HOUSE OF THE DAY: Miami’s Priciest Condo Sells For $34 Million

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Akin to Silicon Valley, The Miami real estate market has been on a tear lately, and a South Beach condo just broke a new record. The condo — actually a pair that sold to the same buyer — is in the Miami Beach Edition, and went for $34 million. At that price, it’s the most expensive condo ever sold in South Florida, And at $3,800 a square foot, it was nearly three times as expensive as typical luxury real estate in Miami. The building is not even complete yet; it’s slated to open in 2014. The Ian Schrager-designed residence and hotel will have 26 apartments and 250 hotel rooms.

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