The celebrity exodus from Miami continues.
First, Madonna and Sylvester Stallone left — now, Michael Caine is following in their footsteps, reports The New York Post.
The two-time Oscar-winner has sold his South Beach condo for $2.6 million to local real-estate developer John Forte. Caine bought the 10,000-square-foot unit in March 1994 for $1.8 million, but it took five years for the Sunset Harbor tower to be erected.
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"In the time it took the penthouse to be built, Michael started cranking out movies," said real-estate agent Jackie Aaronson. "He doesn't need a vacation home anymore."