Skyline Dreams Shattered: How a Miami Luxury Penthouse Became Foreclosure Fodder
Foreclosure Judgment Issued on Andrea D’Alessio’s $2 Million Miami Penthouse
A foreclosure case involving Andrea D’Alessio Jr. and his Miami penthouse has advanced to a final judgment, according to court records filed in Miami-Dade Circuit Court. The filings show that D’Alessio defaulted on two significant loans tied to Unit PH5001 at 650 NE 32nd Street, located in the Paraiso Bay tower—a residence previously associated with luxury living and high-end amenities.
Loan Defaults and Financial Disputes
According to the lender, Perpetual Love Equities, LLC, D’Alessio defaulted on:
- A $1.6 million mortgage loan
- An additional loan of more than $210,000
The filings allege that the defaults were accompanied by unpaid property taxes, missed escrow obligations, delinquent homeowners association (HOA) dues, and accumulated late fees. Rising insurance and HOA costs reportedly led to increased escrow requirements, but despite repeated notices and opportunities to remedy the defaults, the lender states that no corrective payments were made.
Final Judgment and Foreclosure Order
In a final judgment issued by the court, foreclosure was authorized on the penthouse. The judgment totals over $1.94 million, which includes:
- Unpaid principal
- Accrued interest
- Late fees
- Delinquent taxes
- Outstanding HOA dues
Court documents indicate that interest will continue to accrue at 9.38% annually until the judgment is satisfied.
Scheduled Public Auction
If the outstanding debt is not paid, the penthouse is scheduled for a public auction on April 28, 2025, at 9:00 AM, to be conducted online at miamidade.realforeclose.com.
The lender has also retained the right to seek a deficiency judgment, meaning D’Alessio may be held personally responsible for any remaining balance if the property sells for less than the judgment amount.
Legal and Financial Context
The foreclosure occurs amid a series of unrelated legal disputes involving D’Alessio, including civil fraud allegations filed by former business partners, negligence claims in a workplace injury case, and intellectual property disputes over proprietary design work. While these matters are separate from the foreclosure action, court observers note that they contribute to a broader picture of ongoing legal pressure.
No court has issued a criminal judgment in relation to these additional matters, and D’Alessio maintains the presumption of innocence in all active cases.
Broader Implications
Foreclosure actions are not uncommon in the Miami real estate market, but the details outlined in this judgment highlight the volatility that can arise when high-value properties are leveraged with substantial financing. The case underscores the financial risks associated with maintaining luxury real estate portfolios during periods of litigation or economic instability.
As the auction date approaches, the final financial impact will depend on the sale price, outstanding obligations, and any further legal action pursued by the lender.