Timothy Headington—the Dallas-based billionaire oilman, luxury hotelier, and Oscar-winning film producer—has officially parted ways with his longtime Miami Beach penthouse, closing a $4 million deal earlier this week. Listing agent Eloy Carmenate of The Corcoran Group, along with colleague Mick Duchon, represented Headington in the sale. Zachary Aker of ONE Sotheby’s International Realty represented the buyer, whose identity has not been disclosed.
Tucked atop the boutique Capri South Beach building, Penthouse 1 offers cinematic views worthy of its former owner: 360 degrees of Biscayne Bay, the glittering Miami skyline, and golden Florida sunsets. Headington, who has credits on The Young Victoria, Everything Everywhere All at Once, and In the Land of Blood and Honey, originally snapped up the 1,974-square-foot residence in 2009 for just under $2.4 million, property records show.
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Floor-to-ceiling windows frame 360-degree views of Biscayne Bay and the Miami skyline.
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Since then, he’s quietly elevated the space with the help of Miami designer Sofia Joelsson, whose vision for the home channels coastal minimalism with a refined edge. Think vein-cut travertine floors, a sleek Ornare kitchen outfitted with Wolf and Sub-Zero appliances, and a bright, open-concept plan that invites the outdoors in.
Of course, the true showstopper lies upstairs: a 3,185-square-foot private rooftop terrace, complete with a summer kitchen, Jacuzzi, and expansive lounge areas made for sun-drenched afternoons or soirées under the stars. The sale also included a private slip—big enough for a 60-foot boat—making this a dream setup for anyone who prefers arriving home by water.
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The rooftop features a summer kitchen, Jacuzzi, and lounge areas.
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Headington had originally listed the penthouse in December 2023 for $6.5 million but ultimately accepted the $4 million offer, reportedly because he’s spending less time in Miami these days. The property’s appeal is timeless, though: a quiet waterfront address just minutes from Lincoln Road, the Design District, and the sand and surf that make South Beach iconic.
Turns out, Headington isn’t the only ultra-wealthy seller eyeing an exit from South Beach. Back in March, fintech mogul Bill Roy, founder and CEO of mortgage tech firm BlockGen, listed his turnkey condo at the Continuum for $25.9 million. Roy, who paid $12.1 million for the combined two-unit residence in 2021, fully renovated the 28th-floor spread, which spans nearly 4,800 square feet and comes furnished by B&B Italia and Minotti. With sweeping ocean-to-skyline views, a chef’s kitchen clad in Viola marble, and a rotunda balcony made for sunset cocktails, Roy’s listing adds another marquee name—and a serious asking price—to Miami Beach’s ultra-luxury market.
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Source: Luxury - robbreport.com
