The Real Deal Miami

Apogee South Beach condominium sells for $6.2 million in all-Brazil deal

September 04, 2012 01:30PM

Eddy Martinez and the Apogee condominium

A unit at the Apogee condominium in South Beach has sold for $6.2 million, or around $1,500 per square foot, according to Eddy Martinez, broker and CEO at Worldwide Properties in Miami Beach. The 4,154-square-foot residence was unloaded by a Brazilian seller to a Brazilian investor in an all-cash deal. The buyer reportedly intends to completely remodel the unit. “South Florida is still proving to be an extremely desirable location for these investors from overseas, and many of them are paying cash in order to get the best value for their dollar,” Martinez said. The unit had been on the market for 74 days. — Alexander Britell