Source: South Florida Business Journal

The 10-story Beach House 8 contains sophisticated, luxury Miami beach-front condos designed by the Miami-based Arquitectonica.  They feature 5000 square feet of living area expansive terraces located in the heart of Miami, and the building includes a fitness center, pool and 24-hour concierge.

Ocean Grande Properties, a joint venture between Ugo Colombo of CMC Group and Valerio Morabito of Morabito Properties recently sold the fourth- and fifth-floor units to a single buyer, Beach House 500 LLC.

BH4 is the larger of the two units.  It has 1,049 square feet of exterior space and 3,783 square feet of interior space. BH5 has the same interior layout of BH4, but has a slightly smaller terrace. Both units have four bathrooms and four bedrooms.  That price tag for the units combined equates to about $1,735 per square foot.

The sale of BH4 and BH5 follows the $14 million deal by Mario Garnero for the penthouse. Garnero is chairman and principal shareholder of the financial firm, Brasilinvest Group.  The penthouse has more than 6,000 square feet of outdoor living space and includes a private pool.