continuum on south beach condo

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Sales Activity at Continuum on South Beach

Continuum on South Beach - 804

The first week of March there has been a good amount of real estate active at the Continuum on South Beach.  There are two new active listing, one unit that went pending sale and one unit that closed in the building.

Newly on the market is unit 1201 in the North tower. This unit is 2 bedroom and 2.5 bathrooms with 1,591 square feet. At the asking price of $3,750,000 the features high-end finishes throughout.  The most unique aspect to this unit is the Sauna located in the master bath.

Also listed this week is Loft 4 located in the South Tower. This is a 2 bedroom and 1 bath unit with a total of 1,667 square feet. While this unit may not have expansive views of The City and Ocean it does have a roof top Jacuzzi and large terrace to entertain quests.  The asking price is $2,500,000.

The big news is that unit 804 closed in the South Tower.  This unit was only on the market for 89 day.  It was listed at $4,899,000 and sold at $4,600,000.  With a total of 2,292 square the sold just above $2,000 per square foot.

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Continuum on South Beach Prices Then and Now

If you are an owner that purchased at the Continuum on South Beach in 2010 you couldn’t be more happy with today’s recent sales. The Continuum prices have more than doubled within the past 5 years.  This time of year, back in 2010 units at the Continuum were trading on average at $919 per square foot.  Now in 2015 units are being sold at the average price per square foot of $2,047.

Continuum On South Beach Then

Continuum on South Beach Now

 

As a real estate professional, we advise our buyers about condo buildings that are most likely to retain value. Continuum on South Beach is among the top of the list due to its prime location at the southern most point of South Beach.  I look forward to revisiting this blog post again 5 years from now. With Miami’s continuous growth, I am confident that the average price per square foot will be far past $3,000.