Corcoran takes over sales of 3550 South Ocean
DDG’s 30-unit building is 33% sold with 20 units remaining
The Corcoran Group was hired to take over sales of 3550 South Ocean, a luxury condo building in South Palm Beach.
Corcoran’s Kerry Warwick, managing broker of the brokerage’s Palm Beach office, will lead sales of the project at 3550 South Ocean Boulevard. Warwick previously handled presales of the development when she was with Douglas Elliman.
DDG, led by Joseph McMillan, is developing the seven-story, 30-unit building, which was completed in 2019. Sales launched about four years ago, and the project is 33 percent sold with 20 units remaining, according to a spokesperson.
Jay Parker, CEO of Douglas Elliman Florida, said in a statement that he wished the developer and sales team “the best of luck with the remaining inventory.”
When it launched sales in 2016, units started at $2.3 million. Units are now priced from $1.8 million to more than $5 million. They range in size from 2,600 square feet to more than 3,000 square feet, with two and three bedrooms each. There are three available penthouses that include private rooftop terraces.
The building was designed by project architect GarciaStromberg/GS4studios, design architect Kobi Karp and interior design firm Champalimaud. Amenities include a fitness studio, pet park, swimming pool and terrace, private storage and bike racks.
The site was previously home to the historic Palm Beach Oceanfront Inn, also known as the Hawaiian.
In July, luxury homebuilder Frank McKinney sold the waterfront spec home at 3492 South Ocean Boulevard in South Palm Beach for $10.1 million.