One Thousand Ocean penthouse condo sold for $7M

A 4,628-square-foot penthouse at the oceanfront condominium building One Thousand Ocean in Boca Raton has sold to an undisclosed buyer for $7 million, the Sun-Sentinel reported.

Known as “The Sky,” the unit marks the third sale of a penthouse there since March. The last of the five penthouses remains unsold – at a $12.9 million asking price – as do two other condos in the 53-unit complex. Its developer, LXR Luxury Resorts & Hotels, said the building may sell out in the next few months.

The unit also features a three-car garage, private poolside cabana, a private elevator and two terraces that add an extra 2,343 square feet.

Stephan Cotton, who handles sales at One Thousand Ocean for LXR Realty, told Real Estate Weekly earlier this month that New Yorkers make up the largest percentage of his customer base.

Last month, a unit there sold for $5.8 million. At $1,425 per square foot, the unit netted the highest resale value at the project for a home re-sold in less than 190 days, as previously reported. [Sun-Sentinel] –Mark Maurer