Associated group has sold two penthouses on Miami’s exclusive Fisher Island enclave for more than $150 million, a sign that eye-popping valuations driven by newcomers to the city are about to take off.
The properties, which are under construction on the island just south of Miami Beach and east of downtown, will not close until they are turned over to owners, but would represent two of the most expensive condos sold in the metropolitan area. A Related spokesperson declined to provide details on how much each penthouse cost or who purchased them.
