MIAMI BEACH REAL ESTATE: SOLD, 100 SOUTH POINTE DRIVE PH1

May 22, 2009

EXTERIOR VIEW: 100 SOUTH POINTE DRIVE PH 1 MIAMI BEACH, FLORIDA 33139

On the market for 562 days, Penthouse 1 at the Continuum I South Tower just closed today for $9.9M. This direct oceanfront residence, originally listed for sale in March 2007 for $25M, like everything in the market place, was reduced. In December 2007 it was offered for $21M. Asking price at the time of sale was $14.95M. The seller paid $7M for the property in 2003, when the Continuum I, the first beachfront condominium in South Beach’s South of Fifth neighborhood, was completed.

Property Highlights

Tri-level unit
5 bed
7 1/2 bath
7,734 SF (under air)
13′ ceilings
Private elevator
Private rooftop pool
4 parking spaces

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