A condominium located at 9701 Collins Avenue, Bal Harbour has gone for a princely $22.75 million. It is over 14,000 square feet in area and the old owner was 9701 25th Floor Condo Inc., a corporation based in Delaware. The owner and only shareholder of which is Yuriy Kosyuk, a billionaire business executive from Ukraine who deals with poultry and food products. The penthouse was snapped up by 9701 Collins LLC – a limited liability company that is also based in Delaware.
The house has been described by Coldwell Banker Realtor Tim Elmes, who also doubles as the listing agent, as having an entire top floor with spectacular 360-degree views. When it was initially designed, the plan was to have five separate units. Although this particular sale almost hit the roof, it did not smash the records for condo sales in Miami.
According to Jeff Miller, an agent working with Zilbert International Realty, The Setai penthouse claims the top spot with the sum of $27 million in January 2013. Miller was in charge of that particular sale and it remains one of the highest for a condo in all of Miami. After that, two units have been rolled into one at The Edition Miami Beach and went under contract for an incredible $34 million. For the big numbers, Miami is it.