On South Beach, where property values are among the highest in Miami-Dade County, even a garage apartment can cost a fortune.
Skyhouse 11 11, the seven-bedroom penthouse atop the iconic parking garage at 1111 Lincoln Road, has been listed for sale. Asking price: $34 million.
The home was designed by the Swiss architectural firm Herzog & de Meuron, which also designed the garage. The penthouse features 7,700 square feet of interior living space and 18,000 square feet of outdoor space and is reachable via a private elevator.
The property was listed by Robert S. Wennett, who has lived in the penthouse since 2011. The luxury real estate firm The Jills is representing the seller.
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Wennett bought the 1111 Lincoln Road property in 2005 for $23,500,000 and developed it into a nine-story mixed-use property containing 94,488 square feet of office space, 51,839 square feet of retail and a 263-space parking garage. The structure gained national attention when it opened in 2010 and started hosting special events such as wedding receptions and yoga classes.
The $34 million asking price for the penthouse falls in line with the rest of pricey Lincoln Road, where the rate for rental retail space in June 2017 was $300 per square foot, according to Cushman & Wakefield.