Oceanfront Condo At Continuum South Beach Closes For Record $2,400 Per Foot At $4.2 Million

Unit 2607 at Continuum South Beach has sold for a record setting highest price per square foot paid for a 2 bedroom unit. Dina Goldentayer of Douglas Elliman represented the seller, Never Again Ventures, LLC in the $4.2 million transaction which sold to a buyer from Connecticut for $2,400 per foot. Designed by a top NYC interior design firm using only the best materials throughout, this direct oceanfront unit was completely gutted and rebuilt, including new plumbing, HVAC, and electrical systems. This 1,800 SF 2 bedroom 2.5 bathroom residence features 9" wide white oak flooring, custom Boffi kitchen & baths, fully detailed Poliform closets, digital automation powered by Savant Home and Lutron Lighting. The master bath, clad in slabs of Statuary Extra marble is a work of art that will leave you speechless. Direct ocean views encompass the unit from terrace access in each room . The prestigious Continuum compound offers resort-style amenities including two lagoon pools, lap pool, full-service beach club, 3 tennis courts, three-story fitness center, oceanfront restaurant, valet, and a completely private and secured 13 acre setting. The unit was first listed for $4.395 million.

Pininfarina Wins Red Dot Award For Design Concept of 2019 For Pininfarina Bus Shelters For City Of Miami Beach

Internationally-renowned Italian design studio Pininfarina has received the Red Dot Award for Design Concept of 2019 with their Pininfarina Bus Shelter for the City of Miami Beach. Seeking to enhance the transit experience and improve the quality of existing architecture and functionality, the City of Miami Beach proposed to adopt a new bus shelter design for city commuters, with the City Commission unanimously selecting Pininfarina’s boundary-pushing concept design as the winning bid. Beginning in 2005, The Red Dot Awards recognized the need to identify and celebrate new design concepts and innovations, the precursors of tomorrow’s great products.

“We are delighted to receive this award for the City of Miami Beach,” said Paolo Trevisan, Head of Design for Pininfarina of America. “Our bus shelter system is the solution to the City of Miami Beach’s transportation needs, and we’re honored to be part of the evolution of the city’s identity.” 

Drawing inspiration from the City of Miami Beach’s playful, dynamic and energetic atmosphere, Pininfarina’s shelter design is inspired by natural shapes and a color palette that captures the vibrant personality of Miami Beach. The bus shelters feature innovative modular designs and contemporary technology that highlight Pininfarina’s goal of creating a modern, airy, accessible and comfortable user experience, where beauty is never sacrificed for functionality. The bus shelters feature state-of-the-art technology and amenities that enhance the passenger experience, key design highlights include a solar panel system, estimated bus and trolley arrival signs, passenger security systems, and a tempered glass frame with additional awning to protect customers from the elements. 

“Our bus shelters will display the highest design quality and functionality,” expressed Dan Gelber, Miami Beach Mayor. “This prestigious award represents the ultimate seal of approval when it comes to an exquisite design, enhancing our Miami Beach brand worldwide.” 

“If cities are to increase public transit ridership, its leaders must strive to improve every aspect of the experience,” added Ricky Arriola, Miami Beach Vice-Mayor. “Pininfarina’s iconic bus shelter design contributes to our mission of sustainability by taking what is typically a drab infrastructure afterthought and transforming it into a functional, artistic masterpiece that will entrance drivers away from their pollutive commutes.” 

Design By Daniel Buren For South Beach’s New Pedestrian Bridge Over 5th Street Revealed

Russell Galbut and David Martin have revealed the chosen design for Miami Beach’s new pedestrian bridge at 5th Street which will serve as the gateway to South Beach. The winning design is by French artist Daniel Buren and features a colorful tube of transparent glass panels offering views of Biscayne Bay. Commissioners unanimously voted for the design which will go before the Design Review Board in September 2019. The bridge will connect the South Pointe Park baywalk with the new Park on Fifth which is part of Galbut and Martin’s proposal to transform the former South Shore Hospital site with a tower, which is being designed by Arquitectonica, and a 3-acre park. When complete the tower will rise 44-stories, offering 410 luxury units which the developer will be allowed to rent as short term rentals with a minimum term of 30 days per rental. Bridge construction will be funded by a $10 million General Obligation Bond which voters approved in November 2018. Construction could begin before the end of the year based on approval by the Design Review Board.

