manufacturer Aston Martin is getting in on the plump Miami condo scene, with news that the previously announced development coming to 300 Biscayne Boulevard Way will bare the Aston Martin brand, per the Miami Herald.

The British car maker — known for giving James Bond his wheels since Goldfinger — announced Wednesday that it will partner with wealthy Argentine developers on a 66-story condo tower called the Aston Martin Residences at the mouth of the Miami River in downtown Miami. The licensing deal marks the auto company’s first venture into real estate. A team from Aston Martin will design the building’s common areas and amenities, including lobbies, fitness centers and a spa.

"It’s not a brand-slapping exercise," said Katia Bassi, a vice president at Aston Martin. The company wants to make its mark "in all the [cities] where it’s important to be, and Miami is one of those," she said.

While it was previously reported to be 70 stories with 384 units, it has since been altered to 66 stories and 390 units.

The plot of land housing the future development is located next to the Epic Hotel and was purchased by Argentina’s Coto family for $125 million two years ago.

"We need to give buyers a unique experience," Coto said through a translator. "That’s why we thought about Aston Martin, because we’re talking about luxury, we’re talking about authenticity."

The initial plans for the development's amenities called for a lighthouse on the top floor.

• Miami’s getting another luxury condo [Miami Herald]
• 817-Foot Tower Proposed Next to Epic Hotel in Downtown Miami [Curbed]

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Aston Martin Residences

300 Biscayne Blvd Way, Miami, FL 33131, USA

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• Initial phase of Metropica approved in Sunrise

25 Photos of that spectacular Miami Beach mansion that listed for $25.5M

6466 North Bay Road

 Courtesy of Paul Stoppi

Rarely do the enchanting renderings of mansions asking $25.5 million get surpassed by the actual photos, but in the case of the Miami Beach spec home we posted about yesterday, this is undoubtedly the case.

More details, from yesterday:

The 12,000-square-foot waterfront contemporary was developed by Bart Reines and Brett Palos, in a collaboration with Argent Design. It has seven bedrooms, nine bathrooms, and 100 feet of water frontage, facing west along Biscayne Bay.

Additional features include a rooftop terrace, elevator, movie theater, three family rooms, and a summer kitchen.

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• Miami Beach spec home near Chris Bosh asks $25.5M [Curbed Miami]

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