Fancy condos in South Beach and its South of Fifth neighborhood are fetching jaw-dropping prices — $27 million for one this week, maybe $39 million for another soon.
" . . . Penthouse 2 in the decade-old Continuum South tower at 100 South Pointe Drive in the South of Fifth neighborhood is on the market for $39 million. That is a record listing price for a Miami-Dade condominium, according to Puig, who also snagged that listing. Amid the market sizzle, Puig bumped up the asking price late last summer from $35 million. The penthouse, which has 11,000 square feet of interior space, belongs to Manhattan real estate developer Ian Bruce Eichner, who built the Continuum project at the tip of South Beach and kept the trophy for himself. The Continuum penthouse, which has 6,000 square feet of deck and a rooftop heated pool, boasts sweeping 13 1/2-foot ceilings that give the feel of a single-family home. The floor-to-ceiling glass walls offer a 360-degree view of the Atlantic Ocean, Biscayne Bay, downtown Miami and Miami Beach from 40 stories up.“It looks down on Fisher Island, way down,” Puig said with a smile. The unit has a private interior elevator, of course, and stretches over two indoor levels and two largely exterior levels. One big plus: It has a gated entrance and sits on an expansive enclave of rolling lawns and gardens adjacent to a city park at the tip of the island. The unit comes with an additional 874-square-foot guest quarters that would delight most mortals. “The guest unit is intended for professional quarters: the maid, the nanny, the chef, the pilot,” Puig explained. Also included is a snazzy cabana on the beach. . . "
Read more here: http://www.miamiherald.com/2013/01/17/3187969/prices-for-miami-beach-luxury.html#emlnl=Business#storylink=cpy
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