Lil Pump Drops $4.6 Million On LF Development's 1510 Bay Drive On Miami Beach

Rapper Lil Pump has dropped $4.89 million on LF Development’s project at 1510 Bay Dr. Miami Beach, FL which was completed in April and listed with Luis Dominguez and Karl Hueck of Douglas Elliman. According to the deed filed last Wednesday, Gazzy Garcia also known as rapper “Lil Pump” known for his “Gucci Gang” song is the buyer of the Miami Beach home represented by Luisa Taylor of The Agency Collective. LF Development is the same development company behind the Miami Beach property sold to Hassan Whiteside of the Miami Heat.

Located on Bay Drive in Miami Beach the 5,100 SF home features 5 bedrooms and 7bathrooms overlooking Biscayne bay views and includes a 3rd floor rooftop terrace with sunset views located on Normandy Island. The home features luxurious textures, exceptional finishes and one-of a-kind design bringing soul to the open living space. Outside offers a a completed automated LED lit pool and spa with stunning landscaping inspired by Raymond Jungles.

Related Group Reveals Arquitectonica-Designed One Island Park On Miami Beach's Terminal Island

Related Group has revealed a first look at the Arquitectonica-designed One Island Park on Miami Beach’s Terminal Island. The developer is moving ahead with the approval process to bring 90 ultra-luxury condominiums via a zoning change in addition to a 50,000 SF city fleet maintenance and sanitation facility at no cost to tax payers. The City of Miami Beach Commission voted to refer the proposal to Miami Beach’s Land Use and Development Committee for review.

Waterfront Estate On Miami Beach's Flamingo Drive Owned By Designer Jean-Louis Deniot Sells For Record $7.5 Million

A mid-century waterfront home on Miami Beach’s famed Flamingo Drive, owned and completely redesigned by renowned French architect and interior designer Jean-Louis Deniot, has sold for $7.5 million. The sale represents a record as the highest price-per-square-foot paid for a single-family residence on the Flamingo Drive enclave. The 5-bedroom, 5-bath residence, 2979 Flamingo Drive, features 4,779 SF of adjusted area and 5,881 SF of total area. The sale was overseen by EWM’s Nelson Gonzalez.

“Today’s sale is yet another indication of the traction that continues to build within our prime property market and its unmistakable appeal among buyers worldwide,” said Gonzalez. “This home is a jewel in Miami Beach -- one that has been well-documented internationally for its jaw-dropping designs. Savvy buyers know that an opportunity to own a property of this caliber, in one of the globe’s most sought-after locations, cannot be overlooked.”

Deniot, who has been featured on Architectural Digest’s AD100 list of the world’s best interior designers and architects, completely redesigned the home in 2016 to reflect its original mid-century modern architecture. The two-year renovation process yielded a stunning end-result, marked by a bevy of fine finishes and artful accents. Custom terrazzo floors were poured throughout the interiors and exteriors to give the space a feel of endless fluidity, as well as a seamless indoor-outdoor connection.

Past the grand entryway are multiple open spaces, including a sunken living room with soaring 14-foot vaulted ceilings. The eat-in-style kitchen, which is adjacent to the dining area, has Wolf and SubZero appliances, marble countertops, and a breakfast area overlooking the pool. High-end finishes and features include custom marble sinks in all baths, Kallista, Dornbracht, and Waterworks fixtures, custom-made closets with fine metallic finishes and concealed LED lighting, high-gloss grey lacquer coated interior doors, Lutron and LED lighting, a Sonos music system, and a state-of-the-art security camera system. Outside, the resort-like backyard is fully equipped with a TV projector, 15-foot marble bar and grill, large heated pool, a new dock and seawall, and a waterfront lounge area with sweeping views. The home, which is gated, also has two carport spaces.

MultiplanREAM's 57 Ocean Reveals Ten Sky Residences Including Exclusive Penthouse Duplex

MultiplanREAM has revealed 10 Sky Residences which are being added to 57 Ocean as the developer is reconfiguring the building’s design to make way for bigger, more expensive units. The shift is to address the high demand from East Coast buyers, bringing the unit count to 71 units, and comes about a month after the project broke ground. MultiplanREAM’s founder, José Isaac Peres, has reiterated, “supply does not drive demand. Product does.”

