Boca penthouse sells for $8.7M

Seller also owns portfolio of Broward hotels

TRD MIAMI /
Sep.September 21, 2015 09:45 AM

A penthouse at the One Thousand Ocean condo tower in Boca Raton was just sold for $8.7 million — exactly the same price it last sold for in 2013, Palm Beach County records show. 

The condo is a three-bedroom, three-bathroom unit on the northeast corner of the building at 1000 South Ocean Boulevard. It boasts views of the Atlantic Ocean through floor-to-ceiling windows and has a decadent style, with gold-colored furniture, white tile floors and an ornately designed ceiling. A listing for the unit said it’s never been occupied.

The previous owner is a company named PH 704 One Thousand LLC, managed by Ukrainian investor Zoran Zelenikovsk. He paid $8.7 million to acquire the unit from the developer in 2013.

Zelenikovsk brought on a contractor for a complete build-out of the unit two months after his purchase, indicating that the penthouse was still raw when he bought it, according to Miami-Dade property records.

In a deed recorded Thursday, Zelenikovsk sold unit 704 to another company titled Zorna Investments LLC, managed by local lawyer and Realtor Tim A. Shane. The recorded price was $8.7 million.

Shane was also listed as a registered agent for Zelenikovk’s company that first purchased the unit.

MLS data shows that the unit was last listed in November for $11.5 million. The price was later chopped to $9.95 million before closing in September.

Zelenikovsk is also a managing member of Florida Development Group, which is based in Boca Raton. The company has purchased nine mid-century hotels in Lauderdale-by-the-Sea during the last two years for tens of millions of dollars.


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
Mahnaz Zahedi pictured with her parents in 1962 (inset) and  444 E Alexander Palm Road (Getty, Zillow)

Iranian princess sells her waterfront Boca Raton home for $6M

Iranian princess sells her waterfront Boca Raton home for $6M
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
The Principal Richard Caster, Monica Mayotte and Andrea O’Rourke of Boca Raton City Council, and 2600 North Ocean Boulevard, Boca Raton (Credit: Azure Development)

Appeals court orders another vote on proposed Boca Raton beach duplex

Appeals court orders another vote on proposed Boca Raton beach duplex
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
arrow_forward_ios

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

Loading...