Allan Kleer, M.B.A., PA  :  305-798-8205 Fabian Garcia Diaz  :  305-785-8013

Monday, January 9, 2012
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Summarizing the top 21 most expensive sales of luxury homes and condominiums in Miami Beach's real estate market for the final quarter of 2011:

Miami Beach Condos

As indicated at bottom of this blog post, Eleven condominiums priced over $3 Million sold in Miami Beach in the final quarter of 2011 for an average price of $1,765 per square ft. of living space.

Miami Beach Homes

Also indicated at the bottom of the blog post, TEN waterfront homes in Miami Beach priced over $2 Million were sold in the final quarter of 2011, at an average sales price of $720 per square ft. of living space.


The available Miami Beach luxury waterfront home and condo inventory drastically declined last year. As I previously highlighted in my 2011 Miami Beach Condos Year End Review, affluent foreign (and mostly cash buyers) have been taking advantage of recent real estate price corrections by spending over $3 BILLION in purchasing luxury homes andn condos in Greater Miami. As a result, we've seen a dramatic drop in
Miami Beach's premier waterfront home and condo inventory. The most searched and sought-after Miami Beach waterfront homes are in the luxury island communities of Palm, Star, Hibiscus, Sunset Islands I - IV, and the Venetian Island Chain that links Miami with Miami Beach. The highest priced condo buildings are The Continuum on South Beach, Apogee Miami Beach, The IL Villaggio (directly on Ocean Drive), The Bath Club (North Beach area), and The Setai Condo/Hotel on Collins Avenue.

Given the strong anti-development sentiment and building regulations in Miami Beach, the future supply of premier waterfront homes and condos in Miami Beach will continue to be VERY limited. Combined with an amazing city and beach lifestyle, I believe that high net worth foreign cash buyers to will continue to invest in Miami Beach luxury homes and condos in premier locations. Therefore, I'm convinced that in 2012 we will see strong price appreciation for premier waterfront Miami Beach homes and condos.


Below are the Top 21 Closed Sales of Miami Beach Homes and Condos for the Final Quarter of 2011:

Miami Beach Home and Condo Sales- Final Quarter 2011
Closed DateMiami Beach AddressMiami Beach Property S.F. Sales Price SP$/SqFt
1/6/20126641 BREVITY LNMiami Beach Home5,900 $ 2,500,000 $ 424
1/5/2012440 S HIBISCUS DRMiami Beach Home5,415 $ 3,600,000 $ 665
12/21/2011100 S POINTE DR # 2904Continuum on South Beach2,985 $ 3,300,000 $ 1,106
12/17/2011441 N HIBISCUS DRMiami Beach Home4,737 $ 2,400,000 $ 507
12/16/20111455 OCEAN DR # 1405IL VILLAGGIO Condos2,310 $ 3,999,995 $ 1,732
12/13/2011800 S POINTE DR # 2103APOGEE SOUTH BEACH3,103 $ 5,508,200 $ 1,775
12/9/2011101 20 ST # PH-ASetai Condominiums6,209 $ 21,500,000 $ 3,463
12/9/2011101 20 ST # 3609Setai Condominiums2,521 $ 6,000,000 $ 2,380
12/6/20111455 OCEAN DR # 1605IL VILLAGGIO Condos2,310 $ 3,900,000 $ 1,688
12/5/20112570 FLAMINGO DRMiami Beach Home4,428 $ 2,000,000 $ 452
12/1/201115 STAR ISLAND DRMiami Beach Home8,699 $ 12,720,000 $ 1,462
11/23/2011100 S POINTE DR # 1106/7The Continuum Condos4,378 $ 5,200,000 $ 1,188
11/20/2011114 W RIVO ALTO DRMiami Beach Home3,305 $ 2,060,000 $ 623
11/3/20111620 W 21 STMiami Beach Home6,300 $ 5,175,000 $ 821
11/2/20116905 VALENCIA DRMiami Beach Home4,500 $ 4,100,000 $ 911
11/1/20111420 W 22 STMiami Beach Home4,172 $ 2,000,000 $ 479
10/27/2011800 S POINTE DR # 1603Apogee South Beach2,756 $ 6,000,000 $ 2,177
10/14/20115959 COLLINS AV # 906The Bath Club Condominiums4,135 $ 3,100,000 $ 750
10/10/2011100 S POINTE DR # 3004CONTINUUM ON SOUTH BEACH2,508 $ 3,495,000 $ 1,394
10/10/20115328 N BAY RDMiami Beach Home6,300 $ 5,435,000 $ 863

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Thursday, December 29, 2011
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Miami Beach Condos

A quick summary of what's been happening in Miami Beach's condo market in 2011, especially for the premier waterfront luxury condo buildings built after 2001:

Over the past six months, the available Miami Beach condo inventory has drastically declined. As indicated in a recent Miami Herald Article (click for details), high net worth foreign & mostly cash buyers have been taking advantage of recent Miami Beach Real Estate price corrections by spending over $3 BILLION on SE Florida Real Estate in 2011. As a result, we've seen a dramatic drop in Miami Beach's condo listing inventory. Given the lack of (a.k.a. NONE LEFT) waterfront land, the existing Art Deco architectural protections and building restrictions, as well as highly restrictive regulatory and construction codes- the future supply of premier waterfront condos in Miami Beach will continue to be very limited.

Especially noteworthy for Miami Beach are the high $/Sq.Ft. closed sales prices in premier waterfront condo buildings such as The Setai, The Continuum on South Beach, Apogee South Beach, and the W Hotel/Condo Residences. The highest priced sale (in terms of $/Sq. Ft) for Miami Beach condos in 2011 were the following:

The Setai Miami Beach Penthouse Penthouse A for a staggering $3,463 /Sq.Ft. ($21,500,000)
The Continuum North Tower Condo #2101 for $1,674 /Sq.Ft. ($5,050,000)
Apogee Miami Beach Condo #1603 for $2,177 /Sq.Ft. (6,000,000)
The W Condo/Hotel Residence Upper Penthouse #3 for $2,142 / Sq.Ft. ($5,200,000)

Below are the past six months Sales Statistics for Miami Beach Luxury Condos (South Beach zip code 33139):

