One of the biggest condos ever to hit Palm Beach County has just been put up for sale. The asking price? $9.95 million.
The unit is a duplex in Luxuria, a 10-story condo tower on South Ocean Boulevard in Boca Raton. It measures 8,900 square feet and takes up two thirds of the building’s fifth floor.
While most duplexes start out as two separate units that get spliced together, listing agent Keith Neff told The Real Deal that the developer put these two units aside pre-construction. They were built as one contiguous space, and were delivered raw to the owner — an unnamed investor.
The owner then brought in his own designer to build out the space. He put in marble floors, floor-to-ceiling glass, Miele appliances and Venetian plaster walls.
Neff, of Nestler Poletto Sotheby’s International Realty, said the home is a perfect space for entertaining. It has an industrial-sized kitchen with two ovens and a gas range, another kitchen on the wrap-around terrace, yet another kitchen in the master bedroom, plus a media room and spa.
And in addition to those rooms, the designer managed to fit in two offices, a library, six bedrooms, seven bathrooms and one half-bath.
MLS data shows that if sold, unit 502 in Luxuria will be the biggest condo to sell since 2004. That title would have stretched back to 1997 — the earliest year recorded — if not for a couple of 9,000-square-foot units in Palm Beach that sold in 2004.
The unit’s current competition is an 8,500-square-foot condo in Toscana North, a condo building in Highland Beach. That residence was pieced together from four separate units, and is selling for $6.495 million.
Of course, this is all for Palm Beach County. The mega-condo movement has gained traction in Miami, which has seen developers pitch units that push 10,000 square feet, often blowing past the size of a traditional mansion.