Pharrell Williams’ Miami Home Lists for 35% Less
The Real Deal has reported that famed rapper and producer Pharrell Williams has reduced the price of his Miami Brickell condo for sale to $10.6M. This is down from the previous listing price of $16.8M in the last quarter of 2012. In January of 2013, the rapper marked down the value to $13M+, according to Yahoo! Homes.
The home was previously owned by developer Ugo Columbo, who resided in the property prior to Williams’ purchase. Miami Curbed reports that the entertainer paid $12.5M for the property in 2007. This new markdown is unlike other trending property value increases like the former home of Yankees’ Alex Rodriguez in Miami Beach, which earned $15M in profits.
The penthouse features three floors, a summer kitchen, seven garages, a rooftop terrace and excellent views of the bay. The interior has a white spiral staircase, a great room, and other enviable amenities that sit 40 stories high.
Property Name: Bristol Towers
Address: 2127 Brickell Avenue, Miami, FL, 33130
Year Built: 1993
Number of Floors: 40
Floor Plan: 5 BR/6.5 BA
Price: $10.6 Million
Listing Broker: Coldwell Banker