The Real Deal Miami

One Thousand Ocean penthouse sold for $11.7M

Sale of 5,798-square-foot unit is the third priciest for a condo in county history

June 06, 2013 03:00PM

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One Thousand Ocean in Boca Raton

UPDATED, 4:08 p.m., June 6: A penthouse known as “The Shore” at the oceanfront condominium building One Thousand Ocean in Boca Raton has sold to an undisclosed buyer for $11.7 million, or $1,547 per square foot, according to a release from the development.

That makes it the third largest sale for a condominium in Palm Beach County history. The highest-dollar condo transaction was $17.45 million for a 5,798-square-foot penthouse at Il Lugano Palm Beach on May 15, followed by $11.95 million for a condo and cabana at Two North Breakers Row in Palm Beach, the Palm Beach Daily News had reported.

The 7,550-square-foot condo also has 4,591 square feet of wraparound terraces. It features a private elevator lobby, 14-foot ceilings, glass walls, an outdoor kitchen, a private poolside cabana and a private three-car garage.

Tim Shane of Meridian Realty represented the buyer for the deal. The building’s developer is LXR Luxury Resorts & Hotels.

This is the building’s fifth and final penthouse to be sold, and the fourth one sold since March. A 4,628-square-foot penthouse known as “The Sky” sold to an undisclosed buyer for $7 million last month, as previously reported. All but two of the 53 residences in the building have been sold. — Mark Maurer

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