David And Victoria Beckham Net $4.8M Profit on $25M Miami Penthouse Sale.
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David and Victoria Beckham have traded their Miami penthouse for a hefty capital gain.
The couple sold their full-floor residence in the One Thousand Museum building for $25 millon, a significant jump from the $19.8 million they paid for it in 2020, according to Robb Report.
Designed by the late Pritzker Prize-winning architect Zaha Hadid, One Thousand Museum is famous for its exoskeleton design and ultra-exclusive amenities, including a private rooftop helipad.
A Trophy Asset in a Sky-High Market
The 9,200-square-foot residence on the 59th floor commanded $2,677 per square foot. It has five bedrooms and 6 ½ bathrooms. Floor-to-ceiling glass walls offer panoramic views of Biscayne Bay. The penthouse is one of just 84 residences in the 62-story tower.
While the $4.8 million profit is impressive for a five-year holding period, the building has seen mixed results for other high-profile owners.
Grammy winner Marc Anthony took a loss on his unit last year, selling for $8.6 million after an $11 million entry, according to Robb Report. Citadel CEO Ken Griffin owns two units on the 58th floor, and Market America CEO Loren Ridinger has her unit listed for $24 million, Robb Report reported.
Real Estate Realignment
The sale does not signal a retreat from the Miami market. David Beckham’s role as co-owner of Inter Miami CF has solidified the family’s presence in the region. In 2024, the Beckhams paid $80 million for a waterfront estate on North Bay Road in Miami Beach.
The South Florida Outlook
The Beckhams’ exit comes at a pivotal time for Miami real estate. Sales of luxury condos priced over $1 million dropped 5% year-over-year in the fourth quarter, according to Analytics Miami. But properties exceeding $20 million finished the year at all-time highs, driven mainly by cash buyers.
“The rapid expansion of this segment underscores Miami’s rising stature on the global stage and reflects the spending power of the ongoing wealth and talent migration,” according to the Analytics Miami report.
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