EXTERIOR VIEW: 100 SOUTH POINTE DRIVE PH 1 MIAMI BEACH, FLORIDA 33139

On the market for 562 days, Penthouse 1 at the Continuum I South Tower just closed today for $9.9M. This direct oceanfront residence, originally listed for sale in March 2007 for $25M, like everything in the market place, was reduced. In December 2007 it was offered for $21M. Asking price at the time of sale was $14.95M.  The seller paid $7M for the property in 2003, when the Continuum I, the first beachfront condominium in South Beach’s South of Fifth neighborhood, was completed.

Property Highlights

• Tri-level unit
• 5 bed
• 7 1/2 bath
• 7,734 SF (under air)
• 13′ ceilings
• Private elevator
• Private rooftop pool
• 4 parking spaces

INTERIOR: 100 SOUTH POINTE DRIVE PH 1

CONTINUUM SOUTH TOWER: 100 SOUTH POINTE DRIVE

Nestled between Bal Harbour and Miami Beach, Indian Creek Village is a private island comprised of 300 acres, and home to an affluent community with thirty two waterfront estates. Also on the island, is the private and exclusive Indian Creek Country Club, which has one of the oldest and beautifully secluded clubhouses in Florida, built in 1929 by architect Maurice Fatio. Occupying the interior landscape is the Club’s 18-hole world class golf course designed by golf architect,  William S. Flynn in 1930. Known for its high security, the community founded the Indian Creek Village Public Safety Initiative in 1994,  employing its very own police department which apart from safeguarding the land, provides 24/7  police patrol by boat, maybe the only one of its kind, protecting Indian Creek Island residences from Biscayne Bay.

I just listed 22 Indian Creek Drive for $12.9M. Located on the south side of the island, this property has not been offered for sale since 1972, when it was purchased by Martha and Arthur Appleton for $300k. Mrs. Appleton, Martha O’Driscoll, was a Hollywood starlet in the 1930’s and 1940’s. Appearing in more than thirty seven films, she was one of the first to play Daisy Mae in Li’l Abner. Introduced by Candice Bergen’s parents, Martha left the silver screen and moved to Chicago to become the wife of businessman, inventor and philanthropist, Arthur Appleton. The Appleton’s, like many snowbirds, made South Florida a second home, which was the case with their property at 22 Indian Creek Drive.

Situated on an 80,000 SF lot, this estate sale offers 200 FT of water frontage on Biscayne Bay and the Intracoastal Waterway. The Regency style home is well maintained,  with more than 7,500 SF of living space. One may wish to renovate the existing classic structure built in 1958, or simply redefine the land by creating something new.

Rear Facade: 22 INDIAN CREEK DRIVE, INDIAN CREEK VILLAGE, FL 33154

View of Biscayne Bay (south): 22 INDIAN DRIVE, INDIAN CREEK VILLAGE, FL 33154

Offered for Sale: Indian Creek Island

At the moment, there are seven properties offered for sale on Indian Creek Island asking $9.7M to $57M, including:

• 3 Indian Creek Drive – $57M
• 12 Indian Creek Drive  – $35M *
• 18 Indian Creek Drive – $25.5M
• 4 Indian Creek Drive (vacant land) – $18M *
• 38 Indian Creek Drive – $14.9M
• 22 Indian Creek Drive – $12.9M*
• 40 Indian Creek Drive – $12.9M
• 34 Indian Creek Drive – $9.7M

*How could I resist, but I must emphasize my exclusive listings

Sold in 2008: Indian Creek Island

• 36 Indian Creek Drive sold for $7.05
• 30A Indian Creek Drive sold for $7M

Residents

According to the 2000 census, Indian Creek Village is the eighth highest income place in the United States (Fisher Island was number one on that list). This ultra secure neighborhood attracts a variety of  prominent homeowners, both past and present including: radio magnate, Raul Alaracon; Perry Ellis head, George Feldenkreis; singer, Julio Iglesias; former Calvin Klein CEO, Barry Schwartz; former Miami Dolphins Head Coach, Don Shula; and billionaire developer, Jeffrey Soffer, to name a few.