Fortune 500 CEO Lists Massive $20 Million Combined Bal Harbour Condo

A sprawling "estate in the sky" has hit the market in Bal Harbour, Florida, carrying a $20 million price tag. The residence, owned by a Fortune 500 CEO, is the result of merging two separate units within the prestigious St. Regis Bal Harbour Resort. By combining these properties, the owner created a massive living space that far exceeds the standard footprint of luxury condos in the area.

This massive residence offers a rare scale of privacy and square footage in one of Miami’s most exclusive neighborhoods. The renovation transformed the individual units into a seamless, palatial home designed to maximize views of the Atlantic Ocean. Its high asking price reflects both the significant investment in the custom floor plan and the red-hot demand for ultra-luxury South Florida real estate.

Real estate watchers will be looking to see if this property sets a new benchmark for per-square-foot pricing in the building. As more wealthy executives transition to Florida, oversized "double-unit" condos are becoming a significant trend for those who want the amenities of a five-star hotel with the space of a suburban mansion. The sale could serve as a bellwether for the continued strength of the luxury market in the Bal Harbour enclave.

This report is based on a story from realtor.com.