In the past year, we have seen some of the highest prices ever paid for luxury oceanfront properties in Miami.

A luxury oceanfront penthouse in the exclusive Continuum condominium in Miami Beach recently sold for a staggering $25 million.

According to the Miami Herald, the penthouse set a new record for sale prices in Miami, exceeding the $21.5 million spent for a luxury penthouse at the Setai, also in Miami Beach.

The exquisite 3-story penthouse features 25-foot ceilings, 5 bedrooms, 7 ½ bathrooms, a private pool and magnificent ocean and city views.

The penthouse was last sold in 2009 for $9.9 million. The new buyer plans on spending another $2 million on various renovations.

Source: Miami Herald

Continuum Miami Beach