Continuum

A unit at the Continuum condominium in Miami Beach’s South of Fifth neighborhood has sold for $3.1 million, according to data from New York-based real estate information firm StreetEasy. [more]

Continuum

A unit at the Continuum condominium tower in South Beach has sold for $5.1 million, according to Majestic Properties, which handled the transaction. Majestic agent David Carolan closed the deal, which represented an average price of just under $1,700 per square foot. The buyer was a Brazilian businessman from Sao Paulo, according to Majestic. The sale is one of the highest prices ever paid per square foot for a non-penthouse unit at Continuum, which saw a $25 million condo sale earlier this year. — Alexander Britell

Continuum

This year has seen some of the highest prices ever paid for Miami real estate — including the $25 million sale of a penthouse unit at Miami Beach’s Continuum condominium tower. But the sky-high prices are having something of a “trickle down” effect. The more the ultra-luxury properties sell for, the more the smaller properties nearby, or in the same buildings, bring in. [more]

Continuum South Beach

A 4,004-square-foot condominium unit has closed for the price of $6.58 million at Continuum South Beach, according to Zilbert International Realty, which brokered the deal. It is the largest non-penthouse condo of its size sold at the South of Fifth building this year. Continuum was the site of  a record-setting $25 million deal for a penthouse in May. [more]

Icon South Beach Penthouse 2

Icon South Beach’s Penthouse 2 is under contract for more than $20 million, The Real Deal has learned. If the sale goes through near that number, it would be the third-highest price ever paid for a Miami-area condominium. The four-bedroom, 6.5-bathroom Miami Beach property, which has its own rooftop deck and pool, had been listed for $19 million. [more]

Continuum South Beach

Cibo Wine Bar has signed a 12,000-square-foot restaurant/retail lease at South Beach’s Continuum condominium, according to Comras Company, which handled both sides of the transaction. The property is a newly-constructed freestanding building at the entrance to the Continuum, which has seen several large condominium sales of late, including one for a Miami-area-record $25 million. “This transaction was a perfect fit for all parties involved,” said Jonathan Carter, who worked with Michael Comras on the deal. “The landlord was desirous for a tenant that paralleled the high-quality offerings at the Continuum.” Continuum consists of two towers that include 24,000 square feet of commercial space. — Alexander Britell

Penthouse 3 at Continuum

Just a week after a reported $25 million sale of a unit at South Beach’s Continuum that was the highest ever for a Miami-area condo, another Continuum unit has been sold for $16.25 million to a foreign buyer, The Real Deal has learned. The three-bedroom, three-bathroom property sold just over a month after being listed for $19.5 million by Coldwell Banker’s Jill Hertzberg and Jill Eber. [more]

The Continuum unit

Zilbert International Realty has listed a condominium at South Beach’s Continuum North Tower for $13.75 million. Continuum’s Unit 3202 occupies half of the 32nd floor at the tower, which is located at 50 South Pointe Drive in the South of Fifth neighborhood. The condo, which includes rights to a poolside villa, has a total of 6,000 square feet. Former NFL stars and brothers Darren and Jamie Sharper recently sold their combination unit at the Continuum last month. — Alexander Britell

The most expensive new listing is a two-bedroom, two-bathroom condominium unit at Continuum on South Beach at 50 South Pointe Drive in Miami Beach that’s listed for $1.975 million, according to Condo Vultures. The 1,443-square-foot unit has white marble floors and lutron lighting. It’s listed by Jeffrey Miller of Zilbert Realty Group. (Condo Vultures data includes condos and single-family listings in the main metropolitan areas of Miami, Fort Lauderdale, and West Palm Beach, as well as Monroe County that are newly listed. Listings are taken from the South Florida MLS.) — Alexander Britell
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Just like its surging rental market, Miami’s high-end residential sector has been showing significant improvement in the first five months of 2011. “What’s happened over the last 24 months is really kind of phenomenal,” EWM President Ron Shuffield told The Real Deal. “When you think about what a deep, dark hole we were in, now to see this real sold activity we’re having, we’re fortunate to be where we are.” In the first five months of 2011, there has been an average of 51 condo sales over $1 million per month, and 41 home sales in the same price bracket, according to MLS data provided to The Real Deal by EWM. “That projects to about 1104 sales for the year,” Shuffield said. “If we continue [at] that pace, we’ll have about a 22 percent increase in the units of sales this year.” [more]