Miami Dade Condo sells for a record breaking $25 Million

A new record blows local condo sales out of the water in Miami Beach. The three-story penthouse with 25-foot ceilings and a private pool broke the nationwide record for condos. The 7,000+ square foot South Beach penthouse has five bedrooms, 7.5 baths, breathtaking ocean and city views, and stretches from the 40th to the 42nd story of the Continuum at 100 South Pointe Drive.

“It’s basically a glass box in the sky” said Khashy Eyn of Platinum Properties, which represented the seller. The record surpassed the $21.5 million condo sold in January for a penthouse at the Setai in Miami Beach. The buyer (all we know is he’s Italian) plans on ripping everything out and spending $2 million to finish it. Funny thing is, the condo wasn’t even on the market when the buyer asked to see it. He specifically asked for a unit with high ceilings.

To read the full article: http://www.miamiherald.com/2012/05/24/2816054/miami-beach-condo-sells-for-record.html

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