Miami Beach Luxury Condos- Last Six Months Closed Sales
Closing DateMiami Beach Condo Building Living Area Sales Price SP$/SqFt
12/21/2011Continuum on South Beach2,985 $3,300,000 $1,106
12/20/2011Portofino Yacht Club1,980 $1,900,000 $960
12/19/2011CONTINUUM ON SOUTH BEACH1,491 $1,730,000 $1,160
12/16/2011IL VILLAGGIO2,310 $3,999,995 $1,732
12/16/2011CONTINUUM ON SOUTH BEACH1,591 $1,750,000 $1,100
12/13/2011APOGEE SOUTH BEACH3,103 $5,508,200 $1,775
12/12/2011Continuum South Tower2,292 $2,665,000 $1,163
12/9/2011Setai2,521 $6,000,000 $2,380
12/9/2011Setai6,209 $ 21,500,000 $3,463
12/6/2011Il Villaggio2,310 $3,900,000 $1,688
12/5/2011PORTOFINO TOWER2,340 $1,750,000 $748
12/5/2011PORTOFINO TOWERS2,340 $1,737,000 $742
12/1/2011Portofino Tower2,040 $1,300,000 $637
11/23/2011Continuum South Tower4,378 $5,200,000 $1,188
11/21/2011The Setai821 $1,310,000 $1,596
11/18/2011IL VILLAGGIO1,919 $2,200,000 $1,146
11/18/2011IL VILLAGGIO1,370 $1,025,000 $748
11/18/2011Continuum on South Beach1,791 $2,300,000 $1,284
11/14/2011CONTINUUM ON SOUTH BEACH1,992 $2,250,000 $1,130
11/14/2011Continuum On South Beach1,451 $1,550,000 $1,068
10/27/2011Portofino2,340 $1,225,000 $524
10/27/2011Apogee2,756 $6,000,000 $2,177
10/25/2011CONTINUUM1,869 $1,750,000 $936
10/24/2011Capri South Beach1,889 $1,088,000 $576
10/19/2011THESETAI821 $1,010,000 $1,230
10/18/2011IL VILLAGGIO1,780 $1,850,000 $1,039
10/14/2011MURANO AT PORTOFINO2,190 $2,250,000 $1,027
10/14/20111500 OCEAN DRIVE1,740 $1,625,000 $934
10/11/2011W South Beach Residences1,151 $1,850,000 $1,607
10/10/2011CONTINUUM ON SOUTH BEACH2,508 $3,495,000 $1,394
10/7/2011CONTINUUM NORTH TOWER1,486 $1,700,000 $1,144
9/30/2011Setai1,198 $1,105,000 $922
9/29/2011Continuum North1,698 $1,500,000 $883
9/29/2011Murano Grande2,024 $1,418,000 $701
9/27/2011W South Beach Residence1,151 $1,590,000 $1,381
9/27/2011Continuum North Tower1,862 $2,300,000 $1,235
9/26/2011Setai1,279 $2,300,000 $1,798
9/19/2011Continuum on South Beach2,122 $2,300,000 $1,084
9/17/2011APOGEE4,154 $7,500,000 $1,805
9/14/2011CONTINUUM ON SOUTH BEACH3,017 $5,000,000 $1,657
9/12/2011Continuum, South Tower1,591 $1,500,000 $943
9/11/2011Continuum on South Beach1,791 $1,800,000 $1,005
8/28/2011W South Beach Residences574 $1,100,000 $1,916
8/26/2011Apogee4,154 $6,800,000 $1,637
8/17/2011CONTINUUM THE NORTH TOWER1,922 $2,900,000 $1,509
8/17/2011CONTINUUM ON SOUTH BEACH3,017 $4,175,000 $1,384
8/11/2011W South Beach2,428 $5,200,000 $2,142
8/5/2011COURTSAT SOUTH BEACH2,620 $1,300,000 $496
8/2/2011CONTINUUM ON SOUTH BEACH3,017 $3,700,000 $1,226
8/1/2011Il Villaggio Condominium1,550 $1,750,000 $1,129
7/20/2011The Setai1,141 $2,600,000 $2,279
7/19/2011Continuum2,122 $2,200,000 $1,037
7/14/2011W South Beach Residences2,352 $6,120,400 $2,602
7/14/2011Setai1,316 $1,900,000 $1,444
7/12/2011Setai1,198 $1,700,000 $1,419
7/8/2011PORTOFINO TOWERS2,340 $1,625,000 $694
7/8/2011CONTINUUM II2,173 $3,500,000 $1,611
7/7/2011CAPRI SOUTH BEACH1,842 $1,623,300 $881
7/6/2011ICON2,158 $1,309,500 $607
7/6/2011CONTINUUM NORTH TOWER1,698 $1,400,000 $824
7/1/2011Murano Grande3,979 $3,400,000 $854
6/30/2011THE GRAND VENETIAN2,345 $1,587,500 $677
6/30/2011Continuum on South Beach2,508 $3,400,000 $1,356
6/30/2011CONTINUUM SOUTH TOWER2,122 $2,122,000 $1,000
6/30/2011Continuum on South Beach1,698 $1,450,000 $854
6/28/2011PORTOFINO TOWERS2,040 $1,750,000 $858
6/28/2011Icon South Beach1,815 $1,440,000 $793
6/27/2011CONTINUUM ON SOUTH BEACH3,017 $3,850,000 $1,276
6/27/2011CONTINUUM NORTH TOWER2,621 $3,836,000 $1,464
6/27/2011CONTINUUM ON SOUTH BEACH1,698 $1,700,000 $1,001
6/21/2011Murano at Prtofino2,618 $2,215,000 $846
6/20/2011APOGEE CONDO4,154 $7,350,000 $1,769
6/16/2011ICONCONDOMINIUM4,303 $3,400,000 $790
6/13/2011CONTINUUM SOUTH BEACH1,591 $1,379,000 $867
6/10/2011Continuum South Tower2,508 $3,800,000 $1,515
6/9/2011W South Beach Residences1,350 $2,400,000 $1,778
6/9/2011Murano at Portofino2,190 $1,600,000 $731
6/9/2011W South Beach Residence1,054 $1,560,000 $1,480
6/8/2011Murano Grande At Portofin1,548 $1,080,000 $698
6/6/2011Apogee2,756 $4,900,000 $1,778
6/2/2011continuum3,017 $5,050,000 $1,674

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Friday, December 9, 2011
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The Continuum South Beach Condos have all of the amenities and features of a five star resort.The Continuum also happens to be located in THE best Oceanfront location in all of Miami Beach- at the extreme Southeastern tip of South Beach. This makes The Continuum a popular destination for visitors and notables from around the world, including many Hollywood celebrities.

Ryan Seacrest at Continuum Miami Beach

While exercising at The Continuum's Sporting Club recently, I noticed that working out right next to me was none other than Ryan Seacrest (who's in excellent shape and works out HARD!). Ryan has been spotted at The Wall Nightclub in Miami Beach, and is known to enjoy the many attractions that Miami Beach has to offer.

The Continuum's Sporting Club recently underwent extensive renovations to the Men's and Women's locker room / private Spa areas, as well as acquiring all-new fitness equipment. Brand new cardiovascular machines, weight machines, and various other upgrades were recently completed. The Sporting Club @ Continuum is now a world class fitness center- available exclusively to residents and guests of The Continuum Condominiums.

The Continuum South Tower common area renovations have also been completed (see pictures below). The new South Tower lobby and condo building common areas look amazing! The Continuum South Tower is now on a par, if not exceeding, the highest luxury and decor standards set by nearby South of Fifth luxury condo buildings- such as Apogee, The Murano at Portofino, and Icon South Beach.

Continuum Miami Beach Condo LobbyContinuum South Tower Lobby

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Wednesday, October 12, 2011
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Miami Beach Condos- Seven Days Closed Sales Stats

Miami Beach Condos

As we begin the fourth quarter of 2011, we are continuing to see incredibly strong demand for Miami Beach waterfront condos. In Miami Beach's South of Fifth neighborhood, my team and I do not detect any slowdown in sales momentum. Despite a much lower condo listing inventory in Miami Beach's South of Fifth neighborhood, there continues to be strong buyer activity and demand. The snapshot of Miami Beach's condo stats below shows closed sales of the past SEVEN days for Miami Beach condos. This represents condos sold for above $500,000 for zip codes 33139, 33140, and 33141. The seven days closed sales average of listed & sold condo prices are highlighted at the very bottom of this blog post. I previously highlighted the past ninety days of Miami Beach condos closed sales, which makes this seven day sales snapshot (during Miami Beach's "low" Fall season) particularly impressive!

In Miami Beach's South of Fifth condo market, I've highlighted the latest Continuum South Beach three bedroom direct oceanfront condo sale which closed for $1,400/S.F. The physical address of this condo is located at 100 South Pointe Drive #3004, Miami Beach, 33139. This latest Continuum condo sale represents a premium of 10% ABOVE the average closed sales prices. There are two other IDENTICAL condos that sold in April, 2011 (#1103 and #3204) for an average price of $3,060,000. For both homes and condos, this trend is another example of the strength, and continuing price recovery, of Miami Beach's real estate market.