The Sky Residences, which start at $6.95 million, have a flow-through design and offer more than 5,000 SF of indoor/outdoor living space. Each residences features four bedrooms, five and a half baths, a family room, and 12’-deep terraces facing both the city and the ocean. High-net-worth-buyers have been snatching up 57 Ocean’s existing Sky Residences, with 50% of the original collection having sold since sales launched in October 2018. MultiplanREAM anticipates continued strong sales and demand for these larger homes, which specifically appeal to well-heeled end-users who are seeking a single-family-style home in a brand-new beachfront condominium.

Multiplan REAM also revealed 57 Ocean’s exclusive “Penthouse Duplex.” Penthouses at 57 Ocean range from $15 million to $35 million. The massive “Penthouse Duplex” is a glass house in the sky and the ultimate customizable penthouse offering flexibility in terms of its size. The developer currently has the option of combining the two existing penthouses into one show-stopping, 360-degree top-floor estate, or expanding either or both of those penthouses into the floor below, which is what the Duplex would accomplish. Since the project is self-financed by Peres, more can be done upfront to suit the needs of discerning buyers.

57 Ocean is designed by Bernardo Fort-Brescia of Arquitectonica with interiors by Brazilian designer Patricia Anastassiadis of Anastassiadis Arquitetos. Amenities are comprised of a holistic wellness spa and pavilion, complete with a thermal suite (inclusive of a steam room, aromatherapy saunas, and an ice fountain), relaxation and meditation area, and a private spa suite; two expansive infinity pools; third-floor sunset deck; poolside treatment cabanas; a pool bar and social terrace lounge; summer kitchen pavilion with a grill area; a multi-purpose club room with chef’s kitchen for full gastronomic experiences; and a state-of-the-art fitness center with innovative MyIsle training equipment by MyEquilibria and an indoor Technogym fitness center. There will also be a library, children’s activity room, 24-hour concierge, valet and security services, and pool and beachfront concessions and attendants. Residents will additionally have direct access to 220 linear feet of beach and the adjacent, Miami Beach Walk.

For more information about 57 Ocean, availability private showings or purchasing/ leasing information please fill out the form below:

Douglas Elliman Releases Q1 2019 Market Reports For South Florida

Douglas Elliman released their Q1 2019 Market Reports in South Florida.The South Florida Market reports showed price trends generally edging higher, although sales slipped and inventory slightly increased this quarter. The markets included Miami Beach and Barrier Islands,Fort Lauderdale , Boca Raton, Highland Beach, Delray Beach, Wellington, Palm Beach, Jupiter, and Palm Beach Gardens.

Miami Beach/Barrier Islands

Overview:

• Overall price trend indicators increased than year ago levels

• Marketing time jumped as older inventory was sold

• Condo median sales price remained unchanged

• All single family price trend indicators increased as sales decreased

• Luxury condo inventory slipped

• Luxury single family price trend indicators surged

Key Trend Metrics(Year to Year):

Overall:

• Median sales price rose 2.3% to $440,000

• Average sales price increased 11.6% to $1,129,317

• Number of sales slipped 2% to 772

• Days on market was 145, up from 80

• Listing discount was 10.6%, up from 10.4%

• Listing inventory slipped 0.3% to 6,726

Luxury Condo:

• Median sales price rose 12.7% to $3,225,000

• Average price per square foot decreased 11% to $1,299

• Days on market was 70, down from 72

• Listing discount was 12.7%, up from 11.5%

• Listing inventory declined 6.6% to 1,006 units

• Entry threshold began at $1,864,000, up from 1,750,000

Luxury Single Family:

• Median sales price surged 61% to $10,100,000

• Average price per square foot rose 2.6% to $1,524

• Days on market was 352 up from 141

• Listing discount was 12.1%, down from 17.9%

• Listing inventory fell 38.5% to 152 units

• Entry threshold began at $7,250,000, up 70.6%

Miami Coastal Mainland

Overview:

• Median sales price rose year over year for the eighteenth consecutive quarter

• Sales declined annually for the first time in three quarters

• Listing inventory trended higher for the fourth straight quarter

• Luxury condo listing inventory declined annually for the fourth consecutive quarter

