Continuum Condo For Sale in South Beach Fetches $25 Million

Second Condo For Sale Record in Miami: Previous Record Was The $21.5 million Sale For A Penthouse At The Setai South Beach

A triplex penthouse at the Continuum condo in South Beach has sold for $25 million to an Italian buyer, according to a report by the New York Times.

The deal, which closed May 18, eclipses the previous record for a Miami condominium for sale. Alex Birkenstock, whose family controls the Birkenstock shoe empire, was the seller. He just bought the condo for $9.9 million in 2009.

The previous sale record for a condominium in Miami was $21.5 million for the penthouse at the Setai South Beach. That home was sold by Netscape founder Jim Clark.

The penthouse at the Continuum, which is on the 40th to 42nd floors, has five bedrooms, seven and a half bathrooms and 6,000 square feet of outdoor space across six terraces, and includes a private pool and an internal elevator. The floor-to-ceiling windows reach as high as 26 feet in the living room.

The penthouse — which has views of the beach, the Atlantic Ocean and downtown Miami — was designed for maximum privacy.

The apartment has been used for movie and music video filming and rented out for about $20,000 a day.

The Continuum in South Beach are residential condo towers in Miami Beach. They are located directly in the southern extremity of the city, overlooking Government Cut. The South Tower, which opened in 2002, is 471 ft (143 m) tall and has 40 floors. The north tower, which opened in 2008, has 37 floors. The skyscrapers are located in the "SOFI" district (South of Fifth Street) neighborhood.

The South Tower was once deemed to be one of the most exclusive and luxurious developments in Miami Beach.

Miami Real Estate News provided by: Brosda and Bentley Miami Realtors (786) 406-1757