Wednesday, September 3, 2014

Palm Beach Oceanfront Inn Sells for $8.25M

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.
CLICK HERE FOR FLOOR PLANS AND PRICE SHEETS

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