Miami Beach Condos- Seven Days Closed Sales- October, 2011
Sale DateMiami Beach AddressMiami Beach Condo Living AreaSales PriceSP$/SqFt
10/10/2011100 S POINTE DR # 3004CONTINUUM ON SOUTH BEACH2,508 $ 3,495,000 $ 1,394
10/7/20116899 COLLINS AV # 2604Canyon Ranch North Tower2,150 $ 2,053,250 $ 955
10/7/201150 S POINTE DR # 1907CONTINUUM NORTH TOWER1,486 $ 1,700,000 $ 1,144
10/11/20112201 Collins Ave # 1414W South Beach Residences1,151 $ 1,850,000 $ 1,607
10/7/20111445 16 ST # B101CAPRI SOUTH BEACH1,699 $ 1,088,000 $ 640
10/5/20115875 COLLINS AVE # PH6MEI CONDOMINIUM1,707 $ 1,000,000 $ 586
10/10/20114779 COLLINS AV # 1802BLUE DIAMOND1,530 $ 890,000 $ 582
10/6/2011400 S POINTE DR # 1110SOUTH POINTE TOWERS1,559 $ 860,000 $ 552
Seven Days Closed Average:Living Area S.F : 1,724 Price: $ 1,617,031 $/SF: 932

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Wednesday, October 5, 2011
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Miami Beach Condo Sales Latest Update

I'm providing our readers the latest sales update for Miami Beach condos that have been sold over the past ninety days for a minimum of $500,000 and above. A few highlights from the Miami Beach condos sales data at the bottom of this post:

- We're witnessing the most active luxury condo market in over five years. The number of closed sales transactions has jumped almost 20%!

- Nearly 70% of purchases / Miami Beach condos closed sales were cash transactions. High end condo sales defined the market, all price indicators jumped in this subsection of the overall Miami Beach condo market.

- The majority of purchasers can be divided into two groups- High net worth foreign buyers and high net worth buyers from the Northeastern U.S. (primarily New York metropolitan area).

- The average price per square foot has increased dramatically for high demand waterfront luxury condo buildings in the premier areas of Miami Beach, such as the South of Fifth neighborhood and in select Oceanfront luxury buildings.

The average sales price (per square foot) for these specific ultra-luxury South Beach condos buildings are listed below. Sales data is based on year-to-date Miami Beach condos closed sales of over $1 Million Dollars:

South of Fifth Specific Condo Buildings

Apogee South Beach Condos: $1,713 / S.F. (Average Sales Price = $7,174,000)
The Continuum on South Beach (North and South Towers): $1,404 / S.F. (Average Sales Price = $5,056,000)
The Murano at Portofino: $853 / S.F. (Average Sales Price = $2,166,000)
Icon South Beach: $744 / S.F. (Average Sales Price = $1,860,000)
The Murano Grande: $694 / S.F. (Average Sales Price = $1,727,100)
The Portofino Tower Miami Beach: $628 / S.F. (Average Sales Price = $1,413)

Miami Beach's Boutique Ultra-Luxury Condo Building on Ocean Drive:
The Il Villaggio South Beach: $1,025 / S.F. (Average Sales Price = $2,037)

Miami Beach Condo Sales 2011

Miami Beach Condos Sold (Past Ninety Days Closed Sales)

