Penthouse 2 at the Continuum's South Tower, previously home-away-from-home to the building's developer, Ian Bruce Eichner, has heaved back on the market after a two month hiatus and a massive price change. First listed by Mr. Eichner for $35 million in 2011, the four-level unit had a price jump to $39 million in 2012. Then things started to get weird. According to Zillow, it finally sold in October of 2014 for $15 million, and is being put back on the market today for a totally eye-popping $50 million.
Why the huge price swing? Brokers will mention comps, and the killer view, the 11,000 square feet of interior space and 7,000 square feet of exterior, the additional guest suite downstairs, the 10 deeded parking spaces, and the private beachfront cabana, none of which is really new. What is new is the place is being totally redesigned by Interiors by Stephen G. New listing photos aren't out yet (what you see here is old) but say goodbye to all those overstuffed chairs, veiny marbles, tray ceilings, and beige. Oh, wait.
· Continuum South Beach South Tower Penthouse [Zilbert]