Ocean’s Edge at Singer Island all sold out

Appraiser's office says asking price for $1M-plus units is much higher than in 2010

TRD MIAMI /
Aug.August 06, 2013 03:00 PM

All 40 condominium units, averaging $2.3 million apiece, have sold out at Ocean’s Edge at Singer Island in Palm Beach County, the Palm Beach Post reported.

Most of the units in the 18-story building are priced at more than $1 million and range from 2,800 square feet to 7,900 square feet in size.

The prices are representative of the significant price growth in the county. Three years ago, a 2,800-square-foot three-bedroom, two-bathroom unit — one of the smaller units at Ocean’s Edge — would have been listed for $800,000, the Palm Beach County Property Appraiser’s office told the newspaper.

Meanwhile, in other South Florida counties, home prices are expected to drop, as previously reported. A CoreLogic Case-Shiller report projected that Miami-Dade prices will fall 2.7 percent and Broward prices will drop 2.6 percent from the first quarter of this year to that same period next year.

The Toll Brothers condo property at 5050 North Ocean Drive was built in 2005. [Palm Beach Post]Mark Maurer


Related Articles

arrow_forward_ios
InterContinental Miami, Hilton Singer Island Oceanfront/Palm Beaches Resort (Credit: InterContinental and Google Maps)

InterContinental Miami, Hilton Singer Island lay off 465 employees

InterContinental Miami, Hilton Singer Island lay off 465 employees
Rendering of Singer Island Gateway

Palm Beach dentist sells Singer Island condo dev site for $13M

Palm Beach dentist sells Singer Island condo dev site for $13M
Amid lagging sales, Compass hired for Amrit condo project on Singer Island

Amid lagging sales, Compass hired for Amrit condo project on Singer Island

Amid lagging sales, Compass hired for Amrit condo project on Singer Island
On the scene: Amrit Ocean Resort & Residences talks wellness & more

On the scene: Amrit Ocean Resort & Residences talks wellness & more

On the scene: Amrit Ocean Resort & Residences talks wellness & more
Indian developer revives Singer Island condo project from the last bust

Indian developer revives Singer Island condo project from the last bust

Indian developer revives Singer Island condo project from the last bust
Singer Island Ocean Mall Retail Center sells for $7.55 M

Ocean Mall on Singer Island sells for $7.55M

Ocean Mall on Singer Island sells for $7.55M
New condo development proposed for Singer Island

New condo development proposed for Singer Island

New condo development proposed for Singer Island
On the scene at VistaBlue Singer Island broker preview: PHOTOS

On the scene at VistaBlue Singer Island broker preview: PHOTOS

On the scene at VistaBlue Singer Island broker preview: PHOTOS
arrow_forward_ios

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

Loading...