The Real Deal Miami

Brazilian pays $5.1 million for Continuum unit

November 20, 2012 09:45AM


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