David and Victoria Beckham just cashed out of One Thousand Museum. The power couple sold their 59th-floor penthouse for nearly $25 million, pocketing a $5 million gain in six years. But this is more than a celebrity real estate headline. It reveals a split in the South Florida luxury market right now.
Beckham Brand Limited, the couple's London-based company, sold the full-floor unit at 1000 Biscayne Boulevard for $24.6 million. They bought it brand new in 2020 for $19.8 million. The off-market deal closed at about $2,677 per square foot inside one of Miami's most architecturally significant buildings, designed by the late Pritzker Prize-winning architect Zaha Hadid.
Key Takeaways
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The Beckhams sold their full-floor penthouse at One Thousand Museum for $24.6 million, a $4.8 million profit after six years of ownership.
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They upgraded to a $72.3 million waterfront mansion on North Bay Road in Miami Beach, reflecting a trend of ultra-wealthy buyers shifting from high-rises to compound-style estates.
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Luxury condo sales above $1 million slipped 5% in Q4 year-over-year, while the $20 million-plus market remains active across South Florida.
What is One Thousand Museum?
One Thousand Museum is a 62-story, 84-unit ultra-luxury tower completed in 2019. It stands 707 feet tall, making it one of Miami's tallest residential buildings.
The tower's defining feature is its curving concrete exoskeleton, made from 5,000 glass-fiber-reinforced concrete panels shipped from Dubai. PBS called it "one of the most complex skyscrapers ever to make it off the drawing board."
Zaha Hadid, the first woman to win the Pritzker Architecture Prize, designed the building before her sudden death in 2016. It is her only residential tower in the Western Hemisphere and one of her final completed works.
Amenities include Miami's only private residential helipad, a double-height aquatic center, sky lounge, spa with plunge pools, a bank-grade vault, and a Forbes Travel Guide five-star service rating. Only 83 residences share over 30,000 square feet of amenity space. The Beckhams' unit spanned 9,200 square feet with five bedrooms and 6.5 bathrooms.
Why did the Beckhams sell their penthouse in Miami?
The Beckhams are not leaving South Florida. They upgraded. In late 2024, they purchased a $72.3 million waterfront mansion on North Bay Road in Miami Beach, setting a record for that street. The property includes nine bedrooms, 14,000 square feet, and 124 feet of Biscayne Bay frontage.
This signals a broader trend among ultra-wealthy buyers: shifting from high-rise living to compound-style estates. That pattern is playing out across South Florida, from Miami Beach to Fort Lauderdale to Palm Beach.
David Beckham, co-owner of Inter Miami CF, is deeply rooted in Miami. The club is developing Miami Freedom Park, a major mixed-use soccer complex near Miami International Airport. The stadium is expected to open later this year.
What does this sale reveal about the South Florida luxury market?
The $20 million-plus market remains active across the region. Properties at this level continue to trade, often off-market. But below that threshold, the picture is different.
Luxury condo sales above $1 million slipped 5% in Q4 year-over-year, according to Analytics Miami. That softening extends well beyond downtown Miami into Boca Raton, Fort Lauderdale, and other coastal markets.
As Larry Mastropieri explained on the Discover South Florida Podcast, "I can think about some of the deals we've brokered. If you bought in 2019, you've doubled your money in some cases. But we've sold property or represented buyers in these new construction buildings that had the opposite experience. They bought new in 2020, 2021, and now there's enough inventory on the market that they're selling for what they paid for it at best."
Marc Anthony, Beckham's close friend and godfather to Cruz Beckham, sold his own One Thousand Museum unit last fall for $8.6 million, a loss compared to his $11 million purchase in 2022. That contrast highlights how even in the same building, timing and price point matter.
What other properties do the Beckhams own?
The One Thousand Museum penthouse was just one piece of the Beckhams' global real estate portfolio. Here is where they hold property now:
| Property | Location | Details |
|---|---|---|
| North Bay Road Mansion | Miami Beach, FL | Purchased late 2024 for $72.3 million. Nine bedrooms, 14,000 sq ft, 124 ft of Biscayne Bay frontage, infinity pool, rooftop deck. Set a record for North Bay Road. |
| Holland Park Townhouse | London, England | Primary residence, purchased 2013 for £31.5 million. Features pool, spa, home cinema, and a private "escape tunnel." |
| Cotswolds Country Estate | Cotswolds, England | Rural retreat with barn conversion, swimming pool, sauna, and private football pitch. |
| Burj Khalifa Apartment | Dubai, UAE | Reported apartment in the world's tallest building. |
The Beckhams previously owned a Beverly Hills mansion, which they sold in 2018 for $33 million. Their move from the One Thousand Museum penthouse to the North Bay Road estate reflects the broader trend of ultra-wealthy buyers shifting from high-rise condos to compound-style waterfront properties.
Frequently Asked Questions about the Beckham penthouse sale
How much did David Beckham sell his Miami penthouse for?
Beckham Brand Limited sold the 59th-floor penthouse at One Thousand Museum for $24.625 million. The Beckhams originally purchased the unit in 2020 for $19.8 million, resulting in a profit of approximately $4.8 million. The sale price equates to about $2,677 per square foot.
Who designed One Thousand Museum in Miami?
One Thousand Museum was designed by Zaha Hadid, the Iraqi-British architect who was the first woman to win the Pritzker Architecture Prize. She designed the building before her death in 2016. It is her only residential tower in the Western Hemisphere and features a distinctive curving concrete exoskeleton made from 5,000 glass-fiber-reinforced concrete panels.
Where did the Beckhams move after selling their penthouse?
The Beckhams upgraded to a $72.3 million waterfront mansion on North Bay Road in Miami Beach. The property includes nine bedrooms, 14,000 square feet of living space, and 124 feet of Biscayne Bay frontage. The purchase set a record for home sales on North Bay Road.
Is the luxury condo market softening in South Florida?
The market is split. Condo sales above $1 million slipped 5% in Q4 2025 year-over-year, with more inventory and longer days on market across South Florida coastal communities. However, the ultra-luxury market above $20 million remains active, with properties often trading off-market.
What amenities does One Thousand Museum offer?
One Thousand Museum features Miami's only private residential helipad, a double-height aquatic center, a sky lounge, a wellness spa with plunge pools and steam rooms, a bank-grade vault with individual safe-deposit boxes, a beach club with private transportation, and house car service. It is the only residential property in the world with a Forbes Travel Guide five-star service rating.
Local help for luxury buyers and sellers across South Florida
Whether you are buying, selling, or investing in the luxury market across South Florida, understanding how trends in Miami ripple through Fort Lauderdale, Boca Raton, and Palm Beach County matters. Working with someone who tracks these developments can help you make informed decisions. Reach out to The Mastropieri Group, Realtors®.
For practical, hands-on support across Boca Raton, Highland Beach, and Palm Beach County, call (561) 544-7000.
Posted by Larry Mastropieri
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