Miami, FL

Enron short seller Jim Chanos lists Miami Beach ‘mega condo’ for $25M

Published

1 year ago

May 26, 2023

Enron short seller Jim Chanos lists Miami Beach ‘mega condo’ for M

After 20 years of calling a luxurious Miami Beach “mega condo” with spectacular ocean views home, investor Jim Chanos is moving on.

As reported in the Wall Street Journal, Chanos, the president and founder of Kynikos Associates, just put this property on the market for $25 million.

Not bad, especially considering Chanos bought the impressive 4,776-square-foot pad situated on the 22nd floor of the swanky The Continuum brand-new in 2003 for just over $3 million. Still, Chanos has a reputation as a sharp business analyst, specializing in short sales — notably predicting the fall of Enron before it filed for bankruptcy in 2001, and pocketing handsome proceedings for his foresight.

Located at 100 South Pointe Drive, the home is listed with Julian Johnston, Crystal Connors, Mick Duchon and Eloy Carmenate, all of the Corcoran Group, at $21 million. However, for that $25 million asking price, a separate studio apartment on the fourth floor of The Continuum, and a spacious bi-level cabana by the private beachfront pool are included — and Corcoran is marketing all three together as complementary assets.

Jim Chanos.

NBCU Photo Bank/NBCUniversal via Getty Images

A view of the home's layout and wide views through floor-to-ceiling exposures. — A view of the home’s layout and wide views through floor-to-ceiling exposures.

“The studio is a perfect addition for a live-in maid or even to accommodate overnight guests,” co-listing agent Johnston told The Post. “The cabanas have a mezzanine and are useful to store your surf boards and beach gear. But some residents use them as an office — you get the nice cool breezes rolling in off the ocean.”

That comes in handy if the work-from-home mogul wants a change from the two interior offices.

The condo is currently configured with three bedrooms and three full baths, plus a half bath off the large open-plan living, dining and kitchen area. Unit 2203 is in original condition with top-line Poggenpohl-designed kitchens and bathrooms standard to The Continuum, but with the bespoke marble flooring that Chanos chose.

“It’s move-in ready or it’s a blank canvas for someone to create their own dream home,” said Johnston.

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 really is the best of the best.”

Another wow factor is space. Not only is the almost 5,000-square-foot condo about twice the size of the average Miami home, but The Continuum building sits on a whopping 13.5 private acres.

“It’s the largest condominium footprint on Miami Beach,” said Johnston. Which means more room for expansive 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 sale, for $25 million, would also include a cabana.

The property comes with pristine ocean views. — The property comes with pristine ocean views and prime beach proximity.

The home also has sunrise and sunset views.

“The amenities are superb. It has a private onsite restaurant by the pool and Catch just opened up by the building’s entrance,” Johnston noted of the New York City chain eatery’s new Miami branch.

Not that the neighborhood has a shortage of places to eat. The Continuum is located in Miami Beach’s desirable “South of Fifth” neighborhood, both tucked away from Miami’s tourism masses, but also within proximity to its top restaurants. Add in proximity to the beach and a good walkability factor, too.

“It’s right on the breakwater, near South Pointe Park, which just had a fantastic $15 million renovation,” said Johnston. “There’s a yoga pavilion, a dog park and a playground. You can walk to the park and then sit at Smith & Wollensky having drinks, overlooking the ocean,” he added.

South Florida’s residential charms have yet to wane after the pandemic influx — and Chanos intends keeping a residence there, opting for a single-family home in Coral Gables.

“Miami’s market has cooled a little,” said Johnston of the early 2020s boom. “But inventory is low. Given this property’s location and stunning oceanfront views, it is one of the hottest condos on the market. Even within The Continuum, it is in the more desirable South Tower, which is bigger than the North — the footprints are bigger, better.

“It’s about space, it’s about lifestyle — it’s about luxury, “ said Johnston. And that view? “That view can’t be beat,” he added.

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Miami, FL

Triple shooting in NW Miami-Dade under investigation

Published

2 hours ago

November 22, 2024

Press Room

Triple shooting in NW Miami-Dade under investigation – CBS Miami

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Miami-Dade police are investigating a triple shooting that injured three people Thursday night in Northwest Miami-Dade.

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Miami, FL

Miami-Dade prison inmate sets his cell on fire, investigators say

Published

13 hours ago

November 21, 2024

Press Room

Miami-Dade prison inmate sets his cell on fire, investigators say

MIAMI – Florida Department of Corrections officers recently asked Bureau of Fire, Arson & Explosives Investigations detectives to figure out how a 26-year-old prison inmate set his cell on fire.

Correctional officers accused Jeronimo Rosario of setting the fire shortly after 11:05 a.m., on Wednesday inside his locked prison cell at the Dade Correctional Institution.

