Weekly Update
And just like that, the season has begun. Well, maybe not exactly, but this week in real estate sure signaled we aren’t far from it. Eleven new listings came on the market. Seven houses, two condos, and two townhouses. The highlight of these is 1610 N Ocean Boulevard which is returning to the market with a new price and new representation. That new price is $65M. This is down from $69.5M in May and $77.9M at its highest. Among the other listings was a new construction house on the North End, two $7.25M townhomes, and some development opportunities on Seminole Avenue.
Oceanfront properties on the North End had a good week. 1214 N Ocean Boulevard closed for $37M. The double lot home and oceanfront cabana sold $18M off of the original asking price. K2 Realty represented the buyer in this transaction. A vacant lot directly on the sand went into contract. This is 965 N Ocean Boulevard which was asking $67.495M.
Did you know…
There are 18 vacant land listings (or properties marketed as such) on the Island. They range from $5.95M to $200M in asking price.
This Week
Single Family Homes
Pending – 0
Closed – 1
New – 7
New –1610 N Ocean Blvd $65,000,000
New –134 Casa Bendita $32,000,000
New –269 Jamaica Ln $18,500,000
New –264 Seminole Ave $12,000,000
New –256 Mockingbird Trl $9,950,000
New –250 Seminole Ave $6,000,000
New –256 Seminole Ave $6,000,000
Closed – 1214 N Ocean Blvd $37,000,000
Condos and Townhomes (In-Town Only)
Pending – 0
Closed – 1
New – 4
New –217 Everglade Ave $7,250,000
New –255 Everglade Ave $7,250,000
New –120 Sunset Ave, W3B $4,900,000
New –400 S Ocean Blvd, 2220 $3,995,000
Closed – 139 Sunrise Ave, 201 $1,325,000
Notable Price Reducions
No $1M+ price reductions this week
FEATURED LISTING
1610 N Ocean Blvd
$65,000,000
6 Bedroom | 7 Full 2 Half Bath
9,794 SqFt | 37,026 Lot SqFt
“Welcome to 1610 N Ocean Blvd, a rare opportunity to own a spectacular 6-bedroom, 7.2-bathroom waterfront residence, masterfully built in 2018. With breathtaking views from all principal rooms, this elegant estate offers the perfect blend of British West Indies elegance and contemporary refinement. A long private, gated driveway leads to a grand, beautifully landscaped courtyard entrance – providing the feeling of entering a lush tropical compound. The iconic entryway leads into an expansive formal living room with a stately fireplace, with Bahamian blue water colors conveniently positioned as the perfect backdrop. The gourmet chef’s kitchen is a culinary dream, featuring a large center island and seamlessly flowing into the spacious family room, ideal for relaxed entertaining.”
Listed by Margit Brandt, Premier Estate Properties, Inc.
We would be honored to represent you in your search for your new home in South Florida. Please contact us and we will put our knowledge and experience to work for you. Call the K2 Team at 561.691.1223