• Luxury condo price trend indicators were mixed year over year as marketing time expanded

• Luxury single family price trend indicators slipped as marketing time expanded

Key Trend Metrics(Year to Year):

Overall:

• Median sales price increased 0.6% to $320,000

• Average sales price slipped 2.2% to $425,740

• Number of sales declined 7.5% to 3,104

• Days on market was 91 up from 51

• Listing discount was 5.7%, down from 5.9%

• Listing inventory rose 6.9% to 12,247 units

Luxury Condo:

• Median sales price slipped 6.9% to $780,000

• Average price per square foot rose 4.9% to $468

• Days on market was 160 days, down from 167

• Listing discount was 7.2%, down from 7.4%

• Listing inventory declined 0.3% to 2,759

• Entry threshold began at $580,000, up 9.4%

Luxury Single Family:

• Median sales price slipped 0.5% to $1,407,500

• Average price per square foot slipped 0.9% to $439

• Days on market was 133 days up from 76

• Listing discount was 8.9%, up from 8.8%

• Listing inventory rose 14.7% to 1,223 units

• Entry threshold began at $880,000, down 4.6%

Fort Lauderdale

Overview:

• Condo price trend indicators slid year over year with decline in average sales size

• Condo sales declined annually for the first time in five quarters

• Single-family price trend indicators were mixed as inventory expanded annually for the fifth straight quarter

• Luxury condo pending sales signed in the quarter surged

• Single family luxury median and average sales price moved higher as marketing time stabilized

Key Trend Metrics(Year to Year):

Luxury Condo:

• Median sales price decreased 6.2% to $1,226,000

• Average price per square foot rose 0.5% to $619

• Days on market was 52, down 8.8%

• Listing discount was 7.6%, up from 6.7%

• Listing inventory rose 20.4% to 348 units

• Entry threshold began at $875,000 down 7.9%

Luxury Single Family:

• Median sales price rose 8% to $2,240,000

• Average price per square foot slipped 2.6% to $530

• Days on market was 163, unchanged

• Listing discount was 14.9%, up from 8.1%

• Listing inventory rose 19.6% to 396 units

• Entry threshold began at $1,365,000, down 6.5%

Boca Raton/Highland Beach

Overview:

• Condo & single family price trend indicators rose year over as sales slipped for the first time in three quarters

• Condo & single family price trend indicators saw larger growth at the higher end of the market

• Condo listing inventory fell annually for the second straight quarter

• Luxury condo price trends surged year over year partially due to jump in average sales size

Key Trend Metrics(Year to Year):

Luxury Condo:

• Median sales price jumped 48.3% to $1,175,000

• Average price per square foot rose 39.2% to $522

• Days on market was 146 days, up from 116

• Listing discount was 8.2%, up from 7.3%

• Listing inventory declined 21.4% to 313

• Entry threshold began at $665,000, up 26.7%

Luxury Single Family:

• Median sales price declined 14.9% to $1,830,000

• Average price per square foot rose 9.1% to $455

• Days on market was 136 days, up from 134

• Listing discount was 9.4%, down from 9.4%

Delray Beach

Overview:

• Single family sales slipped for the first time in six quarters as listing inventory expanded for four quarters

• Condo price trend indicators haven’t declined in thirteen straight quarters

• Luxury single family price trend indicators skewed lower by decline in average sales size

Key Trend Metrics(Year to Year)

Luxury Condo:

• Median sales price declined 26.8% to $510,000

• Days on market was 111, up from 88

• Listing discount was 5.4%, down from 6.6%

• Entry threshold began at $385,000, unchanged

Luxury Single Family:

• Median sales price declined 1.4% to $2,045,250

• Days on market was 143, up from 126

• Listing discount was 9.7%, up from 8.7%

• Entry threshold began at $1,298,000, down 1.6%

Wellington

Overview:

• Condo median sales price increased annually for the tenth straight quarter

• Condo inventory expanded year over year for the fourth consecutive quarter

• Single-family price trend indicators all rose year over year for the fourth consecutive quarter

• Single-family sales declined annually for the fourth time in the past five quarters

• Luxury condo and single-family price trend indicators surged due to significant shift to larger average sales size

Key Trend Metrics(Year to Year)

Luxury Condo:

