The Real Deal Miami

N.Y. Rubin Museum of Art founders buy $9.6M Continuum unit

Unit on 29th floor sold for $3,216 psf
By Katherine Kallergis | January 15, 2015 02:21PM

Continuum South and Shelley Frost Rubin

Continuum South and Shelley Frost Rubin

The mysterious couple who recently bought a Continuum Miami Beach unit for $9.6 million turned out to be Shelley Frost Rubin and Donald Rubin, founders of the Rubin Museum of Art in New York City. The buyers’ names had previously been withheld, though they were described as “avid art collectors.” 

Shelley Rubin bought unit 2904 in the Continuum South on Dec. 31, Miami-Dade records show. Lipe Medeiros of Douglas Elliman represented the seller of the 2,985-square-foot Continuum unitRonit Perez of Setai Realty represented the buyer.

The Rubins’ passion for Himalayan art led them to create the Rubin Museum of Art, according to the museum’s website. They started collecting Himalayan art in the early 1980s and amassed a large and significant collection that became the core of the museum’s holdings.

The $3,216-per-square-foot sale was a record price for the South of Fifth neighborhood for a condo that is neither a penthouse nor a duplex, according to Douglas Elliman. The three-bedroom, three-and-a-half bathroom condo features two large terraces with views of the ocean and downtown. Ronit Perez of Setai Realty represented the buyer.