The $25 million Birkenstock
No, not the shoes, this time it’s the condo:
A MEMBER of the family that controls the German shoe company Birkenstock has sold a triplex penthouse in the South Beach section of Miami Beach for $25 million, a record price for a Miami-area apartment, eclipsing the previous record of $21.5 million reached five months before.
The buyer of the 7,400-square-foot penthouse in the Continuum towers was an Italian who controls an investment company, said Pietro Belmonte, a broker at Prudential Douglas Elliman who has sold residences in the building. The seller was Alex Birkenstock, who withdrew from day-to-day operations of his family’s shoe company in 2008, according to one person familiar with the matter. He bought the apartment for $9.9 million in 2009.
The sale closed last Friday.
The penthouse, which is on the 40th to 42nd floors, has five bedrooms, seven and a half bathrooms and 6,000 square feet of outdoor space across six terraces, and includes a private pool and an internal elevator. The floor-to-ceiling windows reach as high as 26 feet in the living room, said Khashy Eyn, the chief executive of Platinum Properties of Manhattan and the broker who represented Mr. Birkenstock.
“It is a glass box in the sky,” Mr. Eyn said.
It has rented for $20,000/day, or approximately 200 pairs of Birkenstocks at retail.
It was not listed on the market.
Neither is casa de Fausta, but if you want it for $25 million, make me an offer!