• Median sales price surged 58.5% to $598,500

• Average square footage jumped 14.6% to 2,288

• Days on market was 154, down from 157

• Listing discount was 1.8%, down from 3.7%

• Listing inventory fell 46.8% to 33

• Entry threshold began at $415,000, up 22.1%

Luxury Single Family:

• Median sales price jumped 79.9% to $2,752,500

• Average square footage surged 42.7% to 5,717

• Days on market was 184, down from 262

• Listing discount was 14.2%, up from 9.5%

• Listing inventory declined 6.3% to 236

• Entry threshold began at $885,000 down 1.1%

Palm Beach

Overview:

• Condos sales rose annually for the fifth consecutive quarter to the second highest market share recorded

• Most first quarter condo sales in four years while inventory increase annual for the fourth time in five quarters

• Single family price trends showed mixed results as sales fell to their lowest first quarter total in seven years

• Luxury average sales size fell sharply as the luxury price threshold fell annually for the fourth straight quarter

Key Trend Metrics(Year to Year)

Luxury Condo and Single Family:

• Median sales price declined 29.2% to $7,100,000

• Average sales size dropped 25.1% to 4,915 square feet

• Average price per square foot fell 21.1% to $1,641

• Days on market was 106, down from 122

• Listing discount was 8.1%, down from 14.6%

• Listing inventory jumped 27% to 127

• Entry threshold began at $5,100,000, down 6%

Jupiter/Palm Beach Gardens

Jupiter Overview:

• Single-family median sales price moved higher for the second straight month

• Condo sales rose year over year for the third consecutive quarter

Palm Beach Gardens Overview:

• Single-family sales slipped for the third time in four quarters as all price indicators rose

• Condo median price slipped year over year for the first time in 27 quarters

Key Trend Metrics(Year to Year)

Jupiter Luxury Condo:

• Median sales price rose 7% to $305,000

• Days on market was 65, up from 46

• Listing discount was 5.3%, up from 5.1%

• Listing inventory rose 3.1% to 328

Jupiter Single Family:

• Median sales price increase 6% to $530,000

• Days on market was 71, down from 77

• Listing discount was 5.4%, up from 6.5%

• Listing inventory rose 11.1% to 481

Palm Beach Gardens Luxury Condo:

• Median sales price slipped 2.1% to $235,000

• Days on market was 71, up from 49

• Listing discount was 4.1%, down from 4.5%

Listing inventory jumped 16.9% to 277

• Palm Beach Gardens Single Family:

• Median sales price increased 8.2% to $499,500

• Days on market was 89, up from 83

• Listing discount was 6.9%, down from 7.9%

• Listing inventory rose 3% to 556

Article by Stephanie Warren

CONTINUUM Reveals New Multi-Million Dollar ArquitectonicaGEO-Designed Grounds Renovation

South Florida’s award-winning architectural and branding firm, ArquitectonicaGEO, has been appointed to spearhead a multi-million dollar renovation project for the grounds of Continuum on South Beach, starting in May and anticipated to last between 18 and 24 months. This is the first renovation undertaken by Continuum since it was built 19 years ago. ArquitectonicaGEO will redesign the exterior of the property, from the South of Fifth public roadway leading to the entrance of the property, through to the Upper Rotunda situated between the two towers. The design incorporates the latest in local Florida plant life, trees, landscaping and water fixtures to further embellish the pedestrian neighborhood in and around the South Pointe corner.

“We are very excited to open the next chapter in our progressive journey to establish a new and improved identity,” says Rishi Idnani, Managing Director of Continuum On South Beach. “For almost two decades Continuum On South Beach has become established as the crown jewel in South of Fifth. The brand has grown to become recognized on an international scale, well beyond Miami Beach. We therefore thought it necessary to reflect this growth and reputation in our logo and corporate identity. We are also pleased to be working with one of today’s leading brand architects, ArquitectonicaGEO, for the outdoor renovation and transformation of our grounds that will ultimately mark a new beginning for the entire aesthetic of the Continuum and its surrounding neighborhood.”

