Thursday, May 24, 2012

Italian buyer pays record $25M for a Miami condo


A triplex penthouse at the Continuum in South Beach has sold for $25 million to an Italian buyer.  The deal, which closed May 18, is a record for a Miami condominium. Alex Birkenstock, whose family controls the Birkenstock shoe company, was the seller. The previous record was $21.5 million for a penthouse at the Setai South Beach which was sold by Netscape founder Jim Clark.

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