Penthouse at St. Regis Bal Harbour Sells for $22.75 Million

By LEON BELL On October 5, 2015

Recently, the south tower penthouse, unit 2501, sold for a whopping $22.75 million at St. Regis Bal Harbour. The previous owner was a Delaware corporation owned by Yuriy Kosyuk, a Ukrainian billionaire who made his money in poultry and food products. Strangely enough, the buyer also happens to be a company from Delaware.

 

What Makes the Unit and Building Special?
The unit is massive, measuring 14,129 square feet. It includes 11 bedrooms and 12.5 bathrooms. It’s also relatively new, since the tower only went up a couple of years ago. Originally, the space was going to be five separate units, but they combined those units into one large penthouse property instead, so it takes up the entire top floor of the building.
One of the best things about this penthouse is that it offers wonderful views of the ocean, the city, and more. It features more than 4,000 square feet of terrace space as well.
As wonderful as the unit is, the building itself is quite special as well. Some of the amenities at the building include a private swimming pool, housekeeping services, a concierge, dry cleaning and laundry, and more. It even offers a gym so residents can stay in shape. They also offer onsite dining. It’s a remarkable place to call home, and it is no wonder that the units in this building tend to sell rather quickly, and for more than many might imagine.
Of course, one of the other reasons to love the building is the location. It is literally right on the beach and offers nearly a thousand feet of beautiful beachfront. The St. Regis Bal Harbour is also close to places such as Miami, Fort Lauderdale, the airport, and a host of attractions.

 

Why Do People Love Penthouses?
What is it about penthouses that make people love them so much? They are on the top floor, so it means that the views will always be nice, naturally. It is also something of a symbol of being on top in life, not only in the apartment. Penthouses do not come cheaply, as you can see from the price this one sold for, so it serves to show one’s status. It is true luxury living, and that’s just what someone wants when they are in South Florida. Whether they are there on a vacation in their second home, or they are using the property as their primary home, penthouses are ideal.
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In addition, some people want and need to have more space. Many of the penthouse units also have more features and amenities, such as private elevators. These additional features help to make the idea of a penthouse even more attractive for those who can afford it, and they are even better in South Florida because of the great location.
Of course, you have to keep in mind that penthouses are rare. Towers generally only have one or a couple at most. This is something else that contributes to their greater cost.