The Real Deal Miami

Former F1 driver Enrique Bernoldi sells Continuum South Beach condo for $6M

2,500 sf condo hit the market in January for nearly $8M
By Katherine Kallergis | August 11, 2017 10:30AM

Enrique Bernoldi and his former Continuum unit

Eddy Martinez and Roland Ortiz

Former Formula 1 driver Enrique Bernoldi just sold his Miami Beach condo for $6 million, a 24 percent discount off the original asking price.

The Brazilian professional race car driver sold the three-bedroom, 2,508-square-foot unit to an undisclosed Canadian buyer, said listing agent Eddy Martinez of Worldwide Properties. Martinez and Roland Ortiz co-listed unit 1006 in the south tower of the luxury condo development at 100 South Pointe Drive. It hit the market in January for $7.9 million and was reduced to $7.25 million.

Sorah Daiha of Douglas Elliman represented the buyer, who owns other properties in Miami and was looking to purchase a unit in the Continuum. It sold for nearly $2,400 per square foot.

Bernoldi’s MBRB Investments LLC paid $5.55 million for the condo in 2014, property records show. He  invested more than $1 million into the unit, including its design, floor plan, media, technology and furnishings. The unit, which includes a 718-square-foot wraparound terrace, sold furnished.

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.

Bernoldi is in the process of buying another home in South Florida, Martinez said. He’s among a handful of professional drivers to call the Miami area home, including IndyCar driver Helio Castroneves, F1 driver Eddie Irvine and IndyCar racer Milka Duno.