Investor lists Continuum South Beach unit for $11M
Updated, 4:10 p.m., Feb. 2: A Miami Beach investor has listed his Continuum South Beach unit for $10.59 million with the Jills.
Records show Michael D. Horvitz owns the 33rd story unit at the Continuum South, a 3,335-square-foot condo with views of Government Cut Fisher Island and downtown Miami. Horvitz was the director of MoreDirect.com, an information technology company based in Boca Raton, according to Bloomberg. He was also president of Twin-Star International, a contract manufacturer, designer and home furnishings importer, as well as a real estate investor.
The Coldwell Banker duo told The Real Deal that the owner is moving into a single-family house, “otherwise he would never want to leave there,” Eber said.
Horvitz paid $3.9 million for unit 3303 in 2007. The three-bedroom, three-bathroom unit was recently renovated and features limestone and travertine marble floors, custom mosaic walls, Miele and SubZero appliances and a master suite with a private balcony. It also includes a smart home system and a home office.
At $10.59 million, or $3,175 per square foot, Hertzberg said it’s well priced for the market right now. Less than a week ago, professional racing driver Enrique Bernoldi listed his Continuum unit for $7.9 million, or $3,150 per square foot.
The Continuum, completed in 2001, sits on a 12.5-acre waterfront site with three tennis courts, an 18,000-square-foot gym and spa, a private beach club and restaurant.
An earlier version of this story incorrectly identified the owner as the head of Boca-based IT company MoreDirect.com. He was a director of the firm and is no longer affiliated with MoreDirect.com.