Continuum Condo South Beach – Alex Birkenstock Buys Penthouse for $9.9 Million

Continuum South Beach is one of the finest condo buildings on Miami Beach, standing 42 stories high, and located at the southernmost tip of South Beach. About 10 days ago, Alex Birkenstock, a German bachelor, and reportedly a member of the famed footwear Birkenstock family (although his New York realtor insisted that he is a “private hedge fund guy”, and not the Alex Birkenstock who recently departed from the operational business of Birkenstock), purchased a tri-level Miami Beach penthouse in the Continuum for $9.9 million. Birkenstock had no comment to make regarding his identity.

The 7,374 square feet, 5 bedrooms, 7.5 bathrooms condominium, on the 40th floor of the Continuum South Beach, boasts 360-degree views of the Atlantic Ocean, Biscayne Bay, and the city. The residence features 13 feet high ceilings, and a 26 feet high ceiling in the dining room, its own private elevator, and smart house touch panels that allow you to operate everything from the lighting to security to high-end audio and video systems. This most luxurious apartment in the sky is truly state of the art.

The Continuum is situated on 13 acres of some of the most prized real estate in the world, featuring 3 pools, 3 tennis courts, and 2 restaurants. Birkenstock bought the condo from Howard and Lilly Steinberg, who, according to the Dade County property records, purchased it in June 2003 for $7 million.

The Steinberg’s had been trying to sell the penthouse since March 2007, when they listed it for $25 million. In December 2007 they reduced the price to $21 million, and when they were unable to secure a buyer, they again lowered the price to $14.5 million at the end of November 2008.