Miami Beach Condos Sold (Past Ninety Days)
Sale DateMiami Beach AddressMiami Beach Condo List Price Living Area Sales Price SP$/SqFt
10/3/201120 ISLAND AV # 514BELLE PLAZA CONDO$569,0001,372$540,000$394
10/3/20116365 COLLINS AV # 3308AKOYA$530,0001,322$530,000$401
9/30/2011101 20 ST # 2001Setai$1,150,0001,198$1,105,000$922
9/30/2011730 3 ST # 201Armitage Place$890,0002,290$780,000$341
9/29/2011400 ALTON RD # 2206Murano Grande$1,525,0002,024$1,418,000$701
9/29/201150 S POINTE DR # 1606Continuum North$1,645,0001,698$1,500,000$883
9/28/20116515 COLLINS AV # 1402Bel-Aire$599,0001,141$579,150$508
9/27/20112201 COLLINS AV # 514W South Beach Residence$1,630,0001,151$1,590,000$1,381
9/27/20115875 COLLINS AV # 1907MEI$600,0001,323$565,000$427
9/27/201150 S POINTE DR # 2205Continuum North Tower$2,300,0001,862$2,300,000$1,235
9/26/201190 ALTON RD # 3010YACHT CLUB AT PORTOFINO$799,0001,090$710,000$651
9/26/2011101 20 ST # 2007Setai$2,550,0001,279$2,300,000$1,798
9/22/20111413 SUNSET HARBOUR DR # 604sunset harbour th$995,0003,000$882,500$294
9/22/20116580 INDIAN CREEK DR # PH601Regatta$749,0001,768$670,000$379
9/21/20114775 COLLINS AV # 2102GREEN DIAMOND$1,050,0001,530$870,000$569
9/21/20115151 COLLINS AV # 924seacoast condo$620,0001,360$580,000$426
9/20/20111000 VENETIAN WY # 1904ONE THOUSAND VENETIAN$724,5001,720$749,900$436
9/20/20112555 COLLINS AV # 1209CLUB ATLANTIS$549,0001,034$527,500$510
9/20/201111 ISLAND AV # 1812Costa Brava$535,0001,917$500,000$261
9/19/2011100 S POINTE DR # 2909Continuum on South Beach$24,000,0002,122$2,300,000$1,084
9/17/2011800 S POINTE DR # 2101APOGEE$8,395,0004,154$7,500,000$1,805
9/16/20116899 COLLINS AV # 2204Canyon Ranch$2,200,0002,150$1,855,250$863
9/16/2011400 S POINTE DR # 1401SOUTH POINTE TOWER$775,0001,165$775,000$665
9/15/20114401 COLLINS AV # 1206FONTAINEBLEAU II/ TRESOR$559,0001,002$537,500$536
9/14/201150 S POINTE DR # 2302CONTINUUM ON SOUTH BEACH$5,300,0003,017$5,000,000$1,657
9/13/2011320 MERIDIAN AV # 320320 Meridian$695,0001,765$610,000$346
9/12/2011100 S POINTE DR # 701Continuum, South Tower$1,600,0001,591$1,500,000$943
9/12/20111100 WEST AV # 1426Mondrian South Beach$725,0001,088$655,000$602
9/12/2011220 21 street # 402BOULAN SOUTH BEACH$799,000996$725,000$728
9/11/2011100 S POINTE DR # 3502Continuum on South Beach$1,895,0001,791$1,800,000$1,005
9/9/201190 ALTON RD # 2011YACHT CLUB AT PORTOFINO$650,0001,130$640,000$566
9/8/20113801 COLLINS AV # 1505MOSAIC$895,0001,525$830,000$544
9/7/20111 CENTURY LN # 401THE VISTAS CONDOUNIT.$875,0002,140$825,000$386
9/6/201111 ISLAND AV # 110201Costa Brava Condo$1,200,0003,834$900,000$235
9/6/2011101 20 ST # 1805THE SETAI$850,000821$700,000$853
9/6/20116103 AQUA AV # PH2Aqua Allison Island$755,0002,318$830,000$358
9/5/20116801 COLLINS AV # C305CANYON RANCH CONDO$1,200,0001,285$1,200,000$934
9/3/2011155 N SHORE DR # 155-5Avanti Townhomes$599,9002,366$525,000$222
9/2/20113801 COLLINS AV # 602MOSAIC$895,0001,507$850,000$564
9/1/20114779 COLLINS AV # 3701BLUE & GREEN DIAMOND COND$1,499,0001,980$1,350,000$682
9/1/20112201 COLLINS AV # 907W South Beach$710,000574$640,000$1,115
8/31/20116103 AQUA AV # 105Aqua$775,0002,338$660,000$282
8/31/201190 ALTON RD # 911Yacht Club$549,0001,130$515,000$456
8/30/20116365 COLLINS AV # 3302AKOYA$699,0001,392$650,000$467
8/30/20115757 COLLINS AV # 1905L'EXCELLENCE$880,0001,980$650,000$328
8/30/201110 VENETIAN WY # 1404Grand Venetian$750,0001,477$600,000$406
8/30/20116767 COLLINS AV # TS2205THE STERLING$699,0002,160$660,000$306
8/30/2011401 JEFFERSON AV # 4The Jefferson$595,0001,259$575,000$457
8/29/20111100 WEST AV # 1516Mondrian$745,0001,190$675,000$567
8/29/20112201 Collins Ave # 1007W South Beach Residences$790,000574$790,000$1,376
8/26/2011800 S Pointe # 1001Apogee$7,500,0004,154$6,800,000$1,637
8/24/20112301 COLLINS AV # 907RONEY PALACE$645,0001,230$550,000$447
8/24/20115959 COLLINS AV # 1402Bath Club$2,299,0002,572$2,075,000$807
8/23/20116899 COLLINS AV # 1709CANYON RANCH$575,000820$575,000$701
8/23/20116899 COLLINS AV # N1807CANYON RANCH$1,490,0001,565$1,490,000$952
8/23/20114400 COLLINS AVENUE # 2412FONTAINEBLEAU II/TRESOR$685,0001,002$625,000$624
8/22/20114779 COLLINS AV # 1801BLUE DIAMOND CONDO$1,260,0001,980$1,165,000$588
8/21/2011401 JEFFERSON AV # 3The Jefferson$575,0001,256$565,000$450
8/17/201150 S POINTE DR # 2105CONTINUUM THE NORTH TOWER$2,950,0001,922$2,900,000$1,509
8/16/20116515 COLLINS AV # 1709Bel-Aire on the Ocean$599,0001,128$552,500$490
8/16/20114441 COLLINS AV # 2811Fontanebleau II$729,0001,002$665,000$664
8/15/2011834 Ocean Drive # 402CASA GRANDE$750,000900$660,000$733
8/12/20115959 COLLINS AV # 1501The Bath Club$1,350,0002,059$1,215,000$590
8/11/20112201 Collins Ave # UPH 3W South Beach$6,500,0002,428$5,200,000$2,142
8/11/20112301 COLLINS AV # 808Roney Palace$525,0001,230$510,000$415
8/10/20114775 COLLINS AV # 3301Green Diamond$2,700,0005,520$2,700,000$489
8/9/20115875 COLLINS AVE # 1403MEI CONDOMINIUM$876,0001,148$770,000$671
8/9/20117330 OCEAN TER # 1902ST TROPEZ OCEAN CONDO$639,9001,680$600,000$357
8/5/2011100 JEFFERSON AV # 10021COURTS AT SOUTH BEACH$1,450,0002,620$1,300,000$496
8/4/20111000 VENETIAN WY # 5081000 VENETIAN WAY$559,0001,370$535,000$391
8/4/2011650 WEST AV # 911THE FLORIDIAN$599,0001,147$565,000$493
8/4/20111330 WEST AV # 2902The Waverly$630,0001,262$585,000$464
8/4/20116301 COLLINS AV # TS5LA GORCE PALACE$790,0001,440$735,000$510
8/3/2011100 LINCOLN RD # 748DECOPLAGE CONDOMINIUM$750,0001,190$740,000$622
8/3/2011400 S POINTE DR # 603SOUTH POINTE TOWER$895,0001,271$800,000$629
8/3/20115959 COLLINS AV # 1501The Bath Club$1,350,0002,059$1,215,000$590
8/2/2011221 JEFFERSON AV # 14ILONA CONDOMINIUM$619,0001,079$585,000$542
8/2/20114775 COLLINS AV # 1404Green Diamond$674,9001,490$644,000$432
8/2/201150 S POINTE DR # 2202CONTINUUM ON SOUTH BEACH$4,052,0003,017$3,700,000$1,226
8/2/2011520 WEST AV # 702Bentley Bay$495,0001,499$510,100$340
8/1/20111455 OCEAN DR # 1003Il Villaggio Condominium$2,169,0001,550$1,750,000$1,129
7/29/20115151 COLLINS AV # 733SeaCoast 5151 Condo$534,9001,350$541,000$401
7/28/20115025 COLLINS AV # 2308Capobella$1,190,0001,870$1,020,000$545
7/28/20115025 COLLINS AV # 805Capobella$1,500,0002,060$1,250,000$607
7/28/20115025 COLLINS AV # 1202Capobella Condominium$675,0001,350$675,000$500
7/26/20115959 COLLINS AV # 704The Bath Club$2,595,0003,982$2,375,000$596
7/25/20115959 COLLINS AV # 3002THE BATH CLUB$6,900,0005,700$5,700,000$1,000
7/25/201190 ALTON RD # 1012YACHT CLUB AT PORTOFINO$488,9001,130$510,000$451
7/22/2011221 JEFFERSON AV # 5ILONA CONDO$599,0001,248$565,000$453
7/20/20116101 AQUA AV # 903GORLIN AT AQUA$660,0001,862$600,000$322
7/20/2011101 20 st # 3108The Setai$2,580,0001,141$2,600,000$2,279
7/19/20116103 AQUA AV # 602SPEAR AT AQUA$599,0001,755$550,000$313
7/19/2011100 S POINTE DR # 2209Continuum$2,325,0002,122$2,200,000$1,037
7/19/2011110 WASHINGTON AV # 2217THE COSMOPOLITAN$549,9991,287$550,000$427
7/18/20116365 COLLINS AV # 1103AKOYA CONDO$950,0001,761$920,000$522
7/14/2011101 20 ST # 3006Setai$2,200,0001,316$1,900,000$1,444
7/14/2011400 S POINTE DR # 1009SOUTH POINTE TOWER COND I$779,9001,279$772,500$604
7/13/20116899 COLLINS AV # 810CANYON RANCH$590,0001,280$590,000$461
7/12/2011101 20 ST # 2801Setai$1,990,0001,198$1,700,000$1,419
7/8/2011300 S POINTE DR # 1501PORTOFINO TOWERS$1,690,0002,340$1,625,000$694

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Saturday, May 14, 2011
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Miami Beach's latest ultra-luxury condo sales are indicative of a segment of the Miami Beach real estate market that's made an incredible sales comeback in 2011.Miami Beach's waterfront condo market is on fire, especially for direct waterfront premier condominiums in the Apogee and Continuum condo buildings in Miami Beach's South of Fifth Neighborhood. In the past few weeks, we have seen South Beach Condo sales that approach the price points not seen since the real estate market high's prior to 2007.

Many high net worth and especially international buyers are seeking premier, contemporary, and direct waterfront luxury condos such as the twelve acre Continuum on South Beach and the Apogee condos in Miami Beach. The Continuum is a twelve acre direct Oceanfront resort-type condo with unrivaled amenities for residents and their guests. Apogee was built as a boutique condo building, in a premier location across from Fisher Island and "cruise ship alley" with each individual condominium the equivalent of an estate in the sky.

Particularly noteworthy are the premium prices that are being commanded for the larger, more unique ultra-luxury condominiums in these buildings. For example the Apogee Penthouse that closed on April 14, 2011, has two stories and over 6,800 S.F of living space, plus a private rooftop pool. This incredible one of a kind Estate in the Sky was marketed for over one year, and sold for an impressive $1,678/S.F. Also, the equally unique and beautiful combined 3604/03 condos at The Continuum South Beach, with panoramic views of the Atlantic Ocean, Downtown Miami, Fisher Island, and the City of Miami Beach sold for an incredible $1,643/ Square Ft. !

