Renovated Palm Beach condo commands $3.08M

The sellers bought the condo for $1..5 million in 2014 and extensively renovated it

TRD MIAMI /
Dec.December 03, 2016 04:30 PM

A renovated condo in the South End neighborhood of Palm Beach sold for $3.08 million.

The price breaks down to $796 per square foot for Unit 2C3 at The Stratford condominium, 2580 South Ocean Boulevard.

Douglas Elliman agent Joan Wenzel, who represented the seller, told the Palm Beach Daily News the actual price was higher because the buyer sold the condo’s furnishings in a separate transaction.

The unit spans 3,867 square feet of living space indoors and on wrap-around balconies. It was

Wenzel had listed Unit 2C3 with an asking price of $3.75 million for approximately six months before the buyer signed a purchase contract in late September.

Louise Wechsler and Raymond H. Wechsler bought the residence. Two agents of The Fite Group, Gary Little and Lynn Warren, represented them in the transaction.

The sellers, John F. and Marta Schaefer, had purchased the condo unit for $1.5 million in 2014 and extensively renovated the property, built in the late 1970s, before they sold it in mid-November. [Palm Beach Daily News]Mike Seemuth


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