BFAEI detectives reported Rosario likely removed the protective plexiglass cover from his cell’s light fixture, accessed the electric wires, and burned cloth from a towel.

FDOC records show Rosario has been in prison since March 1, 2023 after convictions of grand theft vehicle, fleeing and eluding police, and battery on police/fire.

Before the fire, Rosario was set to be released from prison on Feb. 2. On Thursday, he was facing charges of preventing or obstructing extinguishing a fire and lewd or lascivious exhibition at a correctional facility.

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Miami, FL

For No. 11 Miami, this weekend's game with Wake Forest may feel like a playoff contest

Published

21 hours ago

November 21, 2024

Press Room

For No. 11 Miami, this weekend's game with Wake Forest may feel like a playoff contest

MIAMI GARDENS, Fla. — Officially, the College Football Playoff field gets announced on Dec. 8 and the first game of the tournament is on Dec. 20.

Those dates don’t really apply to Miami. For the Hurricanes, the CFP may as well start now.

A win this week means Miami’s playoff chances live on and a loss this week means hope is almost certainly over for the Hurricanes. No. 11 Miami (9-1, 5-1 Atlantic Coast Conference, No. 8 CFP) plays host to Wake Forest (4-6, 2-4) on Saturday, now with little room for error after falling to Georgia Tech two weeks ago.

“We’re going to be locked in regardless,” Miami quarterback Cam Ward said. “We’re not really worried about no room for error. Play like that, you mess up. Even when you play good, you’re going to mess up at some point. So, that has no meaning to us.”

If Miami wins Saturday and again next weekend at Syracuse, the Hurricanes will be heading to the Atlantic Coast Conference title game in Charlotte on Dec. 7. But coach Mario Cristobal’s mantra all season has been that no good comes from looking ahead. It has become cliche at Miami: “go 1-0 this week” is the phrase that has been uttered by players and coaches countless times.

“There’s too much going on in the outside world,” Cristobal said. “There’s too much clutter, there’s too much coverage and hype and noise to really do anything else but make sure your guys are focused on the task at hand. … Without a doubt, that’s been emphasized and that’s not going to change.”

There’s much on the line for Wake Forest as well this week. The Demon Deacons aren’t going to the ACC title game or the CFP, but an upset win Saturday and then a victory over Duke next week would get Wake Forest to 6-6 and likely to a bowl. Wake Forest didn’t make a bowl last year, snapping a seven-year streak of reaching one.

Wake Forest quarterback Hank Bachmeier (9) looks to pass during the first half of an NCAA college football game against North Carolina, Saturday, Nov. 16, 2024, in Chapel Hill, N.C. Credit: AP/Chris Seward

“Our practices are good. They’re lively. Guys are into it,” Wake Forest coach Dave Clawson said. “We have a bunch of guys that are in their last year of football and they’re trying to, in the words of Warren Zevon, enjoy every sandwich. And then you have some young guys that are playing for the first time ever that are just excited to be playing.”

A rare matchup

Calling Miami and Wake Forest “conference rivals” is a stretch, since the schools haven’t played since 2013. Clawson is in his 11th year at Wake Forest; he’s had more ACC games against Stanford (one) and Cal (one) than he has Miami (zero). The schools next play in 2026 in what’ll be Miami’s first trip to Winston-Salem in 17 years. “I thought about all those years that they were struggling, and then the year we get them they’re 9-1,” Clawson said.

Injury watch

A trio of injured Hurricanes — cornerback Damari Brown, defensive lineman Elijah Alston and offensive lineman Ryan Rodriguez — are “close” to returning and could all be game-time decisions Saturday. Brown would be an especially key returnee, since Miami is getting very thin in the secondary. For Wake Forest, starting quarterback Hank Bachmeier is expected to play. He was knocked from last week’s loss to North Carolina because of an issue with his left shoulder.

Miami senior day

The Hurricanes will pay tribute to 27 seniors before their final home regular season game, including Ward, WR Xavier Restrepo, K Andres Borregales and ninth-year TE Cam McCormick — now healthy after years and years of dealing with injuries. “I wouldn’t have changed my journey. If I could do it again, I would do it again,” McCormick said.

Magic number: 31

Wake Forest is 4-0 this season when holding teams under 31 points, 0-6 otherwise. Miami is 9-0 when scoring that many, 0-1 otherwise.

In the rankings

The Hurricanes entered this week leading the nation in yards per game, points per game and yards per play, all a big reason why Ward is considered the Heisman Trophy favorite. He says Miami’s offensive line deserves more credit. “If you don’t have an O-line, you can’t do anything,” Ward said.

___

AP Sports Writer Aaron Beard contributed to this report.

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