The Real Deal Miami

Boca penthouse sells for $10.4M

June 16, 2011 09:58AM

A penthouse at the One Thousand Ocean condominium in Boca Raton has been
sold for $10.4 million, the Corcoran Group announced. The all-cash
transaction works out to an average of $1,500 per square foot. Corcoran’s Senda Adzem represented the buyers
in the deal, which marked the first penthouse sold at the project since sales launched in 2006. “Boca Raton offers an unparalleled exclusivity and
lifestyle that is synonymous with Palm Beach County,” Adzem said.
“Although Boca’s desirable oceanfront largely retained its value during
the recession, the sale of the Ocean Penthouse represents a great boost
for the luxury market segment.” TRD