Apogee Miami Beach CondosContinuum Miami Condos

Continuum South Beach Condos

Below are the Continuum and Apogee Condominium closed sales from the past 60 days:

Continuum and Apogee Closed Condo Sales
Sale DateADDRESSMiami Beach CondoLiving AreaSales PricePrice / S.F.
4/18/2011800 S POINTE DR # PHAAPOGEE6,853 $ 11,500,000 $ 1,678
5/10/2011100 S POINTE DR # 3604-3Continuum South Tower6,438 $ 10,576,000 $ 1,643
5/3/201150 S POINTE DR # 801Continuum North Tower5,300 $ 6,500,000 $ 1,226
3/23/2011800 S POINTE DR # 1402Apogee3,103 $ 4,995,000 $ 1,610
5/10/2011100 S POINTE DR # 3207Continuum South Beach2,954 $ 4,000,000 $ 1,354
4/8/2011100 S POINTE DR # 3204Continuum2,508 $ 3,270,000 $ 1,304
4/30/2011100 S POINTE DR # 1104continuum on south beach2,292 $ 2,850,000 $ 1,243
4/12/201150 S POINTE DR # 3003CONTINUUM NORTH TOWER2,306 $ 2,700,000 $ 1,171
4/25/2011100 S POINTE DR # TH-15The Continuum2,072 $ 1,425,000 $ 688
4/19/2011100 S POINTE DR # 2401CONTINUUM ON SOUTH BEACH1,591 $ 1,350,000 $ 849
4/28/2011100 S POINTE DR # 1603CONTINUUM ON SOUTH BEACH1,365 $ 1,100,000 $ 806

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Saturday, April 30, 2011
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The past four months of miami beach condo sales have been impressive, continuing to buck national real estate trends. Miami Beach real estate, especially for premier condo buildings in South Beach's highly desired South of Fifth neighborhood, continues to be in strong demand.

As the Spring / Winter season in Miami Beach comes to an end, we are continuing to see strong buyer demand for premier waterfront homes and condos. Especially in the premier waterfront luxury condo buildings, such as The Murano at Portofino, Continuum North and South Towers, Icon South Beach, Apogee, and The Il Villagio demand is outpacing supply causing condo price appreciation!Further North, along Collins Avenue, premier Oceanfront buildings such as The Setai, The Bath Club, The Akoya, and The Blue and Green Diamond condo buildings have seen impressive sales momentum in the 2010 - 2011 selling season.

Indeed, overall Miami Beach condo sales have been SO strong, that we've had many frustrated Buyers decide to purchase condos which were further down on their list desired preferences / amenities. We've had several of our top clients decide to purchase waterfront condos in Miami Beach that require extensive remodelling, since they were outbid for the premier Miami Beach corner condos with direct Oceanfront and/or Biscayne Bay views.

The last ninety days of $1 Million + Waterfront Miami Beach Condo Sales for zip codes 33139 and 33140:

Past Ninety Days Sales Miami Beach Condos - $1 Million + (Waterfront)
Closing DateADDRESSMiami Beach Condo Living Area Sales Price
4/27/20111455 OCEAN DR # BH-06IL VILLAGGIO3,550 $ 3,025,000
4/26/20111000 S POINTE DR # 1705Murano at Portofino1,407 $ 1,250,000
4/4/2011400 ALTON RD # 3203MURANO GRANDE3,058 $ 2,021,000
4/19/2011400 ALTON RD # 703Murano Grande3,058 $ 1,620,000
3/4/20111000 S POINTE DR # 3702MURANO AT PORTOFINO2,618 $ 2,200,000
2/7/2011100 S POINTE DR # 1110Continuum South2,122 $ 1,900,000
4/20/20111445 16 # LP-1CAPRI SOUTH BEACH2,970 $ 2,500,000
4/27/20111500 OCEAN DR # 10011500 OCEAN DRIVE2,320 $ 2,745,000
2/9/2011101 20 ST # 2708The Setai1,141 $ 2,100,000
4/18/2011800 S POINTE DR # PHAAPOGEE6,853 $11,500,000
4/25/2011100 S POINTE DR # TH-15The Continuum2,072 $ 1,425,000
3/1/2011100 S POINTE DR # 1005Continuum South Tower1,869 $ 1,650,000
3/7/2011450 ALTON RD # 1205Icon South Beach1,750 $ 855,000
2/14/2011400 S POINTE DR # 1510SOUTH POINTE TOWER1,559 $ 975,000
3/9/20111455 OCEAN DR # 1406Il Villaggio Condominium1,780 $ 1,900,000
4/29/2011300 S POINTE DR # 1802PORTOFINO TOWERS2,040 $ 1,480,000
3/14/20112201 Collins Ave # 828W South Beach Residences1,906 $ 3,300,000
4/28/20111000 S POINTE DR # 3502Murano at Portofino2,618 $ 2,200,000
3/28/2011400 ALTON RD # 1704Murano Grande1,425 $ 1,050,000
3/7/2011300 S POINTE DR # 1101PORTOFINO TOWERS2,340 $ 1,625,000
4/15/20111455 OCEAN DR # 1407IL VILLAGGIO1,810 $ 2,050,000
2/28/2011400 ALTON RD # 2404MURANO GRANDE2,974 $ 1,950,000
4/3/2011101 20 ST # 2308The Setai Condominium2,558 $ 4,600,000
4/8/2011100 S POINTE DR # 3204Continuum2,508 $ 3,270,000
2/11/2011450 ALTON RD # 3210ICON1,370 $ 940,000
4/12/20111800 SUNSET HARBOUR DR # 2202/4Sunset Harbour South2,246 $ 1,100,000
3/2/20111445 16 # LPH-3CAPRI SOUTH BEACH1,919 $ 1,392,000
3/16/20111445 16 ST # BL-302CAPRI SOUTH BEACH1,842 $ 1,680,000
4/15/20111470 16 ST # C301CAPRI SOUTH BEACH1,974 $ 1,925,000
3/2/20111100 WEST AV # TS-1Mondrian South Beach1,500 $ 1,395,000
3/23/2011800 S POINTE DR # 1402Apogee3,103 $ 4,995,000
2/25/20111000 S POINTE DR # 3002Murano at Portofino2,618 $ 1,880,000
3/18/2011450 ALTON RD # 3001ICON South Beach2,145 $ 1,800,000
3/5/20111000 S POINTE DR # 3102MURANO AT PORTOFINO2,618 $ 2,250,000
3/8/2011101 20 ST # 1701The Setai3,691 $ 3,950,000
2/22/2011100 S POINTE DR # 2901Continuum South Tower1,591 $ 1,550,000
2/22/2011400 ALTON RD # 2308Murano Grande1,600 $ 1,200,000
4/4/2011400 ALTON RD # 2208Murano Grande1,600 $ 1,200,000
4/14/2011400 ALTON RD # 2306Murano Grande2,024 $ 1,485,000
2/9/2011450 ALTON RD # 2002THE ICON1,933 $ 1,050,000
2/2/2011100 S POINTE DR # 1705Continuum1,869 $ 1,500,000
3/30/2011450 ALTON RD # 1502ICON South Beach1,933 $ 1,105,000
4/14/20111800 SUNSET HARBOUR DR # 1202/4Sunset Harbour South2,246 $ 1,125,000
3/10/2011300 S POINTE DR # 1605PORTOFINO2,340 $ 1,400,000
3/23/2011300 S POINTE DR # 3703PORTOFINO TOWERS2,550 $ 1,600,000
4/12/201150 S POINTE DR # 3003CONTINUUM NORTH TOWER2,306 $ 2,700,000
3/11/2011400 ALTON RD # 1904Murano Grande1,425 $ 1,025,000
3/18/20111500 OCEAN DR # 4051500 OCEAN DRIVE1,530 $ 1,040,000
4/19/2011100 S POINTE DR # 2401CONTINUUM ON SOUTH BEACH1,591 $ 1,350,000
3/23/2011450 ALTON RD # 3502ICON Condo1,933 $ 1,470,000
3/17/20111500 OCEAN DR # PH-81500 Ocean Drive1,170 $ 975,000
4/28/2011100 S POINTE DR # 1603CONTINUUM ON SOUTH BEACH1,365 $ 1,100,000
4/1/20116365 COLLINS AV # 2103AKOYA CONDOMINIUM1,761 $ 935,000
2/18/20115959 COLLINS AV # 705THE BATH CLUB3,807 $ 1,800,000
3/3/20114391 Collins # 722723Fontainebleau IIISorrento1,742 $ 980,000
2/25/20113737 COLLINS AV # S-502Caribbean2,326 $ 1,475,000
2/16/20115959 COLLINS AV # 802The Bath Club2,572 $ 1,400,000
3/22/20114775 COLLINS AV # 2503GREEN DIAMOND1,980 $ 1,295,000
4/28/20113737 COLLINS AV # S-1303The Caribbean1,621 $ 975,000
4/20/20115959 COLLINS AV # 607THE BATHCLUB CONDO2,959 $ 1,000,000

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Friday, March 25, 2011
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This past week, I had the opportunity to work with well qualified (cash) buyers looking to purchase a waterfront two bedroom condominium in Miami Beach's South of Fifth neighborhood. These specific clients have been looking for just the "right" deal and have had approximately eight of their top choices sold in the past three months. Their budget is in from $1 Million to $1.5 Million, and six months ago their were quite a few choices in the Portofino Tower, The Continuum North and South Towers, the Murano at Portofino, The Murano Grande and Icon with direct water views. Today, the choices at Icon and The Murano Grande are very limited, and practically non-existent in this price range (with water views) at The Continuum Condos on South Beach and at The Murano at Portofino. The Portofino Tower still has a few distressed units available, but only on the less desireable lower floors with very limited views of Miami Beach.

