Resale of One Thousand Ocean residence nets $5.8M

Miami /
Apr.April 10, 2013 03:00 PM

A unit at One Thousand Ocean in Boca Raton has sold to an undisclosed buyer for $5.8 million, according to a statement yesterday from Douglas Elliman’s Senada Adžem, who brokered the sale. At $1,425 per square foot, the unit netted the highest resale value at the LXR Luxury Resorts-developed project for a home re-sold in less than 190 days, the statement said. 

Adžem represented both the buyer, whose identity was not disclosed, and the seller, De Jong Boca Beach Club, in the deal.

Resales may soon be the only option for those looking to buy a condominium, penthouse or beach villa at the seven-story building, which hit the market in 2010. One Thousand Ocean’s website reports that this will be the final selling season at the building and that only four sponsor residences remain.

“A unique location such as this, at the tip of a private peninsula surrounded by water on three sides, is a highly desirable one,” said Jamie Telchin, president of LXR, in the statement. —Evan Bleier

CORRECTION: An earlier version of this article incorrectly identified the unit as one of the final sponsor units and a quick flip. In fact, the seller bought the unit in 2007, lived there and just sold it.


Related Articles

arrow_forward_ios
1905 Clint Moore Road in Boca Raton with Healthcare Trust of America interim President and CEO Peter Foss (Google Maps, Healthcare Trust of America)
Healthcare Trust of America buys Boca Raton medical offices for $50M
Healthcare Trust of America buys Boca Raton medical offices for $50M
RAM buys Boca Raton apartment complex for $20M
RAM buys Boca Raton apartment complex for $20M
RAM buys Boca Raton apartment complex for $20M
Steven Cohen and the Boca Raton property (Getty, Douglas Elliman)
Billionaire Mets owner Steven Cohen buys South Florida mansion for nearly $22M
Billionaire Mets owner Steven Cohen buys South Florida mansion for nearly $22M
The Residences at Uptown Boca with Cortland CEO Steven DeFrancis and the sellers Alexander Rosemurgy and Rick Giles
Cortland pays $230M for Boca Raton apartments, marking priciest multifamily sale of year
Cortland pays $230M for Boca Raton apartments, marking priciest multifamily sale of year
Jason McCarthy (Ferrari, Royal Palm Yacht & Country Club)
Professional race car driver buys Boca Raton manse for $19M
Professional race car driver buys Boca Raton manse for $19M
The $24.5 million Boca Raton mansion (Coldwell Banker via Compass)
AutoLenders CEO buys waterfront Boca Raton estate for record $25M
AutoLenders CEO buys waterfront Boca Raton estate for record $25M
Grover Corlew principal Mark Corlew with Bank of America Tower in Boca Raton (Grover Corlew)
Grover Corlew buys Bank of America Tower in Boca Raton for $45M
Grover Corlew buys Bank of America Tower in Boca Raton for $45M
Opterra Capital buys Holiday Inn & Suites Boca Raton for $13M
Opterra Capital, Montford Group buys Holiday Inn & Suites Boca Raton for $13M
Opterra Capital, Montford Group buys Holiday Inn & Suites Boca Raton for $13M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...