Mason Slaine sells condo at One Thousand Ocean in Boca

Slaine sold the condo for $5.5M to the CEO of the Immigrant Learning Center

TRD MIAMI /
Sep.September 06, 2018 02:30 PM

Mason Slaine, the One Thousand Ocean condo

The chairman of the media company FT Media Holdings just sold his condo at One Thousand Ocean in Boca Raton for $5.48 million.

Mason Slaine sold the 5,424-square-foot unit at the 1000 South Ocean Boulevard for $1,009 per square foot to Diane Portnoy, according to Douglas Elliman.

Portnoy is the CEO and founder of the Immigrant Learning Center, which provides free English classes to immigrant and refugee adults in the Greater Boston area.

FT Media Holdings, headquartered in Greensboro, North Carolina, owns Furniture Today Media Group. Slaine is also a director and investor in RS Energy Holdings, Reorg Research, Efront Holdings and Certara LLC, according to his LinkedIn page.

The four-bedroom, four-and-a-half bathroom condo was initially listed for $6.1 million. Senada Adzem of Douglas Elliman Real Estate was the listing agent for the sale.

In 2016, Slaine bought a five-bedroom home at 850 Lake Drive in Boca Raton from Russian-born Canadian billionaire Alex Shnaider for $11.5 million, property records show.

The Boca Raton mansion spans nearly 11,000 square feet on the Intracoastal. It includes a pool, elevator, summer kitchen and 120 feet of waterfront with multi-yacht dockage.

One Thousand Ocean in Boca Raton is a seven-story building with 52 one- and two-story units. It was developed by LXR Luxury Resorts & Hotel and completed in 2010.


Related Articles

arrow_forward_ios
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
Andrew Richardson and 1298 Cocoanut Road (Realtor)

Real estate exec sells Boca Raton home for $5M

Real estate exec sells Boca Raton home for $5M
arrow_forward_ios

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

Loading...