“It’s beginning to look a lot like Christmas…” Okay, so we know that not everyone recognizes Christmas and we have many Hanukah observers in our elite audience, but the point was to get you in the sing-songy mood because the real estate market is on the rise.
We reported earlier today that the sale of 1200 Ocean Blvd. marked a record sale in Palm Beach for 2009. But wait…there’s more! That’s right readers. More records are being set all across South Florida.
One Thousand Ocean, the new luxury condominium in Boca Raton, announced six sales totaling nearly $23 million in the period of just more than six weeks between the end of October and mid-December 2009.
“One Thousand Ocean has consistently been the leader in new condominium sales in the Palm Beach County market since the inception of the project in 2006. We had executed contracts on half of the residences even before this latest activity,” said Jamie Telchin, president of development for LXR Luxury Resorts. “These most recent sales and a remarkable increase in traffic before the South Florida ‘season’ began, validate One Thousand Ocean’s positioning as the area’s preeminent waterfront residence.”
One Thousand Ocean is located on one of the most coveted waterfront sites in Florida, surrounded by water on three sides: the Atlantic Ocean, the Boca Inlet, and the Intracoastal Waterway. It features a total of 52 Residences (of which 32 are now sold) consisting of one- and two-story beach villas and penthouses, averaging approximately 4,000 square feet of interior space plus approximately 1,200 square feet of terraces. Residences are priced from $3 million to more than $15 million. “Private elevators, floor-to-ceiling walls of glass, fireplaces, private plunge pools, outdoor kitchens and private two-car garages are among some of the features that make these residences ‘live’ like single-family luxury homes,” Telchin pointed out.
Here’s to a happy 2010 in the South Florida real estate industry.