The Real Deal Miami

West Palm apartment complex sells for $10M

156-unit complex last sold for $3.45M in 1985

March 03, 2015 04:30PM
By Katherine Kallergis

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Essex House apartments in West Palm Beach

Essex House apartments in West Palm Beach

An apartment complex in West Palm Beach sold for $10 million, according to Broward County records.

Essex House apartments, at 537 South Sequoia Drive, sold to HH Essex House last week. The 3.85-acre site last sold for $3.45 million in 1985.

Bajon Enterprises was the seller. The buyer obtained a $7 million mortgage from Stonegate Bank for the property, which includes four buildings, 156 units and a community pool.

The buyer is an affiliate of Harvest Holdings, a Delray Beach-based holdings company with an address of 120 North Swinton Avenue, corporate records show.

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