Surfside’s Seaway at the Surf Club Sells Two Units for $31.1M

December 6, 2024

An entity linked to healthcare mogul Frederick Howe has purchased two units at Seaway at the Surf Club, a newly completed oceanfront condominium in Surfside, Florida, for $31.1 million.

Record-Breaking Sales at Seaway at the Surf Club

According to property records, Surfclub 701 LLC, a Delaware-registered entity, acquired units 701 and 305 at 9149 Collins Avenue. The seller, Fort Partners, is led by developer Nadim Ashi. The buyer’s mailing address is linked to the San Diego headquarters of MedImpact Healthcare Systems, a company founded by Howe in 1989.

Pricing and Details of the Purchases

  • Unit 701: 8,400 square feet – Sold for $30.4 million
  • Unit 305: 311 square feet – Sold for $770,000

Developers note that smaller units, often guest suites, are in high demand at luxury South Florida condos. Buyers prefer them for added convenience and flexibility.

Inside Seaway at the Surf Club

Completed earlier this year by Fort Partners, Seaway at the Surf Club is an 11-story boutique condo building with 34 exclusive residences.

  • Architect: Joseph Dirand
  • Landscaping: Peter Wirtz
  • Location: Connected to the Four Seasons Hotel and Residences at the Surf Club

Seaway residents enjoy unmatched access to the Surf Club Four Seasons, one of South Florida’s premier luxury condo developments. The community offers:

  • A private club
  • A Michelin-starred restaurant by Thomas Keller
  • Four resort-style swimming pools

Other High-Profile Buyers at Seaway

Seaway has attracted several prominent buyers, further cementing its status as a luxury real estate hotspot:

  • Belinda Stronach, CEO of Stronach Group, purchased a $14.6 million unit.
  • Jeff Aronson, co-founder of Centerbridge Partners, and his wife bought a 3,900-square-foot unit for $12.3 million.
  • David Foley, Blackstone’s senior managing director, acquired a 7,000-square-foot residence for $24.5 million.

In April, an entity linked to Apple purchased a penthouse at the Surf Club Four Seasons for a record-breaking $44 million.

Fort Partners Expands Its Surfside Portfolio

Alongside Seaway at the Surf Club, Fort Partners is developing Surf House, a 17-unit luxury condominium at 8955 Collins Avenue. The firm purchased the oceanfront site for $60 million in April.

The Future of Luxury in Surfside

With Seaway at the Surf Club fully completed and Surf House under development, Fort Partners continues to shape Surfside’s luxury real estate market. The demand for high-end beachfront residences remains strong, attracting elite buyers and investors to this sought-after location.

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