Stuart Eichner sells Continuum unit for nearly 30% off original ask

Unit hit the market in 2016 for $12.9M or $4,300 psf

TRD MIAMI /
Apr.April 27, 2018 02:53 PM

Unit 3501 at the Continuum

Continuum investor Stuart Eichner just sold his Continuum South Beach unit for $9.3 million, a 28 percent discount off the original ask.

Eichner, who invested in the Continuum project, is the brother of developer Ian Bruce Eichner, whose Continuum Company built the $440 million, two-tower condominium in 2002 and 2008.

He sold unit 3501 at 50 South Pointe Drive to Miami Sun Holdings V LLC. State records show John Marshall of Miami Beach controls the LLC.

Samantha Elenson of One Sotheby’s International Realty represented Eichner and his wife. Douglas Elliman’s Eloy Carmenate and Mick Duchon brought the buyer.

The Eichners first listed the three-bedroom, 3,000-square-foot unit condo in 2016 for $12.9 million, or $4,300 per square foot, the took it off the market for a few months and relisted it the following year for $11.5 million, or $3,800 per square foot. It just sold for about $3,070 a foot.

The deal included a poolside two-story, 600-square-foot loft-style cabana, and five parking spaces. Property records show Eichner paid $4.1 million for unit 3501 and cabana 4 at 50 South Pointe Drive.

In 2015, his brother, Ian Bruce Eichner, listed his four-story penthouse at the Continuum for $50 million, or $4,519 per square foot. It is no longer on the market.


Related Articles

arrow_forward_ios
Pablo Camposano, Phil Gutman and Felix Bendersky, with 200 South Pointe Drive (Credit: Google Maps)

Bull’s-eye: Norway dart club lands on South Beach for first US location

Map of priciest condo sales and 100 South Pointe Drive, unit 1501 (Credit: Google Maps and Redfin)

Miami condo sales tank in early February

Continuum South Beach unit 606 and Dan Buettner (Credit: Douglas Elliman)

Is it the water? Longevity expert buys Continuum South Beach condo

From left: Andrea and Renzo Rosso

Diesel family dishes on Wynwood condo project

Bruce Eichner and his Continuum penthouse (Credit: Douglas Elliman)

Bruce Eichner slashes listing on his Continuum penthouse, and eyes next Miami project

Thomas O’Reilly, John Marshall, Ivan Chorney and Michael Martirena with Continuum North unit 1402/03 (Credit: Douglas Elliman and LinkedIn)

Tech entrepreneur sells Continuum unit to Neuberger Berman exec

Daily Digest Miami

Stockbridge pays $117M for industrial deal in Miramar, Trump blames recession warning signs on a conspiracy: Daily digest

From left: Brett Harris Mick Duchon, Giorgio Vecchi, Dario Stoka, Eloy Carmenate, with Continuum Miami Beach 

Investor sells Continuum unit for 20% below original ask

arrow_forward_ios
Loading...