Ivanka Trump and Jared Kushner's Miami rental residence at Arte Surfside has sold for $17 million.
Photo via @artesurfside
Residence 201, a six-bedroom home spanning 6,975 square feet of interior space and 1,488 of terrace space designed by master Italian architect Antonio Citterio, sold unfurnished to residents, whom were drawn to its water views and large living spaces featuring two kitchens, a dedicated oceanfront entertaining level, and a master suite overlooking the ocean.
Photo via @artesurfside
The sale of this residence marks the sellout of Arte Surfside, which reached nearly $225 million in total volume.
Photo via @artesurfside
Arte was successful in attracting the most discerning luxury buyers in the world, with many hailing from the U.S. Northeast, and was recognized globally for setting impressive new sales records, including executing on a cryptocurrency penthouse transaction. At around $3,000 per square foot, Arte achieved the highest blended price per foot in addition to the highest average cost per unit that has closed to date in any new development recorded in Miami Dade County and arguably Florida. Furthermore, with almost $225 million in total sales, Arte holds the highest gross sale price for a new boutique development in Miami.
Photo via @artesurfside
“Arte represents a new tier of ultra-luxury in Miami Beach,” said Alex Sapir, Chairman of Sapir Corp LTD, an Israel-and New York-based subsidiary, who, developed the project. “This development has redefined all expectations for oceanfront living and showed the market that unprecedented prices a square foot are possible. We have set a new standard with Arte, and I’m proud to have led such a tremendous project.”
Photo via @artesurfside