Faena Selling the Twelve Penthouses of the Faena Hotel, Where a Nightclub Used to Be

August 26, 2016

In the middle of the 20th Century, when the Faena Hotel was the Saxony Hotel, a penthouse floor was added that contained a rooftop nightclub, with an exterior non-stop elevator for access from the lobby. When Alan Faena redeveloped the hotel, the decision was made to turn that level, as well as the level below, into luxury residences, and to sell them as The Residences at Faena Hotel Miami Beach.

Fully furnished in sort of an Art Deco/Miami Modern flair, with lots of white and gold, penthouses begin at $2.5 million for a one-bedroom unit at just over 800 square feet, with the largest being over 3,300 square feet. Even though the hotel itself has been open for about six months, the Faena organization just recently started selling the thirteen units. The first went to “New Yorkers” for $5.5 million in June, which is probably why the sales site, which just went up a little over a week ago with these gorgeous interior photographs, only mentions twelve units.