The Real Deal Miami

Coke side of life: Soda exec buys Barclays chief’s SoBe pad

Ecuadoran bottler pays $8.6M for five-bedroom oceanfront condo

June 12, 2013 06:00PM
By Emily Schmall

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Inside Continuum South Beach, Unit 3202

Inside Continuum South Beach, Unit 3202

Barclays corporate banking chief John Winter sold a five-bedroom apartment in South Beach for $8.6 million to Juan Carlos Correa, the top executive of a Coca-Cola bottling company in Ecuador, the seller’s broker, Mark Zilbert, told The Real Deal.

The 5,329-square-foot oceanfront unit sprawls across half of the 32nd floor of the South Beach Continuum complex’s north tower. The unit went on the market in September, listing at $9.995 million. Zilbert, the principal of Zilbert International Realty, described it as “a basic build-out” and said that in order to command South Florida’s princeliest sums, a unit “needs extra gloss.”

“We kind of used the market to figure out the price, and because a five-bedroom apartment on South Beach is such a scarcity, we thought we could attach a premium, but at the end of the day, the price is really good,” Zilbert told TRD.

Winter and his wife, Amelia, purchased the apartment in March 2008 for $6.75 million over two separate deeds, according to Miami-Dade County property records. The two units were merged during the building’s construction, Zilbert said.

Correction: This article has been updated to correct the purchase price, which was $6.75 million and not $13.5 million as previously reported.

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