By E.B. Solomont
The ask
A Miami penthouse is going on the market for $85 million, more than twice what it last sold for in 2021.
The seller
Steve Hafner, co-founder of the travel-search company Kayak, paid $40 million for the Fisher Island penthouse. He and his wife, Staci Hafner, bought the unit as "raw" space and customized it, according to listing agent Michael Cantwell of Bespoke Real Estate.
Earlier this month, the Hafners bought a penthouse at Ocean House, a boutique oceanfront condominium in South Beach, for $24 million. They love Fisher Island and their apartment there, Hafner said, "but we also enjoy South Beach, the community and staff at Ocean House, and even the renovation process."
Inside the home
Size: About 10,200 square feet | Bedrooms: Five
A hot market
The hefty price tag is warranted by Miami's skyrocketing home prices, said Cantwell. On Fisher Island, the median sale price jumped 64.7% in the fourth quarter from the same period of 2023, while the number of sales rose 60% year over year, according to real-estate appraisal firm Miller Samuel.
The highest-priced condo sale on record in the Miami area was a 2015 double penthouse sale at Faena House for $60 million. At the Shore Club Private Collection in Miami Beach, an oceanfront penthouse went into contract for over $120 million last year.
Write to E.B. Solomont at eb.solomont@wsj.com
(END) Dow Jones Newswires
Michael Cantwell is the chief marketing officer of Bespoke Real Estate. "Kayak CEO Steve Hafner Wants $85 Million for His Massive Miami Penthouse" at 2:15 p.m. ET incorrectly said he is the listing agent.
(END) Dow Jones Newswires
March 20, 2025 16:38 ET (20:38 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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