November 19, 2012
We are close to the end of 2012, and we have seen some of the highest prices ever paid for luxury oceanfront condominiums in Miami, at least in recent years.
One luxury unit that stands out is a luxury oceanfront penthouse located at The Continuum condominium tower on Miami Beach that sold for 25 million dollars.
According to the Miami Herald, the penthouse set a new record for sale prices in Miami, exceeding the 21.5 million dollars spent for a luxury penthouse at the Setai condominium tower in Miami Beach.
This exquisite three story luxury oceanfront penthouse has 25-foot ceilings, 5 bedrooms, 7 ½ bathrooms, a private pool and magnificent ocean and city views.
The penthouse was last sold in 2009 for 9.9 million dollars. The new buyer plans on ripping everything out and spending about $2 million in renovations. This luxury penthouse was recently rented by singer Mary J. Blige for a photo shoot promoting her new perfume called, My Life.
Source: The Miami Herald
