UPDATE $2.8M Price Chop on Pharrell’s Brickell Penthouse

January 16th, 2013 Written By

I guess the answer to my question is no.  If you remember, in November we wrote about whether or not a price premium would be paid by a buyer just because a property was owned by a celebrity.  You can read that post here.  That was the day that PH4000 at The Bristol Tower on Brickell went on the market for $16,800,000.  Less than two months later the price has been chopped to $13,999,000.  That means that he will be selling at a loss after paying the Broker’s commission.  He paid $13,950,000 in March of 2007.  If it sells now for asking price, that would be $1,541/sq.ft which is definitely in line with recent Penthouse Sales in Miami.  Celebrity ownership notwithstanding, this PH is now a deal. Call me. I’ll get you in.

PH4000 is listed by Coldwell Banker.

To view all units on the market in the Bristol Tower click here.

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