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

ALTOS DEL MAR BEACH HOUSE: 7725 ATLANTIC WAY, MIAMI BEACH, FL 33141

OCEAN VIEW FROM ALTOS DEL MAR BEACH HOUSE: 7725 ATLANTIC WAY, MIAMI BEACH, FL 33141

Is it a dream of yours to to live in a luxurious beach house in Miami? If so, today is your lucky day, I have the exclusive listing for twelve residences in the historic Miami Beach neighborhood of Altos del Mar, which are currently under construction. Reside in a new beachfront property located ten minutes south of Bal Harbour Shoppes.

One of these homes, located at 7725 Atlantic Way, will be a Bermuda style structure conceived by esteemed architect Ramon Pacheco and the stylish  interiors done by NuHouse Design. This particular property is scheduled to be complete in the last quarter of 2010.

Property Highlights Include:

• Lot size: 16,000 SF lot
• Living area: 6,400 SF (9,950 SF gross space)
• 5 Bed
• 6.5 Bath
• 2-Car Garage plus Carport
• Gym
• Game Room
• Library
• 3 fireplaces
• Summer Kitchen
• Generator

[View with PicLens]

Il Villaggio PH 6/7, Private Rooftop Terrace, Miami Beach, Fl

Il Villaggio PH 6/7, Formal Living Room, Miami Beach, Fl

Flowers Just Won’t Cut It This Year, one New Yorker is stepping it up with a Miami Beach penthouse. Founder and CEO of Marchon Eyewear, Alfred Berg is surprising his wife this Valentine’s Day by purchasing Penthouse 6/7 in South Beach’s luxurious oceanfront condominium, Il Villaggio, located at 1455 Ocean Drive.

Seller, Scott K. Ginsburg purchased the direct oceanfront luxury condo pre construction in 1999 for $2.9M. He spent three and half years building out the 5,700 SF of raw interior space as well as the 4,600 SF private roof top terrace. A longstanding figure in the media industry, Mr. Ginsburg was the founder of Evergreen Media Corporation in 1988, co-founder of Statewide Broadcasting, Inc. and former CEO of Chancellor Communications, now a part of Clear Channel Communications.

This elegant penthouse offers sweeping direct ocean views from all rooms, wrap around balcony and spacious roof top terrace. Elegant yet opulent appointments are found throughout the unit including a custom designed circular bed in the master suite, Lalique chandeliers, coffered ceilings, crystal sinks, surround sound and gourmet kitchen. And that’s just inside, the outdoor space takes entertaining to another level with a complete stainless steel summer kitchen, heated ozone pool, shower, spa, stereo system and king size bed.

Il Villaggio PH 6/7, Master Suite, Miami Beach, FL

Located on the northeast corner of the building, this extraordinary penthouse property was originally listed for sale in 2006 for $18.5M. I took the listing three and half months ago for $13.9M. Mr. Berg closed on the property today for $8.58M. This deal is indicative of today’s luxury real estate market, a buyer’s paradise.

Located in the heart of Miami Beach’s Art Deco District, Il Villaggio is one of South Beach’s premier luxury condos. This full service property offers 24-hour security and valet, concierge, pool and private beach lounges with attendants, two-story fitness center, sauna, oceanfront promenade and community room. Other residents in Miami Beach’s Il Villaggio include: Hollywood filmmaker, Jerry Bruckheimer; CSI: Miami star, David Caruso; Bill Roedy, President of MTV Networks International; and Victoria Secret’s, Ed Resnick.