After a 17-month contract period, the most expensive home ever sold in Miami has finally closed — for a whopping $60 million. That’s $10 million over the asking price.

The 12,516-square-foot penthouse in the 18-story Faena House condominium tower sits on Miami Beach’s widest stretch of white sand.

It was developed and built by Argentina’s Faena Group and contains 47 residences, but the penthouse is by far the most luxurious.

Source: www.businessinsider.com