What defines a trophy property?  A trophy property, in this case, is real estate that is superlative for one reason or another, and not determined solely on price.  Other factors like location and provenance play a large part, if not larger, than the actual price.  

1. 1736 W. 28th Street, Miami Beach

 This home comes in first place for it’s provenance and location.  The estate is located on Sunset Island I.  This Maurice Fatio-designed home is sited on 1.63 acres of prime, unobstructed waterfront.  Neighbor:  Enrique Iglesias.

“La Tranquilla” was once owned by Mary Louise Maytag, daughter Maytag Corporation President, Elmer Henry Maytag.  The one-story neoclassic was recently refreshed by New York architect Annabelle Selldorf.  $29,900,750

2. Apogee Penthouse – 800 S. Pointe Drive #PH A, Miami Beach

Apogee Penthouse South Beach

The Apogee Penthouse rates for a few reasons.  One of them being is that it is a true Penthouse in every sense of the word. There are only but five condominiums that I would consider Penthouses in Miami Beach.  This residence consists of 6,900 interior square feet and 11,000 exterior square feet.  The unit comes with your own private pool (not a jacuzzi or quasi-pool) but a real, real pool; suffices it to say, this unit is a hands-down, incredible piece of real estate.   More about about Apogee South Beach here.  $18.5M

3. 40 Star Island Drive, Miami Beach

This Mediterranean manse is a on spectacular lot on exclusive Star Island.  We all know who the neighbors are by now, so I won’t go into that.  Villa Luna was built in 1925, and has been used as the backdrop by countless fashion photographers and filmmakers. Star Island encompasses a 20-acre park with 46 one-acre lots.

4. The Setai South Beach Penthouse – 101 20th Street PH B, Miami Beach

Setai South Beach

The Penthouse at the Setai originally came to market in June of 2006 for a whopping $34M.  Ok.  It has been on and off the market for the last few years. It was rumored that back in August of 2007 the unit was under contract for around $20M, but the deal fell through.

Penthouse Villa B encompasses the entire 40th floor of the world-renown luxury resort known as Setai South Beach.  The sky-home has 6,200 interior square feet with a magificient pool that overlooks the ocean and all of South Beach.

It is currently priced at $24M.

5. 4949 Pinetree Drive, Miami Beach

Former summer home of S.S. Kresge was designed by noted architect Carlos Schoeppel. This old-world estate enjoys over two acres of land and approximately 630 linear feet of waterfrontage on the Indian Creek Waterway. 

In the early 1920’s Pinetree Drive was a very prestigious street.  Prior to the construction of the oceanfront hotels and condominiums that now line Collins Avenue, Pinetree Drive had magnificent ocean views and breezes.

At one point the asking price on this luxury estate was more than $20M.  It is currently priced at $9.5M 

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