One Thousand Ocean penthouse sold for $11.7M

Sale of 5,798-square-foot unit is the third priciest for a condo in county history

TRD 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
Icon unit tops list of most expensive condo sales in Miami-Dade (Google Maps; Icon Brickell)

Condo sales and dollar volume up from last week

Condo sales and dollar volume up from last week
Oceanside Fisher Island and a map of condo sales (Credit: Google Maps)

Weekly condo sales volume in Miami drops below $40M

Weekly condo sales volume in Miami drops below $40M
A map of condo sales and Setai in Miami Beach (Credit: Google Maps)

Weekly condo sales volume in Miami drops to $50M

Weekly condo sales volume in Miami drops to $50M
A map of Miami condo sales and Ocean Tower Two (Credit: Google Maps)

Miami condo sales decline going into October

Miami condo sales decline going into October
(Google Maps, Realtor)

Miami condo sales and dollar volume both rise at end of September

Miami condo sales and dollar volume both rise at end of September
Four Seasons Residences at the Surf Club in Surfside

Miami condo sales go up, but dollar volume falls

Miami condo sales go up, but dollar volume falls
Map of condo sales and the Surf Club Four Seasons (Credit: Google Maps)

Down again: Miami condo sales declined last week

Down again: Miami condo sales declined last week
Map of condo sales and Grove at Grand Bay at 2675 South Bayshore Drive (Credit: Google Maps)

Miami condo sales rise in first week of September

Miami condo sales rise in first week of September
arrow_forward_ios

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

Loading...