AQUAZUL MPH02: WHY IT IS THE BEST OCEANFRONT PENTHOUSE UNDER $3 MILLION

Craig Bujnowski | Engel & Völkers Fort Lauderdale
617-784-7504 | Instagram: @craigbuj

AQUAZUL MPH02: BUY AT ~$1,048/SF. INVEST $250K. CREATE YOUR OWN TROPHY PENTHOUSE.

1. THE ~$3M TROPHY PENTHOUSE TRADE — At $2.695M / 2,572 SF / ~$1,048/SF, a $250K remodel puts MPH02 at roughly $2.945M all-in.
2. LOWER CARRYING COSTS MATTER — The acquisition price is only part of the equation. HOA, taxes and total annual carrying costs can become dramatically higher with $5M–$20M+ branded penthouses.
3. LET THE $5M–$20M+ PROJECTS RESET THE MARKET — New luxury projects are establishing dramatically higher oceanfront penthouse benchmarks:
   Solemar UPH03 ~$1,579/SF • Salato PH ~$1,565–$2,296/SF • Selene PH ~$1,930+/SF • Waldorf Astoria Pompano PH ~$2,591/SF • St. Regis Bahia Mar PH ~$3,549/SF.
4. THE $/SF GAP IS THE STORY — MPH02: ~$1,048/SF. Compare that with trophy penthouses ranging from roughly $1,565/SF to $3,549/SF. Even after a major renovation, the basis can remain dramatically below newer luxury product.
5. ST. REGIS SHOWS WHERE THE CEILING IS HEADING — A St. Regis Bahia Mar penthouse asking approximately $20.5M / $3,549/SF demonstrates just how high the pricing ceiling is moving for next-generation Fort Lauderdale luxury.
6. BUY THE VIEW, NOT SOMEONE ELSE’S MARBLE — Kitchens, bathrooms and floors can be replaced. Penthouse elevation, direct Atlantic frontage and ocean + Intracoastal views cannot.
7. $250K MAKES IT YOUR PENTHOUSE — Instead of paying millions more for somebody else’s finishes, remodel MPH02 exactly how you want it: kitchen, baths, flooring, lighting, millwork and designer finishes.
8. LOWER BASIS = MORE OPTIONALITY — MPH02 gives you room to renovate and potentially remain below $3M, versus roughly $5M–$20M+ for newer trophy penthouses.
9. 2,572 SF + PRIVATE ELEVATOR + DIRECT OCEAN — You’re buying the physical attributes that are increasingly expensive to reproduce in new construction.
10. THE NEW-CONSTRUCTION DISCOUNT IS HUGE — At approximately $1,048/SF, MPH02 sits roughly 33% below Solemar/Salato penthouse pricing, 46% below Selene, 60% below Waldorf and 70% below St. Regis on a price-per-square-foot basis.