The Real Deal Miami

Continuum condo sells for $6.73M

Price attests to south of Fifth's popularity, broker says
July 09, 2013 01:00PM

100 South Point Drive, Miami Beach

A three-bedroom, two-bathroom, 3,353-square-foot condo in the Continuum in South Beach has sold for $6.73 million, according to the seller’s brokers, Dina Goldentayer and Sladja Stanti of One Sotheby’s International Realty.

Monica Harvey of EWM represented the buyer.

Unit 2008 in the Continuum’s south tower was asking $6.89 million when it went on the market in April, and the Miami-Dade property appraiser’s office last assessed it at $3.26 million.

The discrepancy in its assessed value and sales price is partly explained by the popularity of Miami Beach’s South of Fifth neighborhood, Goldentayer told The Real Deal.

“Three-bedroom units south of Fifth are the hottest market right now,” she said.

Public records list the seller as JJ Allen Miami, an LLC managed by St. Regis Group Inc. of Mill Valley, Calif. The buyer’s name was not disclosed. –Emily Schmall