MLB’s Giancarlo Stanton Buys Glitzy Miami Condo

Melo Group

Miami Marlins slugger Giancarlo Stanton is buying a glitzy penthouse in downtown Miami.

Three years after signing a record-breaking deal with the Marlins, the 27-year-old outfielder is in contract to purchase a five-bedroom unit at the under-construction condominium Aria on the Bay, according to Carlos and Martin Melo of the Miami-based Melo Group, the building’s developer.

The asking price of the unit was $6.6 million; they declined to specify what Mr. Stanton will pay for the unit. The unit is a triplex spanning the building’s top three stories, with views of Biscayne Bay, Miami Beach and the city skyline, according to Alicia Cervera Lamadrid of Cervera Real Estate, which is handling sales in the building. When completed, the roughly 4,800-square-foot unit will have about 3,000 square feet of outdoor space, including a rooftop terrace containing a private outdoor pool and a summer kitchen.

Ben Moss of Compass, who with colleague Jon Fincher represented Mr. Stanton, said they worked with the baseball player for about two years to find a Miami home. Mr. Stanton was focused on finding a unit with direct water views and a rooftop pool, Mr. Moss said, but felt that many of the homes that fit that criteria were overpriced; he wanted a home that would hold its value over the long term and hopefully appreciate. Moreover, Aria on the Bay is an easy commute to Marlins Park in Little Havana. Mr. Stanton said in a statement that he was sold by the property’s views and the developer’s “attention to detail.”

Located in downtown Miami, where prices are generally significantly lower than nearby Miami Beach across the bay, the 53-story glass tower has 648 units. Sales at the building started in 2014, the developers said, and the project is roughly 80% sold with completion slated for early 2018. Building amenities will include two swimming pools, a spa, gym, yoga room, a bar and entertainment lounge, a screening room, and a game room.

In 2014 the Marlins signed Mr. Stanton to a 13-year, $325 million contract, the largest in U.S. major sports history.

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