Home News European Wax Center Mogul Asks $85M for Sunny Isles Condo

European Wax Center Mogul Asks $85M for Sunny Isles Condo

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Jenny and Joshua Koba, Acqualina Estate (Getty, Google Maps)

Hair today, gone tomorrow? The European Wax Center co-founder is about to strip his name from his contract for a three-story luxury condo in Sunny Isles Beach for just $85 million.

Joshua Coba and wife Jenni Coba list their 12,000-square-foot low-rise unit at: Estate at AcqualinaThey signed a deal in 2018 to purchase for an undisclosed amount. wall street journal report. Cobas is at least his second pre-sale of the project looking to reassign the contract to a new buyer.

If sold at that asking price, the deal would set a Miami-Dade County condo sales record. This would surpass his $60 million sales of his two units for Faena House, although the record was erroneously reported as sales of one combined unit.Billionaire hedge fund manager Ken Griffin later Sold both units at a loss.

Covas rented a condo early last year and decided to stay on Fisher Island, where his children attend school, so he wants to sell the property in the Acqualina unit, the Journal reported.

Unlike other expensive condos on the market, Sunny Isles units are located on the second floor of one of two towers at 17909 Collins Avenue. It has 7 bedrooms, 9.5 bathrooms, a private backyard and pool, and adjoining 3,100 square foot guest units and oceanfront cabanas. It also has its own private entrance. The $85 million price tag includes about $6 million the couple spent on furniture.

Larger than a mansion, this unit features bespoke finishes, including 3D Lalique crystal details in the main suite. It will be completed in June.

Another couple is also looking to reassign the contract for the Estates at Acqualina penthouse for $45 million. Allegedly because they didn’t want to kick their kids out of school in New York. Sales of condominiums, including pre-construction units, have slowed this year.

The first tower of the $1.8 billion Estate at Aquarena was nearly completed this summer.Buyers there include basketball superstars lebron jamesBut the project has been at the center of a lawsuit between developers Jules and Eddie Trump’s Trump Group and its general contractor Suffolk Construction. but Suffolk last month reopened the lawsuit To Trump Group affiliates demanding $15 million for allegedly unpaid work.

The Estate at Acqualina features a 45,000-square-foot amenity villa with an ice skating rink, bowling alley, and Avra ​​Miami Estiatorio restaurant, the latter opening this month. Both towers have lobbies designed by fashion his designer, the late Karl Lagerfeld.

— Katherine Kallergis

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