Nadeem Ashi’s Fort Partners has sold an oceanfront penthouse on its waterfront property at Surf Club for $86 million, making it the most expensive condo ever sold in Miami-Dade County.
Records show Fort Partners-affiliated SCR Residences LLC sold Unit PH 11 at 9149 Collins Ave. in Surfside to Surf Club 11 LLC, a Delaware entity. Public details about the unit are limited, but it covers 16,053 square feet. That means the sale works out to 5,358 per square foot.
It tops the previous condo price record in Miami-Dade, which was set last year at Four Seasons Residences, an adjacent condo at the Fort in the Surf Club, when an entity affiliated with Apple sold the oceanfront penthouse for $44 million.
But winning the title could be a short-lived victory. Last year, a penthouse at the Auberge-branded Beach Club in Miami Beach reportedly went under contract for $120 million. The deal hasn’t closed, but could as soon as next year if Witkoff Group and Monroe Capital complete the 49-unit oceanfront development by its expected 2026 completion date. If it sells for that price, it will set a Miami-Dade record for both overall condo sales and residential sales.
The sale is another sign of the region’s wealth migration. As a wave of billionaire and multi-millionaire buyers moved into the market, demand for homes at the extreme end of the luxury scale increased.
Ashi completed the 34-unit, 11-story, two-building waterfront complex last year. The design team included architect Joseph Durand and landscape designer Peter Wertz. Seaway residents have access to amenities at the Surf Club next door, which includes four pools, a private club and Thomas Keller restaurant.
The Seaway complex has attracted a collection of high-profile buyers since the closures began last year. Jeff and Shari Aronson, the philanthropic founders of the Coconut Grove-based Center Bridge Foundation, bought one unit for $12.3 million. David Foley, senior managing director at Blackstone’s private equity group, bought a condo for $24.5 million. In January, financier Bippy Segal and his wife, Jacqueline Segal, bought a trio of units for $18.5 million. In December, an entity linked to healthcare mogul Frederick Ho bought the two units for a combined $31.1 million.