These clients have now widened their criteria, and today they told me that they've grown tired of "chasing the market". This is the first time, in a long time, that I've heard this term applied in a way that demonstrates a market that is challenging for BUYERS.

The Last 90 Days of Closed Sales - South Beach Waterfront Condominiums:


Miami Beach Waterfront Condomimium Closed Sales
Closing DateADDRESSCondo BuildingSquare Ft.LP$/SqFtSales Price
3/23/2011520 WEST AV # 1102THE BENTLEY BAY CONDO1,499 $ 400 $ 500,000
12/28/201050 S POINTE DR # 804Continuum II1,491 $ 801 $ 1,145,000
3/4/20111000 S POINTE DR # 3702MURANO AT PORTOFINO2,618 $ 936 $ 2,200,000
3/7/20111000 S POINTE DR # 408Murano At Portofino1,791 $ 502 $ 830,000
3/24/20111000 S POINTE DR # 1206MURANO AT PORTOFINO1,006 $ 790 $ 650,000
1/28/2011400 ALTON RD # LPH11MURANO GRANDE1,649 $ 603 $ 912,500
2/7/2011100 S POINTE DR # 1110Continuum South2,122 $ 966 $ 1,900,000
3/17/2011400 ALTON RD # 905MURANO GRANDE1,400 $ 400 $ 505,000
3/16/201150 S POINTE DR # 504Continuum North Tower747 $ 669 $ 470,000
3/1/2011100 S POINTE DR # 1005Continuum South Tower1,869 $ 960 $ 1,650,000
2/14/2011400 S POINTE DR # 1510SOUTH POINTE TOWER1,559 $ 767 $ 975,000
1/16/2011100 S POINTE DR # 1007CONTINUUM ON SOUTH BEACH1,870 $ 1,203 $ 1,999,000
1/21/20111000 S POINTE DR # 705Murano@Portofino1,407 $ 853 $ 1,075,000
3/18/2011400 S POINTE DR # 1107south pointe towers condo858 $ 641 $ 525,000
12/29/2010450 ALTON RD # 3405ICON3,094 $ 646 $ 1,700,000
1/12/2011450 ALTON RD # 1201ICON South Beach2,145 $ 744 $ 1,465,000
1/24/2011450 ALTON RD # 1006ICON CONDO1,452 $ 406 $ 590,000
3/14/20111000 S POINTE DR # 405MURANO AT PORTOFINO 1,407 $ 888 $ 900,000
3/7/2011300 S POINTE DR # 1101PORTOFINO TOWERS2,340 $ 724 $ 1,625,000
2/28/2011400 ALTON RD # 2404MURANO GRANDE2,974 $ 657 $ 1,950,000
2/9/2011400 ALTON RD # 611MURANO GRANDE1,649 $ 382 $ 600,000
1/14/201150 S POINTE DR # 1604Continuum North1,491 $ 888 $ 1,260,000
2/11/2011450 ALTON RD # 3210ICON1,370 $ 766 $ 940,000
3/10/201190 ALTON RD # 2009YACHT CLUB AT PORTOFINO1,080 $ 505 $ 500,000
1/26/2011200 OCEAN DR # 7E200 OCEAN DR1,240 $ 935 $ 1,040,000
1/3/2011300 S POINTE DR # 603PORTOFINO TOWERS2,340 $ 391 $ 905,000
3/2/20111100 WEST AV # TS-1Mondrian South Beach1,500 $ 1,130 $ 1,395,000
3/23/2011800 S POINTE DR # 1402Apogee3,103 $ 1,724 $ 4,995,000
2/25/20111000 S POINTE DR # 3002Murano at Portofino2,618 $ 877 $ 1,880,000
1/5/2011400 S POINTE DR # 2104South Pointe Tower1,802 $ 663 $ 925,000
1/4/2011100 S POINTE DR # 1002Continuum on south Beach1,201 $ 812 $ 930,000
3/18/2011450 ALTON RD # 3001ICON South Beach2,145 $ 932 $ 1,800,000
3/5/20111000 S POINTE DR # 3102MURANO AT PORTOFINO2,618 $ 951 $ 2,250,000
3/3/20111100 WEST AV # 1414The Mondrian750 $ 799 $ 510,000
2/22/2011100 S POINTE DR # 2901Continuum South Tower1,591 $ 1,003 $ 1,550,000
2/22/2011400 ALTON RD # 2308Murano Grande1,600 $ 813 $ 1,200,000
2/9/2011450 ALTON RD # 2002THE ICON1,933 $ 543 $ 1,050,000
2/2/2011100 S POINTE DR # 1705Continuum1,869 $ 843 $ 1,500,000
3/18/2011450 ALTON RD # 3306ICON CONDO1,452 $ 434 $ 655,000
3/10/2011300 S POINTE DR # 1605PORTOFINO2,340 $ 639 $ 1,400,000
3/11/2011400 ALTON RD # 1904Murano Grande1,425 $ 772 $ 1,025,000
3/23/2011450 ALTON RD # 3502ICON Condo1,933 $ 822 $ 1,470,000

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Thursday, March 10, 2011
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In the past ninety days, sales of waterfront Miami Beach Homes and Condos have seen impressive activity. Miami Beach’s real estate market is very active, especially when waterfront properties are priced right. As always, especially since the real estate market turned in late 2007 to today’s waterfront homeowners is to price your property right- from the beginning of the sales process. Also, it’s critical that owners in the highly sought after waterfront condo buildings South of Fifth Street- such as The Murano at Portofino, The Continuum on South Beach, The Portofino Tower, Apogee, Icon South Beach, and The Murano Grande work with professional, responsible, and experienced sales agents that understand the Miami Beach real estate market. Today's listing agent needs to have a comprehensive marketing plan for homesellers, one that goes far beyond just listing a property on the multiple listing service.

NOTICE to condominium owners in South Beach luxury waterfront buildings- I have represented many high net worth buyers that have purchased in the above referenced condo buildings recently. I continue to be shocked by the overall lack of professionalism, inattention to detail, overall sloppiness, and poor representation that many of these Miami Beach condo sellers are enduring. Unfortunately, this lack of professionalism (and non-existent marketing) ends up costing these Miami Beach condominium owners dearly. Not only do these condos sit on the active market for far too long, but the purchase prices undoubtedly end up being far lower. The usual end result is that the listing agent urges the owner to reduce the price due to a "lack of interest" from qualified buyers.

The vast majority of today’s buyers are high net worth individuals, ALL of whom are looking to get a reasonable deal and expect a minimal level of service and professionalism from the agents that they work with. Today’s Miami Beach real estate buyers, whether looking to spend $500,000 or $5,000,000 + are well informed, well qualified, and with substantial liquid cash reserves. This means that owners have to cater to this limited supply of well qualified (and mostly cash) buyers.

