Miami, Florida, USA — 3-Bed Penthouse With Ocean Views

3Bedrooms

3Bathrooms

116 m²Living area

45Nights / year

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About This Property

A penthouse on the 51st floor of Miami Worldcenter, with three bedrooms, an open-plan living space and panoramic views over the Atlantic and the Miami skyline. The height is the point: the ocean on one side, the city on the other, and glass across the whole of it.

The building holds over 70,000 sq ft of amenities — a resort-style pool with private cabanas, a hammam spa with sauna and steam rooms, yoga and fitness studios, and on-site fine dining — plus beach club access on Miami Beach with a shuttle. Downtown, the Design District and Wynwood are all close, and Miami International is a short drive.

Features & Amenities

Panoramic Ocean & Skyline Views
Resort Pool With Cabanas
Hammam Spa, Sauna & Steam
Fitness & Yoga Studios
On-Site Fine Dining
Beach Club Access With Shuttle
Short-Term Rentals Permitted

Location

Miami, Florida, USA

How Co-Ownership Works

You own 1/8 of the homeReal ownership of the home — not a timeshare, not points.
45 nights a yearStays are scheduled fairly between the co-owners across the whole year.
Costs are sharedYou pay 1/8th of the home's total running costs, shared between all owners.
Fully managedMaintenance, cleaning and scheduling are handled for you — just arrive and enjoy.
You set the resale priceThe share then goes on the open market.
Transfer to your loved onesPass your share on to your children or loved ones, so your family can enjoy the home for generations.

What a night here really costs

Owning a piece of this home, renting something similar, or buying a whole home like it: the cost per night you'd stay, side by side.

Prefilled with this home: $230k for a 1/8 share of a $1.8M home.

Nights a year you'd stay 45A similar holiday rental, per night$Your estimate, averaged over the weeks you'd go.Years you'd keep it 10 years

Assumptions

Running costs a year% of valueManagement, insurance, upkeep. Shared between the owners.Buying taxes and fees%Selling costs%Change in value a year%What the money could earn elsewhere% a year

Example figures: change them to your own. This home's real running costs are a button away below.

What each night really costs you over 10 years. Money paid in rent is gone. With a share you own a piece of the home, and when you sell, its value comes back to you.

Rent every year

$610

per night you stay

Real cost over 10 years: $274,500
Money tied up: None
Back when you sell: Nothing
Nights a year: 45

Co-own a 1/8 share

$359

per night you stay

Real cost over 10 years: $161,329
Money tied up: $248,400
Back when you sell: $218,500
Nights a year: about 45

Buy the whole home

$2,868

per night you stay

Real cost over 10 years: $1,290,631
Money tied up: $1,987,200
Back when you sell: $1,748,000
Nights a year: 45 of 365

At 45 nights a year, owning a share works out at $359 a night: $251 a night less than renting and $2,510 less than owning the whole home for the same stays.

Per night = what you pay in (price, taxes, running costs, and what the money could have earned) minus what you get back when you sell, divided by the nights you stay. It assumes the home is worth the same when you sell; a share can appreciate in value, so change that under Assumptions if you like.

What each night really costs you over 10 years. Money paid in rent is gone. With a share you own a piece of the home, and when you sell, its value comes back to you.

Want the real numbers for this home?

We'll send its yearly running costs with the full photos and floor plans.