2020 is a Buyer’s Market | What are the Best Deals at Continuum on South Beach?
July 24th, 2020
Continuum at South Beach is currently seeing a low number of sales and the condo units that do sell are trading for a discount compared to sales prices in previous years. We are definitely experiencing a buyers market and those who are willing to pull the trigger will be able to get great discounts and deals. Please find below some of the best deals currently available at Continuum on South Beach.
This listing offers two different layout options: 1 Bedroom unit layout with extra large living room or 2 bedroom layout with 2.5 bathrooms
Asking Price: $3,095,000 | $1,726 per SF
Originally asking $3,195,000
Broker’s Comments: Nestled on the highest floor before the upper penthouse. Featuring floor-to-ceiling, wall-to-wall windows embodied with natural light and direct unobstructed Ocean Views from every room, soaring 10′ ft ceilings, a private elevator foyer that invites the privacy of the worlds most discerning families by a 4-tiered security system with biometric fingerprint elevator access. The Continuum is arguably the crown jewel of South of Fifth, the most prestigious neighborhood situated at the southernmost tip of Miami Beach. Offering a resort lifestyle set on 12 Acres & 1,000 linear feet of Ocean Frontage. Direct access to the Beach with Beach Service, a restaurant on site, two lagoon style pools, one lap pool, 3 clay tennis courts and a 20,000 SF Fitness center and Spa. Listed by Elliot Lee from the Keyes Company.
Why is this one of the best deals at Continuum Miami Beach?
This property is listed for $1,726 per SF. It has been on and off the market since January 2019 with several price decreases. Looking at the average sales prices per SF in the last 6 years we see that $1,726 is at or below the average market price. This high-floor unit however is a desired 05 line with unobstructed ocean views from all rooms, something that normally sells for a surplus (Definitely for a higher price per SF than the average sales price). The unit however is not updated and still offers original bathrooms and kitchen. Lastly it offers two potential floor plans resulting in a 1 bedroom or 2 bedroom floor plan!
Broker’s Comments: PRICE REDUCTION FOR IMMEDIATE SALE! Motivated Seller. Unparalleled East, South and West views of the Atlantic Ocean and beaches, Fisher Island/Key Biscayne and Downtown Miami Skyline from this rarely available South/Southwest corner unit boasting 10 foot floor-to-ceiling glass walls. Two private elevators open to spacious foyer. Large open floor plan with breathtaking views from every room. Well-executed split floor plan provides each room with it’s own privacy. Continuum offers a resort lifestyle unlike any other property set on a meticulously landscaped 12 acres and 1,000+ feet of oceanfront luxury with complete beach service and highly-acclaimed restaurant poolside. Two lagoon style pools, lap pool, three clay tennis courts and a 20,000+ sq.ft. state of the art fitness center and spa. Listed by David Pobiak of Beachfront Realty Inc.
Why is this one of the best deals at Continuum on South Beach?
This property is listed for $2,055 per SF. This unit is currently priced below the market price in the last few years . The owners are motivated and the unit is priced to sell. Although it’s an original unit it is hard to come by such a high floor corner unit with unobstructed waterviews. Definitely a really great deal.
There are currently more really good deals, which we cannot share in this blog! Please contact David Siddons for more details on superb deals at Continuum on South Beach
Just like the rest of South of Fifth, Continuum is in a holding pattern right now. We didn’t see many sales happen, because of the high infection rates we are experiencing in Miami and people aren’t confident (or aren’t allowed even) to enter any condo building. There are inquiries for South of Fifth condos, but mostly from buyers that expect a deal. Many sellers are in a weakened position and in need to get liquidity. They are offloading their real estate assets and as a buyer you are in a stronger position right now. If you are one of those buyers willing to get in and ready to make a deal you might be seeing some opportunities that you would normally never see in this desired area. You have to behave against the market in order to take advantage of this market. Right now nobody is buying, so the few buyers who are ready now might get great deals. Not every seller will be entertained, but you will see several sellers that are ready to offload real estate for a discount. Now is the time to make deals happen that would normally never happen.
Contact the Continuum Experts for these or any other Continuum on South Beach unit for sale.
David Siddons | 305.508.0899 | David@siddonsgroup.com