One Thousand Ocean penthouse sold for $11.7M

Miami /
Jun.June 06, 2013 03:00 PM

UPDATED, 4:08 p.m., June 6: A penthouse known as “The Shore” at the oceanfront condominium building One Thousand Ocean in Boca Raton has sold to an undisclosed buyer for $11.7 million, or $1,547 per square foot, according to a release from the development.

That makes it the third largest sale for a condominium in Palm Beach County history. The highest-dollar condo transaction was $17.45 million for a 5,798-square-foot penthouse at Il Lugano Palm Beach on May 15, followed by $11.95 million for a condo and cabana at Two North Breakers Row in Palm Beach, the Palm Beach Daily News had reported.

The 7,550-square-foot condo also has 4,591 square feet of wraparound terraces. It features a private elevator lobby, 14-foot ceilings, glass walls, an outdoor kitchen, a private poolside cabana and a private three-car garage.

Tim Shane of Meridian Realty represented the buyer for the deal. The building’s developer is LXR Luxury Resorts & Hotels.

This is the building’s fifth and final penthouse to be sold, and the fourth one sold since March. A 4,628-square-foot penthouse known as “The Sky” sold to an undisclosed buyer for $7 million last month, as previously reported. All but two of the 53 residences in the building have been sold. — Mark Maurer


Related Articles

arrow_forward_ios
Derek Jeter and his Tampa mansion (Getty, Smith & Associates Real Estate/Luxury Portfolio International)
Jeter sells waterfront Tampa estate for record $23M
Jeter sells waterfront Tampa estate for record $23M
Palazzo Della Luna at 6800 Fisher Island Drive (Photo via Palazzo Della Luna)
Miami-Dade weekly condo sales, dollar volume up at year-end
Miami-Dade weekly condo sales, dollar volume up at year-end
(Google Maps, Fisher Island)
Miami-Dade condo sales, dollar volume fall during holiday week
Miami-Dade condo sales, dollar volume fall during holiday week
Map and Palazzo Della Luna, Miami Beach (Google Maps)
Condo sales, dollar volume rise last week in Miami-Dade
Condo sales, dollar volume rise last week in Miami-Dade
515 East Dilido Drive with Jonathan Cox (Douglas Elliman, Federated Cos.)
Federated Cos. developer buys waterfront Venetian Islands home
Federated Cos. developer buys waterfront Venetian Islands home
(Google Maps)
$35M closing at Faena House leads Miami’s weekly condo sales
$35M closing at Faena House leads Miami’s weekly condo sales
(Google Maps)
Condo sales rebound in Miami-Dade after Thanksgiving
Condo sales rebound in Miami-Dade after Thanksgiving
Pamela Applebaum and The Bristol
Daughter of drugstore mogul sells Bristol condo unit for $16M
Daughter of drugstore mogul sells Bristol condo unit for $16M
arrow_forward_ios

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

Loading...