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

2,500 sf condo hit the market in January for nearly $8M

Miami /
Aug.August 11, 2017 10:30 AM

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.


Related Articles

arrow_forward_ios
Tech entrepreneur pays $8M for Continuum South Beach condo
Tech entrepreneur pays $8M for Continuum South Beach condo
Tech entrepreneur pays $8M for Continuum South Beach condo
Ex-Miami Dolphins defensive end Andre Branch with the $6 million property (Getty, The Jills Zeder Group)
Ex-Miami Dolphins player sells non-waterfront Miami Beach home for $6M
Ex-Miami Dolphins player sells non-waterfront Miami Beach home for $6M
Nicky Jame and One Thousand Museum (Getty, One Thousand Museum)
Reggaeton artist Nicky Jam picks up downtown Miami condo
Reggaeton artist Nicky Jam picks up downtown Miami condo
Brian Vickers with the Continuum South tower (Continuum on South Beach)
Retired Nascar driver Brian Vickers buys Miami Beach condo for $6M
Retired Nascar driver Brian Vickers buys Miami Beach condo for $6M
AIMCO founder Terry Considine and a rendering of the Grand Flamingo tower
Miami Beach board rejects Aimco’s proposal for Grand Flamingo tower
Miami Beach board rejects Aimco’s proposal for Grand Flamingo tower
Jimmy Butler, Reshma Sohoni and 8975 SW 63 Court (Getty, Google Maps)
Swish! Miami Heat’s Jimmy Butler sells Pinecrest mansion for $7M
Swish! Miami Heat’s Jimmy Butler sells Pinecrest mansion for $7M
Marc Fisher and the West Palm Beach home (Getty, Douglas Elliman)
Shoe mogul Marc Fisher buys waterfront West Palm Beach mansion
Shoe mogul Marc Fisher buys waterfront West Palm Beach mansion
Floyd Mayweather and the Palm Island mansion (Getty, Douglas Elliman)
Floyd Mayweather drops $18M on Miami Beach mansion
Floyd Mayweather drops $18M on Miami Beach mansion
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...