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Just sold: Miami’s Most Expensive Home for $25 Million

Just sold: Miami’s Most Expensive Home for $25 Million

How to make 15 million in three years: Alex Birkenstock, a member of the family that controls the German shoe company Birkenstock, bought 7,400-square-foot penthouse in Miami for $9.9 million in 2009. Now, after three years he sell it for $25 million to an Italian.

Miami Expensive Home photo
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$25 million, a record price for a Miami-area apartment, ($21.5 million was the previous record five months before).

During those years the apartment has been used for movie and music video filming and rented out for about $20,000 a day (not bed all all…)
Now who can tell me that real estate is not a good business anymore?

The penthouse is on the 40th to 42nd floors in the Continuum towers, 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. It was not listed on the market and Italian buyer plans to use the penthouse as a second home when he is not in Europe.

Via: and

About The Author

Rachel Leroy

Leroy Rachel is founder of justelite website. Her target is to bring this website in top 10 luxury blogs by the end of next year.

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