Continuum
The $25 million purchase of triplex penthouse at South Beach’s Continuum in May was the most ever paid for a Miami-area condo. That record may not stand for long, though, as dwindling inventory and a continued influx of foreign cash are driving South Beach penthouses to never-before-seen levels. [more]
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]
29 Star Island
Footwear mogul Donald J. Pliner and his wife Lisa have closed on the sale of their home at 29 Star Island Drive for $14.33 million to a Miami-based buyer, The Real Deal has learned. The 10,160-square-foot home has eight bedrooms and nine bathrooms, along with a rooftop terrace. [more]
9 Indian Creek Drive
Barry Schwartz, the co-founder and Chairman of Calvin Klein, has sold his empty lot at 9 Indian Creek Drive for $19.2 million, the Miami Herald reported. Schwartz was represented by Coldwell Banker’s Jill Eber and Jill Hertzberg. The property, which has a total of 2.75 acres, had an assessed value of $10.8 million last year, according to data from the Miami-Dade County Property Appraiser’s office. It was purchased by Schwartz in 2005 for $15.5 million. [Miami Herald]
Mario Chalmers, Drake and the Marquis Miami condos
Within 24 hours of listing his two Marquis Miami condominium units, and about a year after purchasing them in the first place, Drake found a fellow celebrity to buy the units for just 4 percent less than the rapper’s $2.5 million asking price.
Forbes reported Miami Heat guard Mario Chalmers signed a contract to buy the units for $2.4 million. [more]
Anna Kournikova and 2345 Lake Avenue
Former tennis star Anna Kournikova has sold her Miami Beach mansion for $7.43 million, a $2 million discount to the price she listed it for in May, the Miami Herald reported.
The 6,000-square-foot waterside home, at 2345 Lake Avenue, was built in 2000 and has seven bedrooms and eight bathrooms. The property also has a two-story guest house, a sauna, a coral deck pool and a boat dock — but no tennis court.
The property was listed by Jill Hertzberg and Jill Eber of Coldwell Banker. [Miami Herald]
A 10-bedroom home at 3 Indian Creek Drive in Miami Beach has been listed for $60 million, according to Miami Today. The home is being marketed by Coldwell Banker’s Jill Eber and Jill Hertzberg. “There’s nothing like it,” Eber said. “It’s a work of art.” The home, which was designed by architect Rene Gonzalez, has 30,000 square feet and a 100-foot pool. The home is located on Indian Creek Island, which has its own private police force and golf club. [Miami Today] [more]
The Miami Herald named the top 10 South Florida real estate power brokers today, based on sales performance, innovation, accolades and market influence.
The list includes Alicia Cervera LaMadrid, managing partner at Cervera Real Estate, who was named top condominium broker by the Greater Miami Chamber of Commerce, the chamber’s top single-family home sales agent Judy Zeder of Esslinger-Wooten-Maxwell Realty and Jose Fente of Tropical Realty. Fente was the only South Florida broker to crack the 2011 Wall Street Journal Top 1,000 list in two separate categories. [more]
The South Florida home to see the biggest price cut today is a five-bedroom, three-bathroom house at 428 S. Hibiscus Drive in Miami Beach, according to data from Condo Vultures Realty. The $6 million Miami-Dade County home saw a $900,000, or 13 percent, price cut. It was originally listed for $6.9 million when it hit the market in November. The 4,228-square-foot house sits on an 18,375-square-foot, waterfront lot on Hibiscus Island and has a pool and 139 feet of water frontage. Jill Hertzberg of Coldwell Banker has the listing. (Condo Vultures data includes condos and single-family home listings in the main metropolitan areas of Miami, Fort Lauderdale, West Palm Beach and Key West that are priced at $1 million and above, and that include photographs. Listings are taken from the South Florida MLS.) TRD
114 W. Rivo Alto Drive The South Florida home to see the biggest price cut today is a four-bedroom, three-bathroom single-family house at 114 W. Rivo Alto Drive in Miami Beach, according to data from Condo Vultures Realty. The $2.495 million Miami-Dade County home saw a $255,000, or 9 percent, price cut. It was originally listed for $2.8 million when it hit the market in March. The price was last cut to $2.75 million in April. The 3,305-square-foot home sits on a 10,500-square-foot waterfront lot off the Venetian Causeway and has a pool, detached guest house and 60-foot dock. Jill Hertzberg of Coldwell Banker Residential Real Estate has the listing.
(Condo Vultures data includes condos and single-family home listings in the main metropolitan areas of Miami, Fort Lauderdale, West Palm Beach and Key West that are priced at $1 million and above, and that include photographs. Listings are taken from the South Florida MLS.) TRD
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