Category: miami beach

Food manufacturing CEO sells Continuum South Beach condo for $6.3M

Food and beverage titan Giovanni “John” LiDestri just sold his Continuum South Beach unit for $6.3 million, property records show. A trust managed by U.S. Bank bought the three-bedroom, 2,900-square-foot condo. Townhouse 4 sold for about $2,172 per square foot. LiDestri is the CEO of LiDestri Food and Beverage, a large

Aging Miami Beach rentals command $240,000 per unit

2150 Park Avenue in Miami Beach (Source: Google) A 20-unit apartment building in Miami Beach sold for $4.8 million, or $240,000 per apartment, despite the building’s limited cash flow and substantial maintenance needs. The 60-year-old rental property at 2150 Park Avenue, which includes a 7,500-square-foot lot, is located across from