South Beach Condos and Homes- Miami Beach Real Estate

The Latest Miami Beach Condos & Homes Sales for zip codes 33139, 33140, and 33141:

Latest 151 Miami Beach Home and Condominium Sales
Closed DateADDRESSProperty NameLiving AreaSold Price
2/7/201150 S Pointe Dr. # 1805Continuum North Tower16981,300,000
12/13/20101000 S POINTE DR # 3101MURANO AT PORTOFINO33652,880,000
12/28/201050 S POINTE DR # 804Continuum II14911,145,000
1/21/2011101 20 ST # 3603SETAI RESORT & RESIDENCES17432,600,000
1/26/20111500 OCEAN DR # 7061500 Ocean drive1530975,000
12/27/2010450 ALTON RD # 2805ICON AT PORTOFINO1750920,000
3/4/20111000 S POINTE DR # 3702MURANO AT PORTOFINO26182,200,000
3/7/20111000 S POINTE DR # 408Murano At Portofino1791830,000
12/19/2010400 ALTON RD # PH-10Murano Grande At Portofin15481,080,000
12/14/2010101 20 ST # 2206The Setai13161,800,000
12/14/20101455 OCEAN DR # BH-5IL VILLAGGIO32803,800,000
12/17/20101000 S POINTE DR # 2401MURANO AT PORTOFINO33823,100,000
1/28/2011400 ALTON RD # LPH11MURANO GRANDE1649912,500
12/21/201050 S POINTE DR # 803CONTINUUM NORTH TOWER14911,200,000
12/28/2010100 S POINTE DR # 2709Continuum On South Beach21221,900,000
2/7/2011100 S POINTE DR # 1110Continuum South21221,900,000
3/2/2011100 LINCOLN RD # 545/47Decoplage1720725,000
12/23/20101000 S POINTE DR # 1104Murano @ Portofino21901,550,000
2/9/2011101 20 ST # 2708The Setai11412,100,000
1/31/2011100 JEFFERSON AV # 10011THE COURTS AT SOUTH BEACH2440770,000
12/17/20101500 OCEAN DR # PH-041500 OCEAN DRIVE CONDO17401,450,000
3/1/2011100 S POINTE DR # 1005Continuum South Tower18691,650,000
3/7/2011450 ALTON RD # 1205Icon South Beach1750855,000
2/14/2011400 S POINTE DR # 1510SOUTH POINTE TOWER1559975,000
1/16/2011100 S POINTE DR # 1007CONTINUUM ON SOUTH BEACH18701,999,000
12/16/2010450 ALTON RD # 1801ICON CONDOMINIUM43031,800,000
12/8/20101470 16 STREET # C201Capri South Beach19741,850,000
1/21/20111000 S POINTE DR # 705Murano@Portofino14071,075,000
12/8/2010400 ALTON RD # 2503Murano Grande30582,300,000
3/8/2011100 LINCOLN RD # 448THE DECOPLAGE1190619,000
12/29/2010450 ALTON RD # 3405ICON30941,700,000
1/27/20112201 Collins Ave # 1204W South Beach Residences17292,500,000
3/2/20112201 Collins Ave # 1211W South Beach Residences12871,237,000
12/23/20102201 Collins Ave # 523W South Beach Residences574630,000
12/16/20101800 SUNSET HARBOUR DR # 2012Sunset Harbour South1900825,000
1/12/2011450 ALTON RD # 1201ICON South Beach21451,465,000
12/21/20101500 OCEAN DR # 9011500 OCEAN DRIVE23202,700,000
1/10/2011650 WEST AV # PH14The Floridian2102672,000
3/7/2011300 S POINTE DR # 1101PORTOFINO TOWERS23401,625,000
2/28/2011400 ALTON RD # 2404MURANO GRANDE29741,950,000
12/21/2010101 20 ST # 2905THE SETAI RESORT821950,000
12/23/2010101 20 ST # 2304Setai11411,026,000
12/29/2010400 S POINTE DR # 1404SOUTH POINTE TOWERS1802845,000
12/17/2010450 ALTON RD # 2302THE ICON1933900,000
1/14/201150 S POINTE DR # 1604Continuum North14911,260,000
2/11/2011450 ALTON RD # 3210ICON1370940,000
1/6/2011100 S POINTE DR # 1601CONTINUUM15911,280,000
12/18/2010100 S POINTE DR # 809CONTINUUM ON SOUTH BEACH15951,500,000
1/26/2011200 OCEAN DR # 7E200 OCEAN DR12401,040,000
12/17/2010400 S POINTE DR # 1603SOUTH POINTE TOWER1271960,000
3/2/20111445 16 # LPH-3CAPRI SOUTH BEACH19191,392,000
12/17/2010400 ALTON RD # 2003Murano Grande30581,960,000
1/3/2011300 S POINTE DR # 603PORTOFINO TOWERS2340905,000
3/2/20111100 WEST AV # TS-1Mondrian South Beach15001,395,000
2/25/20111000 S POINTE DR # 3002Murano at Portofino26181,880,000
1/5/2011400 S POINTE DR # 2104South Pointe Tower1802925,000
1/4/2011100 S POINTE DR # 1002Continuum on south Beach1201930,000
12/21/2010101 20 ST # 2702SETAI12131,425,000
3/5/20111000 S POINTE DR # 3102MURANO AT PORTOFINO26182,250,000
12/17/20101500 OCEAN DR # 11051500 Ocean Drive15301,260,000
12/13/201050 S POINTE DR # 1502/3CONTINUUM NORTH TOWER34974,400,000
3/1/20111000 VENETIAN WY # 1501One Thousand Venetian Way1830745,000
2/22/2011100 S POINTE DR # 2901Continuum South Tower15911,550,000
2/22/2011400 ALTON RD # 2308Murano Grande16001,200,000
12/31/20101445 16 ST # B301CAPRI1128910,000
12/31/20101470 16 STREET # C401CAPRI SOUTH BEACH19781,758,000
12/31/20101445 16 STREET # B902CAPRI18421,670,000
2/9/2011450 ALTON RD # 2002THE ICON19331,050,000
2/2/2011100 S POINTE DR # 1705Continuum18691,500,000
3/1/20112201 Collins Ave # 1209W South Beach8361,330,900
3/1/20112201 Collins Ave # 1714W South Beach Residences11511,710,000
3/1/20112201 Collins Ave # 1219W South Beach Residences11511,325,000
3/1/20112201 Collins Ave # 1220W South Beach Residences574861,000
3/1/20112201 Collins Ave # 1203W South Beach Residences574695,000
3/1/20112201 Collins Ave. # 730W South Beach556785,000
3/2/20112201 Collins Ave # 1611W South Beach Residences12871,325,000
3/2/20112201 Collins Ave # 1207`W South Beach Residences574688,000
3/2/20112201 Collins Ave # 1107W South Beach Residences574650,000
3/2/20112201 Collins Ave # 628W South Beach Residences19063,000,000
3/2/20112201 Collins Ave # 1511W South Beach Residences12871,400,000
3/2/20112201 Collins Ave # UPH1W South Beach Residences27526,200,000
3/2/20112201 Collins Ave # 1111W South Beach Residences12871,200,000
12/15/20104441 COLLINS AV # 2111FONTAINEBLEAU II/ TRESOR1002600,000
1/5/20114441 COLLINS AV # 2705FONTAINEBLEAU II/ TRESOR1002639,000
12/17/20104775 COLLINS AV # 2003GREEN DIAMOND19801,100,000
1/5/20115959 COLLINS AV # 2006Bath Club41354,260,000
2/18/20115959 COLLINS AV # 705THE BATH CLUB38071,800,000
2/28/20113801 COLLINS AV # 1905MOSAIC ON MIAMI BEACH1525775,000
12/15/20104775 COLLINS AV # PH4203GREEN DIAMOND19401,650,000
3/3/20114391 Collins # 722723Fontainebleau IIISorrento1742980,000
2/25/20113737 COLLINS AV # S-502Caribbean23261,475,000
2/16/20115959 COLLINS AV # 802The Bath Club25721,400,000
3/1/20114779 COLLINS AV # 3607Blue Diamond Condo1380770,000
2/16/20113801 COLLINS AV # 2005Mosaic0681,000
3/3/20116000 Collins Avenue # 548Terra Beachside2049850,000
3/3/20116000 Collins Avenue # 502Terra Beachside2049687,000
3/3/20116000 Collins Avenue # 542Terra Beachside2049687,000
12/27/20104775 COLLINS AV # 1102GREEN DIAMOND1530855,000
1/26/20115875 COLLINS AVE # 908Mei Condominium1817890,000
3/8/20114779 COLLINS AV # 802Blue Diamond1530800,000
12/23/20105959 COLLINS AV # 1603The Bath Club36402,500,000
12/9/20105959 COLLINS AV # 1405The Bath Club38072,450,000
12/20/20104779 COLLINS AV # 2403Blue Diamond2010920,000
1/25/20114775 COLLINS AV # 3307Green Diamond0685,000
3/2/20114779 COLLINS AV # 4007Blue Diamond1380742,500
2/8/20116103 AQUA AV # 1002Aqua Allison Island1755590,000
1/31/20117330 OCEAN TE # 21-AST. TROPEZ1680620,000
1/19/20116365 COLLINS AV # 2803AKOYA1761900,000
2/16/2011213 ZOE WY # 213Aqua Allison Island37831,140,000
12/31/20102301 N BAY RDMiami Beach Home47711,450,000
1/11/2011108 2 DI LIDO TERRMiami Beach Home1664795,000
2/2/20112128 N BAY RDMiami Beach Home56824,400,000
3/4/20111429 N VENETIAN WYMiami Beach Home135695,500,000
1/25/20111240 S BISCAYNE POINT RDMiami Beach Home2467595,000
2/8/2011521 W DILIDO DRMiami Beach Home2656705,000
1/11/2011106 W 4 CTMiami Beach Home1805649,000
12/29/20101707 CLEVELAND RDMiami Beach Home28761,300,000
12/30/20105601 ALTON RDMiami Beach Home2700935,000
1/17/20111155 N SHORE DRMiami Beach Home27911,560,000
1/14/20116675 SHEFFIELD LNMiami Beach Home39712,700,000
12/13/20102806 PRAIRIE AVMiami Beach Home5049825,000
12/20/2010100 E RIVO ALTO DRMiami Beach Home3395725,000
12/23/20105223 PINETREE DRMiami Beach Home49901,600,000
12/28/2010226 W RIVO ALTO DRMiami Beach Home32501,800,000
1/14/20114425 N MICHIGAN AVMiami Beach Home3254650,000
2/1/20112801 FAIRGREEN DRMiami Beach Home3203678,000
2/14/20112687 FLAMINGO DRMiami Beach Home46652,350,000
2/28/20111201 N VENETIAN WYMiami Beach Home133821,100,000
2/9/2011115 3RD SAN MARINO TERR # IMiami Beach Home1797650,000
12/31/20103131 N BAY RDMiami Beach Home2517690,000
3/2/20112444 PRAIRIE AVMiami Beach Home2523752,900
2/16/20111215 N BISCAYNE POINT RDMiami Beach Home36641,000,400
1/10/20111370 STILLWATER DRMiami Beach Home2405650,000
1/16/20113458 CHASE AVMiami Beach Home42961,300,000
2/11/2011925 STILLWATER DRMiami Beach Home2141700,000
12/8/2010217 PALM AVMiami Beach Home1893895,000
12/28/2010833 W 46 STMiami Beach Home3214692,000
12/23/2010737 W 49 STMiami Beach Home2724900,000
3/8/20113001 PINETREE DRMiami Beach Home45341,750,000
2/28/2011420 W RIVO ALTO DRMiami Beach Home37012,300,000
1/12/20111300 STILLWATER DRMiami Beach Home47401,150,000
2/16/2011441 E RIVO ALTO DRMiami Beach Home28712,650,000
2/11/20115240 N BAY RDMiami Beach Home49153,862,000
12/22/20104421 SHERIDAN AVMiami Beach Home2597785,000
2/19/20111501 STILLWATER DRMiami Beach Home1765650,000
1/5/20116060 LA GORCE DRMiami Beach Home2981700,000
1/24/20111561 STILLWATER DRMiami Beach Home23101,050,000
12/8/20104343 N BAY RDMiami Beach Home38811,225,000
3/3/20113767 ROYAL PALM AVMiami Beach Home2759745,000
3/2/2011114 3RD DILIDO TEMiami Beach Home25231,400,000

