A spacious oceanfront condo unit in Surfside recently traded for $19.75 million.
The Woodlands, Texas-based Emalu Projects Corp., a business entity registered to Jesus Del Palacio, sold Unit 403 in Fendi Château Residences, at 9349 Collins Ave., to Neal S. Litman P.A. Land Trust. According to Miami-Dade County Property Appraiser records, the unit is 5,720 square feet.
A certificate from the condo association listed Neal Litman as a trustee.
Litman, an attorney with an office at 7901 Ludlam Road, near Dadeland Mall, said he could not reveal who was behind the land trust that acquired the unit.
The sale closed June 20, though it wasn’t recorded by the Miami-Dade Property Appraiser until July 5.
Emalu previously acquired the condo unit for $11.9 million in October 2016 soon after the luxury condo was built.
The 12-story Fendi Château Residences was developed by Aventura-based Château Group and designed by Arquitectonica. Its 58 units are 3,400 to 7,000 square feet.
The building’s unit owners include Eugene Schneur, co-founder of New York-based affordable housing development company Omni New York, who acquired a residence for $13.2 million in May 2021.
Former NFL quarterback Tom Brady, who is building a mansion in nearby Indian Creek, reportedly leases a unit in the building.
Fendi Château Residences is less than a mile away from where the Champlain Towers South condominium collapsed in June 2021, killing 98 people. The 1.88-acre site where it once stood was sold for $120 million to Damac Properties, led by billionaire Hussain Sajwani, in July 2022.
Last month, Damac Properties revealed it would build two 12-story towers, designed by Zaha Hadid Architects and Hollywood-based O’Donnell Dannwolf & Partners Architects, on the site.
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