The Real Deal Miami

Icon South Beach condominium unit sells for $1,260 per square foot

November 07, 2012 10:30AM

The unit at Icon

A 2,145-square-foot condominium unit at the Icon South Beach tower has been sold for $2.7 million, or about $1,260 per square foot. The average price represents a record high for the property, according to Worldwide Properties’ Eddy Martinez, who represented the seller in the all-cash transaction. The buyer was reportedly a celebrity (Martinez could not disclose the buyer due to a confidentiality agreement). “The rapid sales of the residences at Icon continue to prove that the market in Miami Beach is hot, especially in the ultra-luxury price range,” Martinez said. Icon South Beach was the scene of an over-$20 million penthouse sale in June. — Alexander Britell