|Rendering Provided by Kobi Karp|
Paragon Acquisition Group acquired the Palm Beach Oceanfront Inn at 3550 S. Ocean Blvd in South Palm Beach for $8.25M and obtained town approval for 33 condo units. This establishes the dirt value at $250,000 per condo! Sales were launched in May 2016 and the lowest priced 2BR unit is $2.31M for 2,873 SF ($804/SF). The developer requires 50% down.
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