BlockGen founder and CEO Bill Roy sold his condo at Continuum in South Beach for $23.9 million last week, just four years after buying it for half that.
Roy sold the combined units 2803 and 2804 at 100 South Pointe Drive in Miami Beach to MB Continuum Trust, managed by Patrick Conroy, according to property records. The price amounts to $5,004 per square foot.
Conroy is a managing director and chair of the securities and finance practice at NERA Economic Consulting in New York City. Roy’s Miami-based BlockGen is a fintech startup focused on blockchain products for the mortgage industry. He previously founded the private equity division of JAM Partners, according to published reports.
Roy bought the Continuum condo for $12.1 million in 2021, property records show.
The 4,800-square-foot unit includes three bedrooms, three bathrooms and one half-bathroom. It is in the Continuum’s 42-story south tower, which Ian Bruce Eichner developed in 2002. He completed the 37-story north tower in 2008. Since then, it has attracted high-profile buyers from across industries. Last year, financier Jim Chanos, who famously shorted Enron, sold his unit for $17.8 million.
The beachfront complex totals 521 units and includes two pools, three tennis courts and an oceanfront restaurant.
Roy listed his unit for $25.9 million in March and took it off the market in July. It closed off market.
It is the latest pricey condo sale in Miami-Dade County in recent months. Earlier this month, Fort Partners sold an oceanfront penthouse at its Seaway at the Surf Club in Surfside for $86 million, a record price for the county. Shortly after, Fort sold a pair of units to billionaire Pablo Legorreta for a combined $68.7 million.On Fisher Island, Andrew Zaro of the Zaro’s Bakery family in New York paid $35.2 million for a penthouse at Palazzo Del Sol this month, making it the private island’s most expensive condo sale this year.
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