MIAMI BEACH, FL -- Mar 31, 2011 / (http://www.myprgenie.com) -- The DS Team of Keller Williams Miami Beach Realty has sold Residence 1402 in the tony Apogee South Beach Condominium of the South of Fifth neighborhood in South Beach. The DS Team listed Financier Jay Chitnis' property for sale in November 2010, which was just purchased for $4.995 million by Financier, David Herro. Residence 1402 is 3,103sq.ft with over 1,000sq.ft of terraces. Its sale at $1,610 per square foot is a record-breaking sales price for this floorplan. This is the second sale at Apogee for The DS Team in less than 12 months, where they also sold Residence 504 for $5.350 million in July 2010. For further details on the incredible upturn in the Miami Beach Luxury Condominium marketplace, Dina Goldentayer and SladjaStantic, principles of The DS Team (www.TheDSTeam.com), are available for comment via email and phone.