Restaurateur lists South Beach condo for 77% more than he paid in 2016

Myles Chefetz, a two-time nominee for the Outstanding Restaurateur Award from the James Beard Foundation, asks $14M for the Continuum unit he bought for $7.9M

Miami /
Oct.October 13, 2018 04:45 PM

Myles Chefetz listed this condo at the Continuum in South Beach for $14 million. (Credit: Mansion Global)

Restaurateur Myles Chefetz listed his South Beach condo for sale for $14 million, or 77 percent more than he paid about three years ago.

Chefetz, who twice has been nominated for the Outstanding Restaurateur Award from the James Beard Foundation, bought the 3,030-square-foot apartment at the Continuum for $7.9 million in 2016.

Chefetz told the Mansion Global that he completely renovated the condo unit at a cost of $3 million.

Such celebrities as Simon Cowell, the Kardashians, Alex Rodriguez, Vera Wang and Dwyane Wade have dined at Chefetz’s restaurants in the South of Fifth area of Miami Beach, including Big Pink, steakhouse Prime 112 and other restaurants operating under the Prime brand.

Chefetz’s condo, designed by Briggs Solomon, features furnishings by Christian Liagre and Luminaire, oak flooring, Porsche lighting, custom millwork, a Boffi kitchen with Gaggenau appliances, and a master bedroom with Bardiglio marble slabs and a mirrors with a built-in television.

The three-bedroom, three-bathroom apartment has a powder room, an office and several outdoor terraces that collectively measure 1,216 square feet. Common-area amenities at the Continuum include several swimming pools with spas, tennis courts and frontage on the ocean.

The $14 million asking price for his unit at the Continuum also includes furniture and artwork.

Chefetz, 59, has never lived in the condo unit because he and his family decided to remain in their house in the Venetian Islands area of Miami Beach.

The listing agents are Eloy Carmenate and Mick Duchon of Douglas Elliman Real Estate. [Mansion Global]Mike Seemuth


Related Articles

arrow_forward_ios
International Inn at 2301 Normandy Isle, Miami Beach (Google Maps)

Miami Beach approves 8-story addition for International Inn

Miami Beach approves 8-story addition for International Inn
Serena Williams with 7703 Bold Lad Road and 6431 River Pointe Way (Getty, Google Maps)

Serena Williams sells Palm Beach Gardens home after buying Yadier Molina’s Jupiter mansion

Serena Williams sells Palm Beach Gardens home after buying Yadier Molina’s Jupiter mansion
Jorge Perez and Jon Paul Perez with Terminal Island (Getty, iStock)

Related gets height increase needed for Terminal Island office project in Miami Beach

Related gets height increase needed for Terminal Island office project in Miami Beach
Alex Rodriguez with Stuart Zook (Getty, Miami-Dade County Circuit Courts)

A-Rod’s ex-brother-in-law alleges racketeering, embezzlement in new lawsuit against retired Yankee

A-Rod’s ex-brother-in-law alleges racketeering, embezzlement in new lawsuit against retired Yankee
Carl Gambino

Celebrity agent Carl Gambino expands to Miami

Celebrity agent Carl Gambino expands to Miami
(Google Maps)

Miami-Dade condo sales and closed dollar volume take a dive at start of year

Miami-Dade condo sales and closed dollar volume take a dive at start of year
David Cassidy and 1600 South Ocean Drive in Fort Lauderdale (Getty)

David Cassidy’s former Fort Lauderdale home sells

David Cassidy’s former Fort Lauderdale home sells
An exterior of 1835 West 27th Street, Miami Beach (Douglas Elliman)

Venezuelan oil tycoon sells Sunset Islands waterfront mansion for $17M

Venezuelan oil tycoon sells Sunset Islands waterfront mansion for $17M
arrow_forward_ios

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

Loading...