Real-estate developer Ian Bruce Eichner has sold his three-level Miami Beach penthouse for $35 million, six years after he put it on the market, Candace Taylor reported for The Wall Street Journal.
The 11,031-square-foot condo, at the top of the 42-story Continuum tower in the South of Fifth neighborhood, was Eichner’s personal penthouse. He first put it on the market it in 2015, and it was most recently listed for $39.9 million, per the Journal.
Eichner, who founded the Continuum Company, finished the Continuum condo in the early 2000s.
Before selling it, Eichner had been renting out the penthouse for up to $200,000 per month, the developer told the Journal.
In May 2019, I got a tour of the Continuum penthouse, which was then the most expensive condo for sale in Miami-Dade County, listed at $48 million.
The final sale price was a roughly 27% discount from its 2019 asking price.
When I visited, the penthouse was listed with Eloy Carmenate and Mick Duchon of Douglas Elliman. Both agents are now at Corcoran and held the listing there, according to the Journal.
During my visit, my first look at the triplex penthouse was the grand entryway.
Source: Douglas Elliman
The penthouse also has a private pool, which sits on the level above the main terrace and overlooks the Atlantic Ocean.
Eichner, who’s based in New York City, told the Journal that he was looking for another vacation home in the Miami area.