Luxury townhouse project in Boynton Beach launches sales

Three-story townhouses asking $1.5M to $3.3M

Miami /
Feb.February 12, 2019 09:45 AM

Nick Malinosky and a rendering of Gulf Stream Views

National Realty Investment Advisors hired Douglas Elliman to launch sales of a boutique townhouse project in Boynton Beach.

The real estate development firm, based in Secaucus, New Jersey, is starting sales about eight months after closing on construction financing for Gulf Stream Views, a 14-unit development on Old Ocean Boulevard.

Elliman’s Nick Malinosky is leading sales of the project, along with The Randy & Nick Team. Units start at $1.5 million and go up to $3.3 million. They range from 4,468 square feet to 4,611 square feet, all with four bedrooms and four-and-a-half bathrooms.

The three-story townhouses are one block from the beach, and include private gardens with outdoor kitchens, heated salt water plunge pools, two-car garages and 10-foot ceilings. Richard Jones is the architect and the designer is Carrie Leigh Designs, according to an Elliman spokesperson.

NRIA plans to complete the townhouses in 2020.

The developer paid $5.4 million for the 2-acre site and scored a $16.5 million loan from Trez Forman for the land and development.

The quiet beachfront town of Boynton, located between Boca Raton and West Palm Beach, has seen new apartment and senior living development in recent years but few new condo projects.


Related Articles

arrow_forward_ios
An aerial of the Mainstreet at Boynton with Banyan Development principal Jason Sher and Pebb Enterprises CEO Ian Weiner (LinkedIn, Pebb Enterprises, Aerial via Andy Traficante – Atlantic Aerial Imaging)
Pebb, Banyan sell Wawa-leased building at Mainstreet at Boynton
Pebb, Banyan sell Wawa-leased building at Mainstreet at Boynton
Denver Bright, Neil Solomon and William Talbert III
Movers & Shakers: Denver Bright returns to Elliman, PropertyForce promotes CEO & more
Movers & Shakers: Denver Bright returns to Elliman, PropertyForce promotes CEO & more
Palm Beach (iStock)
Lack of inventory limits South Florida resi sales as prices rise: Elliman
Lack of inventory limits South Florida resi sales as prices rise: Elliman
Hassan Whiteside and 528 Lakeview Court in Miami Beach (Getty, Joe Azar/Compass)
NBA’s Hassan Whiteside lists Miami home for $23M, triple what he paid for it
NBA’s Hassan Whiteside lists Miami home for $23M, triple what he paid for it
These brokerages are winning South Florida’s talent wars
These brokerages are winning South Florida’s talent wars
These brokerages are winning South Florida’s talent wars
Waterton co-founder, Chairman and CEO David Schwartz and Verona at Boynton Beach apartment complex at 1575 Southwest Eighth Street in Boynton Beach (Verona at Boynton Beach Apartments, LinkedIn)
Waterton doubles down on South Florida, buys Boynton Beach apartment complex for $80M
Waterton doubles down on South Florida, buys Boynton Beach apartment complex for $80M
From left: Douglas Elliman's Julian Cohen and CEO Jay Parker (Getty Images, Douglas Elliman, iStock)
Miami Beach agent Julian Cohen returns to Douglas Elliman
Miami Beach agent Julian Cohen returns to Douglas Elliman
(ONE Sotheby's Realty)
Former mayor George “Bud” Scholl’s waterfront home hits market for $13.9M
Former mayor George “Bud” Scholl’s waterfront home hits market for $13.9M
arrow_forward_ios

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

Loading...