Officials say $25 million sale of South Beach condo sets record

MIAMI BEACH — A three-story penthouse with views of the Atlantic Ocean and the city of Miami has sold for a record 25 million, the Miami Herald reports.

The newspaper reports the five-bedroom condo with a private pool at 100 South Pointe Drive in South Beach recently sold to a buyer who plans to "rip everything out" and spend $2 million to finish it.

Officials say the price breaks the previous record set in January when a Miami Beach penthouse sold for $21.5 million.

The South Beach condo last sold in May 2009 for $9.9 million.

Julian Johnston represented the owner and signed an agreement not to reveal the name. Johnston says the condo was not even listed when the buyer asked to see it.

  • Discuss
  • Print

Related Stories

Comments » 0

Be the first to post a comment!

Share your thoughts

Comments are the sole responsibility of the person posting them. You agree not to post comments that are off topic, defamatory, obscene, abusive, threatening or an invasion of privacy. Violators may be banned. Click here for our full user agreement.

Comments can be shared on Facebook and Yahoo!. Add both options by connecting your profiles.