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Tuesday, March 1, 2011
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The Continuum on South Beach South Tower condo building was completed in 2001. This is THE premier location Condominium Building in all of Miami Beach, especially in the much coveted and fashionable South of Fifth Neighborhood. What many of today's potential buyers may not know is that the Developer of The Continuum, Mr. Bruce Eichner, had a few construction issues related to some of the finish work that was performed by various sub-contractors at the time of original construction i 2001.None of these were considered structural or major, but have been a minor nuisance to condo owners and residents over the past few years. The most serious problems have dealt with water leaks (long since resolved) and some of the sliding glass doors not opening and closing correctly.

After a long and protracted process between The Continuum South Tower Board of Directors and The Developer, the Continuum South Tower Condo Association has finally resolved all remaining original construction issues. Also, as part of this resolution, the South Tower Condominium Association has now undertaken a much needed facelift to the Continuum South lobby and common areas. The new Continuum South Tower lobby will be one of the most beautiful and luxurious contemporary condo buildings in all of South Beach.

Below are a few pictures and renderings of this spectacular and well designed renovation, which is being overseen by Pepe Calderin Design. This is an architecture and interior design firm with over 20 years of experience, and is known as one of the best design firms for Miami Beach Real Estate. All of these renovations and improvements will keep the Continuum South Tower as the premier condo building in Miami Beach's ultra luxury condo market.

Continuum Miami Beach Condo South Tower Lobby

Continuum Condos Miami Beach South Lobby

South of Fifth Miami Beach Condominium

180 Day Miami Beach Continuum South Tower Condo Sales :

Continuum South Beach Six Month Sales
Sale DateContinuum South Beach South TowerAsking PriceLiving AreaSales Price
9/22/2010100 S POINTE DR # 1804 $ 8,395,0004,161 $6,750,000
10/11/2010100 S POINTE DR # 2805 $ 3,800,0002,847 $3,150,000
10/14/2010100 S POINTE DR # 2006 $ 3,850,0002,508 $2,900,000
10/14/2010100 S POINTE DR # 2007 $ 1,995,0001,870 $1,400,000
11/15/2010100 S POINTE DR # 1801 $ 1,595,0001,591 $1,300,000
11/1/2010100 S POINTE DR # 1003 $ 929,0001,365 $ 865,000
12/28/2010100 S POINTE DR # 2709 $ 2,395,0002,122 $ 1,900,000
2/7/2011100 S POINTE DR # 1110 $ 2,050,0002,122 $ 1,900,000
9/24/2010100 S POINTE DR # TH-15 $ 1,425,000 2,072 Pending Sale
3/1/2011100 S POINTE DR # 1005 $ 1,795,0001,869 $1,650,000
1/16/2011100 S POINTE DR # 1007 $ 2,250,0001,870 $1,999,000
11/17/2010100 S POINTE DR # 2010 $ 1,550,0002,122 $1,450,000
2/24/2011100 S POINTE DR # 3204 $ 3,750,000 2,508 Pending Sale
1/6/2011100 S POINTE DR # 1601 $ 1,300,0001,591 $1,280,000
12/18/2010100 S POINTE DR # 809 $ 1,600,0001,595 $ 1,500,000
1/4/2011100 S POINTE DR # 1002 $ 975,0001,201 $ 930,000
2/22/2011100 S POINTE DR # 2901 $ 1,595,0001,591 $ 1,550,000
2/2/2011100 S POINTE DR # 1705 $ 1,575,0001,869 $ 1,500,000

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