A MASTERPIECE FIT FOR A PICASSO, LITERALLY
Iconic Properties closes record-breaking deal
Miami, FL –The South of Fifth neighborhood is known as the luxury enclave of Miami Beach and is home to some of the most expensive real estate in Florida. One of its most prestigious and well-appointed condominiums, aptly named the Icon, has just closed a record deal.
Perched up high, on the 37th floor of the 41-story tower, a custom 3-bedroom, 2,145 square foot residence, with stunning views of Downtown Miami, Biscayne Bay and the Atlantic Ocean has caught the eye of a very prominent Frenchman. The highly captivating custom-built residence was designed by the celebrated homegrown architect Rene Gonzalez and uses an abundance of glass, geometric forms and high-end materials. The result is an artful, press-worthy design – featured in The Wall Street Journal and WallPaper magazine – and one that captured the heart of Olivier Widmaier-Ruiz Picasso, grandson of Pablo Picasso who considered this unique creation reminiscent of his ancestor’s cubism works.
“Because the property was so uniquely and meticulously designed, we knew it would be perfect for an art and design enthusiast” said Arshan Borhan, who along with his partner Brian Kulju co-own the brokerage Iconic Properties and represented both seller and buyer. “Early on we had interest from a famous European guitarist,” added Kulju.
Picasso, a well-known author, music and television producer and recipient of the Officier des Arts et des Lettres medal by the French government, purchased the property for $3,618,000. This marks a record high for a non-combined residence in the Icon and a per square foot record high for a non-penthouse unit for the Icon ($1,686 per square foot).
Iconic Properties is managing a few other significant deals as well. Borhan and Kulju represented a buyer on Palm Island that closed for the least expensive waterfront home since 2013, a testament to their expert negotiation skills. Iconic Properties is currently offering the best-priced deals at the St. Regis Bal Harbor, Turnberry Ocean and Icon South Beach.
About Iconic Properties
Iconic Properties, established in 2010, is a renowned boutique brokerage specializing in the sales and marketing of premier residential properties from Palm Beach to South Beach. Founders Brian Kulju and Arshan Borhan have handled millions of dollars of transactions and have represented Fortune 500 CEOs, developers, professional athletes, print and film stars and private equity clients. The duo has been featured in the Robb Report, Unique Homes, Haute Living and The Real Deal.