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

TRD 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
From left: 1900 Collins Avenue (Top), 229 19th Street, 1925 Liberty Avenue and 227 19th Street (Credit: Google Maps)

Contractor alleges unpaid work at Lennox Miami Beach hotel, amid legal battle between father-in-law and son-in-law

Contractor alleges unpaid work at Lennox Miami Beach hotel, amid legal battle between father-in-law and son-in-law
Mirce Curkoski, Julian Johnston, and Olesia Aliseenko, with the home (Credit: Mark Sagliocco/Getty Images, and Google Maps)

Former Miss Ukraine pays $20M for waterfront Palm Island mansion

Former Miss Ukraine pays $20M for waterfront Palm Island mansion
Rendering of the project and Rishi Kapoor

Developer Rishi Kapoor lands approval for mixed-use co-living project in South Beach

Developer Rishi Kapoor lands approval for mixed-use co-living project in South Beach
Michael Shvo and a rendering of the tower (City of Miami)

Miami Beach board again delays vote on Michael Shvo’s proposed tower near Raleigh Hotel

Miami Beach board again delays vote on Michael Shvo’s proposed tower near Raleigh Hotel
Jill Hertzberg, Dora Puig, Oren Alexander with Star Island properties

Miami Beach’s Star Island regains its luster

Miami Beach’s Star Island regains its luster
5212 North Bay Road in Miami Beach and Marcelo Claure (Getty)

SoftBank’s Marcelo Claure pays $11M for North Bay Road teardown

SoftBank’s Marcelo Claure pays $11M for North Bay Road teardown
Jon Beason, Ozuna and 3812 Park Avenue (Getty, Engel & Voelkers Coconut Grove)

Reggaeton artist Ozuna drops $5M on Coconut Grove house

Reggaeton artist Ozuna drops $5M on Coconut Grove house
34 Star Island Drive with Albert Justo, Stacy Robins and Mirce Curkoski (Redfin)

Former Star Island residents return, buy $12M waterfront home

Former Star Island residents return, buy $12M waterfront home
arrow_forward_ios

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

Loading...