Dallas developer Joe Beard just closed on a new penthouse at 1 Hotel & Homes South Beach, about a month after selling his penthouse at the W South Beach.
Beard’s Westdale LLC paid $5.6 million for unit PH-1617, according to a spokesperson for the development. The developer, a joint venture between LeFrak and Starwood Capital Group, sold the three-bedroom, 2,781-square-foot unit. The condo also features a 255-square-foot terrace, a den and three-and-a-half bathrooms. Brazilian designer Debora Aguiar designed the fully furnished unit.
The buyer is managed by Beard, Westdale Real Estate Investment Management’s CEO. In January, Westdale W LLC sold penthouse 2 at the W South Beach for $8.7 million to plastics executive David Berges, former head of Hexcel.
In the 1 Hotel and Homes sale, Luis Gonell of Engel & Völkers Miami represented the buyer. Tracy Galya of Douglas Elliman represented the developer.
1 Hotel and Homes, at 102 24th Street, launched condo sales in 2013, and opened in 2015. The developer registered to sell its remaining units in New York a year later.