With bristles bedrooms, an beach accommodation at the Sun and Surf, 100 Sunrise Ave., afresh entered the bounded assorted advertisement account at $18.75 million, a record-setting allurement amount for a Palm Beach condominium.
Palm Beach has apparent a new almanac set for the allurement amount of a condominium.
A afresh adapted beach accommodation in the Sun and Surf development is actuality marketed at $18.75 million, the best big-ticket abode anytime listed in town, according to the bounded assorted advertisement service.
Broker Lawrence Moens of Lawrence A. Moens Associates has the advertisement for PH 2, a five-bedroom abode at 100 Sunrise Ave., a block arctic of The Breakers. Moens beneath to animadversion about the property.
The apartment, on the top attic of the east architecture in the two-building development, is broadly advised by absolute acreage assemblage to be amid the best amazing in town, acknowledgment in allotment to its area and abundant views. Glass doors and windows on three abandon accessible to ample terraces, capturing direct-ocean vistas to the north, east and south, forth with south angle of The Breakers Golf Course. The accommodation additionally affords advanced southwest angle of the West Palm Beach skyline.
The abode has 8,841 aboveboard anxiety of absolute space, central and on the terraces. About 5,000 aboveboard anxiety is beneath air conditioning, according to the Palm Beach Board of Realtors Assorted Advertisement Service. The allurement amount works out to $2,120 per aboveboard foot, based on the absolute size.
The abode is endemic by a Delaware bound accountability aggregation called Magis LLC, which in 2014 bought the assemblage for a recorded $7.8 million, including a double-size beach cabana anon beneath it on the arena floor.
The condo’s advance took added than two years to complete, annal show. The activity included stone, abundant asphalt assignment and added accomplished materials. It additionally added a well-equipped kitchen that is accessible to the abundant allowance and the ancestors room, according to sources accustomed with the project. The adept accommodation has arctic ocean views.
The 2014 auction set a architecture amount almanac at the time. The owner’s commitment abode is listed in acreage annal as actuality in affliction of Jonathan Loeck of The Ayco Co., a banking advising close in Saratoga Springs, N.Y., according to acreage records. Loeck has ahead beneath to altercate the condo’s ownership.
In the 2014 , Magis LLC was represented by the backward Susan Polan, who was afresh an abettor at Illustrated Properties but was at Douglas Elliman Absolute Acreage back she died in December. In the 2014 , Corcoran Group agents Paulette Koch and Dana Koch had the listing, apery the acreage of the backward Carol Stone.
The Sun and Surf was developed in 1970 but afresh underwent a above advance that adapted its accepted areas and adequate its exterior.
The accommodation advertisement beats the $17.5 actor amount entered into MLS in January for a new accommodation with a rooftop terrace planned for the Tiffany Architecture at 259 Worth Ave. That advertisement went on a summer aperture a brace of weeks ago, said Douglas Elliman abettor Gary Pohrer, who is co-listing the abode with Elliman’s John Reynolds. Construction is accepting underway this summer, and the five-bedroom accommodation will be marketed afresh abutting season, Pohrer said.
The Tiffany Architecture abode will accept about 13,000 aboveboard anxiety of active space, central and out, with about 9,876 beneath air conditioning. If a client paid abounding amount for the condo, the amount would assignment out to about $1,350 per aboveboard foot, based on its absolute measurement.
In 2018, a aggregation affiliated with Kean Development Co. and Hyde Retail Partners bought the Tiffany Architecture for $20 actor application funds managed by an associate of Fortress Investment Group. New York-based Fortress has a administration arrangement with Gannett Co. Inc., the ultimate ancestor of the administrator of the Palm Beach Daily Account and The Palm Beach Post.
In backward 2017, a three-bedroom beach abode at 104 Gulfstream Road — on the top attic of the two-unit Las Ventanas architecture — entered the MLS at $16.9 million. But the amount has back been bargain to $13.89 actor by agent Christian Angle of Christian Angle Absolute Estate. That condo, with 7,700 absolute aboveboard feet, is the melancholia home of Larry and Caren Morassutti.
The best big-ticket MLS-listed abode anytime to change easily in Palm Beach was awash in 2017 for its allurement amount of $15.5 actor at 2 N. Breakers Row. That beach condo, a 3,761-square-foot unit, brought $4,121 per aboveboard foot, ambience a per-square-foot amount almanac in Palm Beach. In that , Robert A. Meister awash No.S-44 to Richard A. Friedman. Moens handled both abandon of that transaction.
The best big-ticket abode anytime to advertise in Palm Beach wasn’t listed in the MLS back it afflicted easily in 2013 for a recorded $17.45 actor at beach Il Lugano, 300 Seminole Ave. The client bought No. 6A for $2,973 per aboveboard foot, ample on its admeasurement of 5,870 absolute aboveboard feet.
In the Il Lugano , financier Lee Munder and his jewelry-designer wife, Laura, awash their four-bedroom accommodation to a aggregation associated with financier Jonathan Tisch and his wife, Lizzie. Abettor Jim McCann — afresh of the Corcoran Group and today with Premier Acreage Properties — has said he took allotment in the auction but won’t animadversion further.
Darrell Hofheinz writes about absolute acreage in his account “Beyond the Hedges” column. He welcomes account items about Palm Beach absolute acreage for this column. Email email@example.com, alarm 820-3831 or cheep @PBDN_Hofheinz.
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