The Continuum in South Beach $8M Renovation is Part of a Bigger Trend for Luxury High-rises

The Continuum in South Beach $8M Renovation is Part of a Bigger Trend for Luxury High-rises

Jul 01, 2019 July 01, 2019

The Continuum, located at 100 South Point Drive, and one of the most iconic high-rise luxury condo enclaves in South Beach, is undergoing a fantastic makeover. As this luxury community embarks on a journey of total transformation through a massive renovation project, others in the area are also following suit.

For starters, the tower’s ownership opted to drop the term “South Beach” from its moniker, and renamed the luxury property as simply The Continuum, presuming that the property has earned local as well as international renown for its gorgeous South Pointe location on the southernmost tip of Miami Beach.

Artist's Rendering of The Continuum

Artist's Rendering of The Continuum


Property improvements are designed to bring residents closer to nature and encourage more outdoor living, with much of the renovation funds going toward lush new landscaping that encourages a more pedestrian lifestyle.

Artist's Rendering of The Continuum

Artist's Rendering of The Continuum


Noted as a community with some of the
highest-priced luxury condos in greater Miami, the twin-tower Continuum complex is beginning an $8 million renovation program. Units are pricey but worth their weight in gold. The popular real estate investment website The Real Deal reported recently that Jay G. Goldman, a famed New York businessman and founder of J. Goldman & Co., recently paid $8 million for a waterfront unit at the Continuum, amounting to $3,149 a square foot.

Artist's Rendering of The Continuum

Artist's Rendering of The Continuum


Another unit in the North Tower is listed at more than $4,000 per square foot. And fabulous penthouse owned by developer Ian Bruce Eichner, head of The Continuum Company LLC, who actually built the towers, is listed at $48 million, representing a $2million drop from its $50 million listing back in 2015. Average units listings at The Continuum range between $1,789,000 and $18,950,000 with floor plans ranging in area from 1,201 to 4,973 square feet.

Artist's Rendering of The Continuum

Artist's Rendering of The Continuum


Most of the residents at the Continuum are snowbirds who prefer to spend the cooler months of winter and early spring in South Florida, and the roster of Continuum residents includes celebrities, business executives, and a variety of affluent individuals. About 20 percent of residents at the Continuum live in the towers full time, according to the condominium’s managing director.

Other Waterfront Condo Highrises in South Beach Following The Renovation Trend


Following the Continuum’s lead (or preceding it), many other nearby condo towers that were built at the end of the 1990s and early 2000s are now undertaking new renovation makeovers of their own in order to maintain their elite status as a new wave of new luxury and ultra-luxury condos hit the market. To be fair, the trend began even before The Continuum took the plunge, when
1 Hotel & Homes, located at 102 24th Street in Miami Beach, underwent a renovation a few years ago. Units at 1 Hotel & Homes are listed between $1,170,000 and $​7,950,000 for layouts that range from 866 to 3,278 square feet in size. The 16-story tower is home to 161 units.

1 Hotel & Homes

1 Hotel & Homes


Another renovation is taking place at the 44-story
Portofino Tower, a Continuum neighbor, originally built in 1997 by developer Thomas Kramer, and one of South Beach’s tallest condo towers, located in the prized south of Fifth neighborhood at 300 S Pointe Drive in Miami Beach.  Floor plans at Portofino Tower range from one-to-four-bedroom units with up to 4,500 square feet of living area and the average sale price of the units is around $2,179,500, or about $931 per square foot.

Portofino Tower

Portofino Tower


Close by at 1000 South Pointe Drive, the
Murano at Portofino is also undergoing a makeover. List prices at the Murano range from $1.8 to $6 million for units ranging in size from 1,393 to 3,365 square feet of living area. The 37-story tower has 189 units and was originally erected in 2002.

Murano at Portofino

Murano at Portofino


Cover photo credit: The Continuum South Beach
Contact Stephanie E. Bienstock
Director of Luxury Real Estate
(786) 930-4220
contact@condoblackbook.com
Request Info
By sending you agree to CondoBlackBook's Terms of Use

