A significant number of houses were listed this week as we are about to creep into November. The five houses listed provide more inventory for this season’s buyers. Those buyers will have to have deep pockets as the average listing price was over $28M this week. The most notable new listing is at 1620 S Ocean Boulevard where a renovated oceanfront home is asking $59.5M. This comes just a week after a vacant oceanfront parcel on the other side of town sold for $58M.
In addition to listing activity, a Phipps Estates house landed under contract with an asking price of $21.5M. Townhouse activity has continued to thrive with a pending and closed sale on Sunset Avenue. 180 Sunset Avenue is pending at $13.9M. Directly across the street, 175 Sunset Avenue closed for $11.7M.
Did you know…
Sunset Avenue has about the most variety of property types as any street on the Island. From a rental building on the Intracoastal, to commercial offerings like a hotel, restaurants, and Publix in the middle, as well as townhouses, condos, one single-family house, and a private beach club on the east side.
This Week
Single Family Homes
Pending – 1
Closed – 1
New – 5
New – 1620 S Ocean Blvd $59,500,000
New – 1550 S Ocean Blvd $28,000,000
New – 201 Banyan Rd $24,500,000
New – 264 Dunbar Rd $19,900,000
New – 252 Seaspray Ave $11,700,000
Pending – 231 Via Las Brisas $21,500,000
Closed – 157 Wells Rd $14,343,925
Condos and Townhomes (In-Town Only)
Pending – 3
Closed – 2
New – 2
New – 300 S Ocean Blvd, 2E $2,495,000
New – 220 Atlantic Ave, #2 $1,795,000
Pending – 180 Sunset Ave $13,900,000
Pending – 2 N Breakers Row, S-T2 $6,600,000
Pending – 354 Chilean Ave, 3E $1,650,000
Closed – 175 Sunset Ave $11,700,000
Closed – 226 Brazilian Ave, 2B $2,800,000
Notable Price Reducions
583 N Lake Way Originally $24,950,000 Now $22,500,000
1620 S Ocean Boulevard
$59,500,000
5 Bedroom | 6 Full 2 Half Bath
8,723 Living SqFt | 10,111 Total Sqft | 29,185 Lot SqFt
“Gorgeous Oceanfront Estate – This pristine Mediterranean home features private beach access, commanding ocean views, and over 10,000+/- spacious square feet. The interior and exterior space abounds, taking full advantage of the breathtaking ocean views. Exquisite finishes, impeccable attention to detail, and exceptional craftsmanship throughout. Extensive rebuild just completed. Romantic covered loggia with fireplace overlooks the courtyard pool and spa and the Atlantic Ocean. Oceanfront Primary Suite features sitting room, wet bar, dual baths closets, and oversized east-facing balcony with expansive water views. Sophisticated, oceanfront living room with intricate detailing, molding, and fireplace. Formal dining room features detailed crown molding. Stunning kitchen and family room with pecky cypress coffered ceilings. Chef’s kitchen with oversized island and breakfast room. French doors throughout allowing for an abundance of natural light. Additional highlights include 5BR/6.2BA, beautiful marble flooring with onyx inlay, elevator, game room, wine room, and 3-car garage.”
Listed by Christian Angle, Christian Angle Real Estate
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