Corcoran takes over sales of 3550 South Ocean

DDG’s 30-unit building is 33% sold with 20 units remaining

Miami /
Sep.September 21, 2020 02:45 PM
Joseph McMillan, CEO of DDG, and Kerry Warwick with 3550 South Ocean

Joseph McMillan, CEO of DDG, and Kerry Warwick with 3550 South Ocean

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.






    Related Articles

    arrow_forward_ios
    Rick and Marie Wackenhut with 930 South Ocean Boulevard in Palm Beach (Google Maps, Nantucket Statue Fund) 
    Wackenhut heir sells historic Palm Beach estate for $18M
    Wackenhut heir sells historic Palm Beach estate for $18M
    Donald Trump with sons Eric and Don Jr. and 1125 South Ocean Boulevard (Getty, Google Maps/Illustration by Alexis Manrodt for The Real Deal)
    Trump lists beachfront mansion next to Mar-a-Lago for $49M
    Trump lists beachfront mansion next to Mar-a-Lago for $49M
    Chris Leavitt, Ashley McIntosh, Tal Alexander, Oren Alexander, Dina Goldentayer and Gary Pohrer (Douglas Elliman)
    Palm Beach agent Gary Pohrer and The Alexander Team take top awards at Elliman
    Palm Beach agent Gary Pohrer and The Alexander Team take top awards at Elliman
    The Abaunza Group and Michael Martinez (iStock)
    Michael Martinez, Abaunza Group take top One Sotheby’s awards for 2020
    Michael Martinez, Abaunza Group take top One Sotheby’s awards for 2020
    1440 South Ocean Boulevard and Sydell Miller (Google Maps, Getty)
    Facelift required: Beauty mogul sells Palm Beach lot for $42M
    Facelift required: Beauty mogul sells Palm Beach lot for $42M
    450 Royal Palm Way and the buyer H. William Perry. (Google Maps, Gunster)
    Banker’s Row office building in Palm Beach sells for $17M
    Banker’s Row office building in Palm Beach sells for $17M
    Carl Panattoni and 965 North Ocean Boulevard (Photos via Panattoni Europe, Google Maps)
    Carl Panattoni sells oceanfront Palm Beach property for $34M to Stock Development
    Carl Panattoni sells oceanfront Palm Beach property for $34M to Stock Development
    David Tepper and 905 North Ocean Boulevard (Getty, Google Maps)
    Hedge fund billionaire David Tepper paid $68M for Palm Beach mansion
    Hedge fund billionaire David Tepper paid $68M for Palm Beach mansion
    arrow_forward_ios

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

    Loading...