Timothy Headington, the billionaire behind Headington Oil, a successful film producer, and real estate mogul, has sold his coveted Miami Beach penthouse for $4 million. The sale marks the end of Headington’s nearly 16-year ownership of the exclusive property located in the heart of South Beach. The penthouse, with its breathtaking views of Biscayne Bay and Miami’s iconic skyline, has captivated many with its unmatched luxury and prime location.
A Visionary Owner and Refined Renovations
Headington first acquired the penthouse in 2009, purchasing it for $2.379 million just a year after it was built. Over the years, he transformed the space into a sophisticated haven with personalized touches. The renovations included a redesigned kitchen and custom lighting, as well as a collaboration with designer Sofia Joelsson to elevate the home’s interior style. Despite these improvements, Headington made sure to maintain the apartment’s timeless design, avoiding any extensive alterations that might detract from its inherent charm.
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The Penthouse: A Secluded Oasis with Breathtaking Views
Located on the sixth and top floor of a six-story building directly fronting Biscayne Bay, the penthouse offers an unmatched level of privacy and stunning views. The entire top floor is dedicated to this residence, ensuring no neighboring apartments and the utmost solitude. The elevator opens directly into the home, enhancing the sense of exclusivity from the moment you step inside.
At nearly 2,000 square feet, the penthouse provides expansive living spaces and an open floor plan that seamlessly blends the indoors with the outdoors. With its large windows and open design, natural light floods the space, framing the sweeping vistas of the bay and city skyline.
Unrivaled Outdoor Living
The penthouse boasts an impressive outdoor living space that is as luxurious as the interiors. In addition to three balconies on the main living level, the crown jewel of the property is a massive 3,185-square-foot rooftop terrace. This outdoor oasis is designed to entertain and relax in equal measure, with a hot tub, a summer kitchen, and bar seating that creates an ideal space for both intimate gatherings and large parties.
The private rooftop, combined with the three additional balconies, provides ample opportunity to enjoy the natural beauty of Miami Beach, making this property a true sanctuary.
A Strategic Decision to Sell
Headington’s decision to sell the penthouse was driven by his reduced time spent in Miami. While the property was originally listed in December 2023 for $6.5 million, the final sale price settled at $4 million, which reflects both the changing real estate market and Headington’s shifting personal circumstances.
Eloy Carmenate of the Corcoran Group, who handled the listing alongside Mick Duchon, described the penthouse as “timeless,” highlighting its uniqueness and the rare opportunity it presents. “The entire floor is yours—there are no neighbors,” Carmenate remarked, underscoring the exceptional privacy the property offers its new owner.
Closing a Chapter in Miami Beach
The sale of this luxurious Miami Beach penthouse represents a significant shift for Headington, who continues to focus on his various business ventures. For nearly 16 years, this exclusive residence served as a retreat for the billionaire, but with his evolving lifestyle, it was time to pass on the torch to a new owner.
Though Headington has moved on from the property, the penthouse remains a testament to his impeccable taste and vision. As one of the most sought-after properties in South Florida, it’s clear that luxury real estate in Miami Beach remains as appealing as ever.