Pagani launches its first luxury residential project in Miami (2024)

FAQs

How much does the Pagani residences cost? ›

With prices starting at $2.4 million, Pagani Residences invite you to experience the pinnacle of luxury living in Miami. Pagani is anticipated to be completed in 2027.

Horacio Pagani (born 10 November 1955) is an Argentine-Italian businessman and engineer in the automotive industry. He is the founder of Pagani Automobili S.p.A., an Italian specialty automaker. Prior to founding his own company, Pagani worked for Renault and Lamborghini.

Horacio Pagani, brilliant and strong-willed man, was born on 10 November 1955 in Casilda, Argentina. His father was a baker, descended from Italy. He took an interest in engineering while still living in his own country.

At 18, Horacio began attending the local university, but a mix of political unrest and the methodical pace of study frustrated the young, passionate dreamer. By 1977, he had opened his own shop; by 1978 he was building caravans and camper shells. It was then he began working on the F2, a single-seat race car.

In the case of Putnam Leasing, which sits half a mile down the road from Miller Motorcars of Greenwich, Connecticut—one of very few U.S. Pagani dealers—a “lease” will get you into a Huayra roadster for $700,000 down and $25,339 per month for 60 months.

Despite his $176.7 billion net worth, Mark Zuckerberg, the billionaire founder of Facebook, is known for owning relatively inexpensive cars, with the exception of a Pagani Huayra supercar.

Well, firstly, Pagani cars are handmade in Italy. Every single car is made by a team of highly skilled craftsmen, which takes a lot of time and effort. Secondly, Pagani only uses the highest quality materials in their cars. For example, the company uses carbon fibre for the chassis and body panels of their cars.

The selling point of a Pagani is the attention to details with perfection finish and sky-is-the-limit customisation. Pagani's cars are not necessarily as fast as other cars at that price point; however, the beauty, the lines and the perfection of any Pagani is top of their game.

Lamborghini belongs to Audi and Ferrari is now a listed entity, but Pagani remains under the control of its founder, Horacio.

Why did Lamborghini reject Pagani? ›

Despite his conviction, Pagani faced significant resistance from his peers and superiors at Lamborghini. They were reluctant to deviate from traditional materials, partly because Ferrari, their arch-rival, had not yet embraced carbon fiber.

Revenue for Pagani is projected to reach US$94k in 2024. Revenue is expected to show an annual growth rate (CAGR 2024-2028) of -0.14%, resulting in a projected market volume of US$93k by 2028.

Due to limited production numbers for each of Pagani's models, owning a Zonda or Huayra signifies that you are a knowledgeable supercar enthusiast who appreciates rare and innovative technology, extreme performance, and the uniqueness of Horacio Pagani's vision. The company is worth over $400 million.

The Huayra BC is a track focused version of the Huayra which was unveiled at the 2016 Geneva Motor Show. The Huayra BC is named after the late Benny Caiola, a friend of Horacio Pagani, and the first Pagani customer.

And if you're only asking now, you're already too late. The price of the 2023 Pagani Utopia is a frankly obscene $2.5 million. But, each of the 99 units of the Utopia's production run is spoken for already, and those who collect such mechanical artworks are unlikely to sell anytime soon.

The current price of a Pagani Utopia starts at a cool $2.5 million. Cast your memory back to 2011, and the Pagani Huayra was initially priced at $1.4 million for the base model. Fast forward to today, and a Huayra in the resale market might snag anywhere between $2 million to $4 million.

Three thousand miles west, at the opening of the Newport Beach Pagani dealership last month in California, company founder Horacio Pagani himself told me the average age of his customers is “more toward 30 or 35 years old—even in the 20s, in some cases.”

Fans of the Pagani Huayra Roadster who can't quite stretch to the hypercar's $2.4 million asking price can now get a taste of the car's stunning power and performance by renting it out for a relatively modest $25,000 per month.