Enron short seller Jim Chanos asks $25M for Miami Beach home
Investor Jim Chanos is selling his luxurious Miami Beach penthouse unit situated in The Continuum for a whopping $25 million after calling it home for 20 years. The relatively unknown fact is that Chanos bought the opulent 4,776-square-foot pad situated on the 22nd floor of the upscale building situated at 100 South Pointe Drive from new in 2003 for just $3 million. The impressive spread still boasts of stunning ocean views and is listed with Julian Johnston, Crystal Connors, Mick Duchon and Eloy Carmenate, all from Corcoran Group, at a sale price of $21 million. A separate studio apartment situated on the fourth floor of The Continuum and a spacious bi-level cabana by the private beachfront pool is included in the sale price, and Corcoran is marketing all three properties together as complementary assets.
“The studio is a perfect addition for a live-in maid or even to accommodate overnight guests,” according to co-listing agent Johnston. “The cabanas have a mezzanine and are useful to store your surfboards and beach gear. But some residents use them as an office, and you get the nice cool breezes rolling in off the ocean.” The condo currently constitutes three bedrooms and three full baths, plus a half bath off the large open-plan living, dining and kitchen area. Unit 2203 is in pristine condition with top-line Poggenpohl-designed kitchens and bathrooms standard to The Continuum.
But it isn’t the swanky fixtures that immediately impress. The panoramic view of the Atlantic Ocean, Fisher Island and the Miami skyline via wraparound window walls is an instant selling point. “It has 180-degree views, and because it faces south and west, you get the sunrise in the morning and the sunset in the evening,” said Johnston. “And you don’t get the direct glaring afternoon sun. It truly is the best of the best.”
The massive almost 5,000-square-foot unit is double the size of the average Miami home, and The Continuum building sits on a whopping 13.5 private acres. “It’s the largest condominium footprint on Miami Beach,” said Johnston. The resident also has access to extensive amenities, including multiple swimming pools, a state-of-the-art 20,000-square-foot fitness and spa center, three clay tennis courts, concierge services, valet parking and car washing, 24-hour security, and private beach access.
The Continuum is in Miami Beach’s desirable “South of Fifth” neighborhood, away from Miami’s tourist masses, and within proximity to its top restaurants. The enviable location affords residents more excellent restaurants, a good walkability factor, yoga pavilion, dog park, playground, and proximity to the park.
FAQs
What is the cost of Jim Chanos’ Miami Beach Penthouse?
The impressive spread still boasts stunning ocean views and is listed with Julian Johnston, Crystal Connors, Mick Duchon, and Eloy Carmenate, all from Corcoran Group, at a sale price of $21 million. A separate studio apartment situated on the fourth floor of The Continuum and a spacious bi-level cabana by the private beachfront pool is included in the sale price, and Corcoran is marketing all three properties together as complementary assets.
What makes Jim Chanos’s Miami Beach Penthouse attractive?
The panoramic view of the Atlantic Ocean, Fisher Island, and the Miami skyline via wraparound window walls is an instant selling point. The massive almost 5,000-square-foot unit is double the size of the average Miami home, and The Continuum building sits on a whopping 13.5 private acres. The Continuum is in Miami Beach’s desirable “South of Fifth” neighborhood, away from Miami’s tourist masses, and within proximity to its top restaurants.
What amenities does the Continuum building offer?
The resident has access to extensive amenities, including multiple swimming pools, a state-of-the-art 20,000-square-foot fitness and spa center, three clay tennis courts, concierge services, valet parking and car washing, 24-hour security, and private beach access.
What is the selling point of the Jim Chanos’ Miami Beach Penthouse?
The panoramic view of the Atlantic Ocean, Fisher Island, and the Miami skyline via wraparound window walls is an instant selling point. The property is situated in Miami Beach’s desirable “South of Fifth” neighborhood, away from Miami’s tourist masses, and within proximity to its top restaurants. The massive almost 5,000-square-foot unit is double the size of the average Miami home, and The Continuum building sits on a whopping 13.5 private acres. The resident has access to extensive amenities, including multiple swimming pools, a state-of-the-art 20,000-square-foot fitness and spa center, three clay tennis courts, concierge services, valet parking and car washing, 24-hour security, and private beach access.
Jim Chanos, Enron’s short seller, requests $25 million for his residence in Miami Beach.
After two decades of owning a luxurious Miami Beach “mega condo” with breathtaking ocean views, Jim Chanos, the president and founder of Kynikos Associates, is putting the property up for sale. The condo, located on the 22nd floor of The Continuum, was purchased by Chanos for just over $3 million in 2003 and is currently listed by the Corcoran Group for $21 million. However, the asking price includes a separate studio apartment on the fourth floor of The Continuum and a spacious bi-level cabana by the private beachfront pool. The 4,776-square-foot unit is configured with three bedrooms, three full baths, and a half bath off the open-plan living, dining, and kitchen area. The condo boasts top-line Poggenpohl-designed kitchens and bathrooms standard to The Continuum, as well as panoramic ocean views through wraparound windows and more than 5,000 square feet of space.
Unit 2203 is currently in its original condition with bespoke marble flooring that Chanos chose, but co-listing agent Julian Johnston said, “It’s move-in ready or it’s a blank canvas for someone to create their dream home.” The Continuum building sits on 13.5 private acres, giving residents room for expansive amenities, including concierge services, valet parking and car washing, and private beach access. “It’s about space, it’s about lifestyle—it’s about luxury,” said Johnston.