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The Real Deal Miami

Boca condo sells for $10.4 million

July 07, 2011 10:44AM

A penthouse at the One Thousand Ocean condominium project in Boca Raton
has been sold for $10.4 million, the biggest sale for a new-construction
oceanfront condo in Palm Beach County this year. The 6,900-square-foot
unit has nearly 4,000 feet of terraces. Corcoran’s Senada Adzem
represented the buyer, working with Maria Scarola of LXR Realty, representative of the developer. “We’re
very pleased that the penthouse has already sold, seeing as the four
penthouses were released just a few months ago,” said Jamie Telchin,
president of development for LXR, the property’s developer. He said the
project had seen $180 million in closings since the building’s
completion in February 2010. — Alexander