Recent Posts

Greater Downtown Miami Luxury Condo Market Report -- Q3 2019
Real Estate News Greater Downtown Miami Luxury Condo Market Report -- Q3 2019
CondoBlackBook.com’s luxury condo market report for Q3 2019 outlines how sales increased in Miami overall, median prices went down, and heavy inventory kept buyers in control. This report breaks down how neighborhoods in the Greater Downtown area fared individually, as well as compared to the Miami market as a whole. For the purpose of this report, we’ve included areas with the Zip codes 33129, 33130, 33131, 33132, 33136, 33137 – essentially Downtown, Arts & Entertainment District, Edgewater, Midtown, Wynwood, Brickell, Brickell Key, and more. Further, this luxury condo market report only features properties priced $1 million and above. Greater Downtown Miami Luxury Market at a Glance (year over year) Greater Downtown Miami Luxury Condo Market Q3 2019 Highlights: Sales down year-over-year in all neighborhoods Trailing 12-month sales trendline positive for all neighborhoods, except Edgewater Price per sq. ft. lower than Q3 2018 in all neighborhoods Median sales price higher than...
The average Miami Preconstruction Condo buyer lost 14% in resales through Q3 2019
Real Estate News The average Miami Preconstruction Condo buyer lost 14% in resales through Q3 2019
This year, CondoBlackBook.com again teamed up with HB Roswell Realty to analyze the latest new construction resale data across Miami. We tracked new condo units built between 2017 and 2019 in Miami’s urban core and beach areas that have since been sold by the original owner in the first three quarters of 2019. What we found builds upon last year’s report and is surprising—most sellers lost money. On average, Miami new construction condo resales lost around 13.9% when factoring in costs (1.7% at purchase and 6.8% at sale).*  This follows our analysis conducted over the same period last year in which we found sellers lost 11% on average. Our team analyzed 116 new construction resales in Greater Downtown Miami, Coconut Grove, Miami Beaches and the surrounding islands (except Fisher Island and Key Biscayne) that closed in 2019 and found that 40 broke even or made a profit, while 76 resales lost money—nearly 65% of the owners in our study (compared to a similar figure of 63% in last...
Coral Gables and Coconut Grove Luxury Condo Market Report -- Q3 2019
Real Estate News Coral Gables and Coconut Grove Luxury Condo Market Report -- Q3 2019
The latest from CondoBlackBook.com’s Q3 2019 report for luxury condos in Miami shows some slight shifts from the previous quarter -- while overall sales and the median sales price increased, the median price per square foot dropped and a sustained inventory surplus means we’re still in a buyer’s market. This report breaks down how the combined Coral Gables and Coconut Grove fared in the third quarter. For the purpose of this luxury condo market report, we’ve only featured properties priced $1 million and above. Coral Gables and Coconut Grove Luxury Condo Market Q3 2019 Highlights: Sales slightly short of last year’s outstanding performance Positive sales trendline, showing sustained market momentum Price per sq. ft. is lower compared to Q3 2018 Overall inventory drops significantly Coral Gables and Coconut Grove Luxury Condo Market Summary - Fig. 1 Slight Slip in Overall Luxury Condo Sales YoY sales decline marginally, but are higher than 2017, 2016 and 2015 with positive...
Miami’s New and Pre-Construction Condo Update: October 2019
Real Estate News Miami’s New and Pre-Construction Condo Update: October 2019
Supertalls took over pre-construction news this Halloween month. The tallest in the city – Okan Tower won construction approvals. The fourth tallest in Miami, Brickell Flatiron celebrated its completion milestone. The Turnberry Ocean Club, one of the tallest on the Atlantic Coast, topped off. And, the tallest in Edgewater, Missoni Baia snagged a $243 million construction loan. Read on for details on these and other condo pre-construction updates for the month of October below:  Completed Brickell Flatiron - Brickell At 736 feet above ground, Brickell Flatiron now stands complete. It is the fourth tallest building in Miami, just behind Panorama Tower (868 feet above ground), Four Seasons (around 800 feet), and the Southeast Financial Center (764 feet). With closings beginning shortly, 95% of the tower is already sold out. The 64-story skyscraper is home to 527 ultra-luxury condo residences, offering high-end amenities such as a sky pool with lounge, rooftop gym and spa, urban...
Miami Beach Luxury Condo Market Report -- Q3 2019
Real Estate News Miami Beach Luxury Condo Market Report -- Q3 2019
In our overall Miami luxury condo market report for Q3 2019, we saw an increase in sales, a decline in median prices, and heavy inventory keeping things in favor of the buyer. This report breaks down how the neighborhoods in Miami Beach and the barrier islands reacted over the quarter individually, as well as against the market as a whole. For the purpose of this report, we’ve included the sub-neighborhoods of South Beach, Mid-Beach, Sunny Isles Beach, Surfside, and Bal Harbour as part of this Miami Beach grouping. Also, this luxury condo market report only features properties priced $1 million and above. Miami Beach Market at a Glance Miami Beach Luxury Condo Market Q3 2019 Highlights: Miami Beach sales almost match Q3 2018 Sales trendline positive for all neighborhoods Year-over-year sales improve in South Beach, Surfside & Bal Harbour  Miami Beach price per sq. ft. is same as Q3 last year Surfside & Bal Harbour report highest jump in quarter-over-quarter median sales...
The Most Luxurious Condo Buildings in Coconut Grove
Real Estate News The Most Luxurious Condo Buildings in Coconut Grove
Coconut Grove is not just about rich foliage, but is also home to quite a few luxury condo residences. To get a taste of this historic neighborhood plus its plush properties, we’ve enlisted the 5 Most Expensive Condo Buildings in Coconut Grove and bonus pre-constructions that set the bar high for phenomenal living in the city. Why Choose Coconut Grove? Coconut Grove Main Highway. Photo courtesy of MiamiAndBeaches.com The partly coastal neighborhood of Coconut Grove is characterized by lush, tropical foliage and a relaxed Bohemian vibe. Its bouquet of rare boutiques, unique shops, colorful cafés, diverse restaurants, historical venues, lush parks, and easy access to water sports plus a nautical lifestyle make it a breezy neighborhood to live in. The Best of the Best Condos in Coconut Grove  Ritz-Carlton Coconut Grove – 3300, 3340, 3350 and 3400 SW 27th Avenue, Coconut Grove Avg. sales price $624 per sq ftBacked by the world-famous hospitality brand, this waterfront...