ArquitectonicaGEO designed the exterior renovation around the theme of “Infinite Wellbeing” in-line with the resort-style philosophy of the property. The brief was to transform and embellish the outdoor space at the Continuum so residents and visitors utilize it to its maximum potential over time. Tree species currently being selected for the project include the Autograph Tree, Pigeon Plum, Green Buttonwood and Gumbo Limbo. The existing water fountain fixture in the Lower Rotunda will be replaced with a “Specimen Tree” to establish a more interesting and statuesque aesthetic during the arrival experience. The large water fountain within the Upper Rotunda will be replaced with a smaller, more tranquil water fixture, together with green foliage and plants that will encourage pedestrians to sit around. Multiple pathways will also be formed through the center of the rotunda, creating a walkway that does not interfere with arriving vehicles or valet.

“Our aim is to entice homeowners and their guests to be outside as much as possible,” says Michelle Cintron, Vice President of ArquitectonicaGEO. “If we increase the lushness for the pedestrian and bring them closer to nature, they are more likely to use their grounds and even arrive by foot instead of by car. This can be achieved by introducing some tropical plants and trees that are native to Florida and more recognizable to everyone. The end goal of this transformation is also functionality, performance and to establish long-term maintenance of the property as a whole. Part of the project will naturally result in beautifying the surrounding neighborhood to make it more pedestrian friendly,” adds Cintron. “This will potentially activate the nearby retail area to a larger extent.”

Other changes at Continuum include a name change as the building, formerly known over the last 19 years as “Continuum on South Beach,” has decided to change the corporate identity of the luxury property to now be simply known as “Continuum.” Fully established and recognized across the country by global homeowners, Continuum is re-positioning itself as an international property, owned by international residents.

“For more than 18 years, the Continuum has enjoyed widespread recognition as one of the nation’s market leaders in elite luxury living,” says Keith Marks, Board President and Chairman for the Continuum On South Beach Master Association. “To strengthen our position as pioneering among residents looking for the preeminent lifestyle offered, we thought it necessary to open a new chapter for the identity and aura of the property, that will ultimately enhance our unique appeal in contemporary design and serenity.”

Check Out This Choeff Levy Fischman-Designed Tropical Waterfront Mansion Featuring Post-Tension Structural Design

Situated on Miami Beach’s Di Lido Island on Miami’s luxurious Venetian Islands, award-winning architects Choeff Levy Fischman designed one of its newest luxury Tropical Modern residences with a rare post-tension structural system. The construction method is typically found in high-rise developments and eliminates the use of structural beams which allows for maximized ceiling heights on both levels and unobstructed views from the rear. The residence also features a unique 12-foot Vitrocsa Invisible Wall System throughout the main floor that allows for sweeping views of Biscayne Bay.

The home offers 7,828 SF of living space spread over 7 bedrooms and 7.5 bathrooms, delivered complete with Artefacto furnishing and a Lutron home automation system. Guests are welcomed to the home via a grand 11-foot Cumaru-cladded pivot door with an expansive glass panel offers you a glimpse into the interior and out to the bay. The home’s post-tension architecture becomes evident once inside 63’ wide living room that boasts European White Oak floors and overlooks the double-sided infinity-edge pool and pristine bay waters. Juxtaposed to the main living area, a state-of-the-art kitchen boasts Boffi appliances, and custom Brazilian Teak wood ceilings that also spread across the foyer, powder room, office and downstairs bedrooms. Board-formed concrete flows from the outdoors, in with columns that add a bit more warmth and texture to the modern residence as well.

There are two bedrooms located downstairs. One opens up to a shaded outdoor yoga deck, another offers a frameless frosted glass wall for privacy, and also allows for unobstructed views of the water. The residence’s second floor houses five of the seven bedrooms. A corridor with custom Walnut paneling hides the bedrooms, each with 10’ Walnut pivot doors and their own ensuite bathrooms.

Choeff Levy Fischman’s signature Tropical Modern style shines through with the repetitive use of board-formed concrete, wood, and exotic stone both indoors and outdoors. Outside, the infinity-edge lap pool and spa feature a rainwater re-harvesting system. A nearby an outdoor kitchen and bar provide the perfect setting for outdoor entertaining. The home sits on 106 feet of water frontage with a newly renovated dock and raised seawall.

The home is set to hit the market in the near future with an expected list price of $19,995,000.00 with Dora Puig, Broker/Owner of Luxe Living Realty.

For more information about homes on the Venetian Islands, private showings or purchasing information please fill out the form below: