Ohio firm buys Jupiter apartment complex for $26.7M

Sea Brook Place apartments sold for $256,731 per unit

Jun.June 02, 2017 01:17 PM

1026 South US Highway 1

An apartment complex in Jupiter just sold for $26.7 million to an affiliate of the Ohio-based real estate developer company Pleasant Valley Corp., records show.

The Sea Brook Place apartment complex at 1026 South US Highway 1 has 104 units, records show. It has about 82,197 square feet, according to Zillow.

Mangrove Bay Housing LLC, an affiliate of Palm Beach Gardens-based Eastwind Development led by John F. Weir, sold the multifamily complex for $325 per square feet. The sale price breaks down to $256,731 per unit.

The Sea Brook Place apartments were built in 2014, and contain three buildings on 4.68 acres, records show.

Eastwind Development was active last year in South Florida’s multifamily boom. The company sold two apartment communities for a combined $66 million last April and closed a $6.3 million deal for land to build a new Pembroke Pines apartment community just two days later.

Related Articles

Harbourside Place in Jupiter

More EB-5 investors allege fraud at Jupiter development

Illustrated Properties acquires Jupiter Hills Village Realty

Illustrated Properties acquires Jupiter Hills Village Realty

Dan A. Colussy and 161 Bears Club Drive

Former Pan Am exec sells home in Bear’s Club for $10M

Brook Lenfest and plans for 107 Quayside Drive in the Admirals Cove community

Philly media mogul’s son sells waterfront Jupiter property

From left: Andrea and Renzo Rosso

Diesel family dishes on Wynwood condo project

Toll Brothers CEO Douglas C. Yearley, Jr. and Jupiter Country Club

Toll Brothers putts Jupiter golf course over to ClubCorp for $8M

Daily Digest Miami

Related sells Tampa apartments for record $132M, Miami apartment tower evacuated after fire: Daily digest

Bluffs Square in Jupiter (Credit: Google Maps)

Equity One sells Jupiter shopping center to Sterling for $26M