The Real Deal Miami

Oceanfront Boynton Beach spec mansion sells for $13.6M

Custom homebuilder Mark Timothy bought the property in June for $5.5M

February 26, 2016 10:30AM
By Katherine Kallergis

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6125 North Ocean Boulevard

Rendering of 6125 North Ocean Boulevard

Luxury homebuilder Mark Timothy has sold a newly built oceanfront estate in Boynton Beach for $13.6 million, county records show.

Floor plan

Floor plan

The 11,000-square-foot mansion at 6125 North Ocean Boulevard has five bedrooms and eight full bathrooms, according to the listing. The Boca Raton-based developer paid $5.5 million for the 1.2-acre property in June.

The spec home features an open floor plan, covered loggias, a gourmet kitchen, butler’s pantry, two living rooms, a game and billiard room, bar and wine room, and a four-car garage. Corcoran agents Randy Ely and Nicholas Malinosky were the listing agents. They listed the property in August for $18.95 million, then lowered the price in January to $17.95 million.

Palm Beach County records show the buyer is Watersedge 21 Properties LLC. The company lists a New York address, which ties back to Edgewater 21 Properties LLC. Financing was not recorded as part of the deal.

The Boynton Beach estate also includes 115 of beach frontage, a second-floor master suite and loft, an oceanside pool, spa and cabana and a full-house generator. It was designed by Marc Michaels Interiors and Affinity Architects.

Marc Timothy specializes in multimillion-dollar estates in South Florida, especially in Palm Beach County.