The Real Deal Miami

Software exec buys spec townhome in Highland Beach for $9M

The four-story home was listed for $9.96M

January 25, 2016 12:45PM
By Katherine Kallergis

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4521 South Ocean Boulevard in Highland Beach

4521 South Ocean Boulevard in Highland Beach

A Hungarian diplomat has sold a spec townhome in Highland Beach for $8.75 million.

Mark Malis

Mark Malis

Software executives Mark and Candace Malis bought one of two new units at 4521 South Ocean Boulevard. The five-bedroom, six-bathroom home spans 7,900 square feet under air and 11,000 square feet including terraces and garage space, according to property records. It sold for $1,100 per square foot based on under-air space.

The four-story home was listed for $9.96 million. The beachfront home was designed by Delray Beach-based Randall Stofft Architecture and Marc-Michaels Interior Design, based in Boca Raton. It features marble and wood floors, a fireplace, pool, Jacuzzi, cabana, covered patio and access to the beach.

Ralph Harvey of ListWithFreedom.com listed the property, but did not represent the buyer or seller.

Mark Malis is CEO and co-founder of QQSolutions, a provider of cloud-based agency management systems for insurance companies, according to the company’s website. He runs the Deerfield Beach-based company with his wife, Candace, who works on strategic planning, operational management, marketing and finance.

The seller is Sea Frolic LLC, an entity managed by Tibor Toth.

Palm Beach County records show the Highland Beach land last sold for nearly $3 million in 2012.

Early in January, a development group paid $11 million for a 1-acre oceanfront parcel at 3621 Ocean Boulevard also in Highland Beach.

An earlier version of this story incorrectly identified the sales price as $8.45 million and the seller as former Hungarian diplomat Tibor Toth. The home sold for $8.75 million, and Toth shares the same name as the former United Nations representative. 

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