Billionaire King of Subprime Car Loans Lists Lavish Highland Beach Oceanfront Estate With Sky Deck For $44 Million

Billionaire Don Hankey, known as the “king” of subprime car loans, has listed his Highland Beach resort-style estate for $43.85 million. The impressive estate stands 17’ above sea level and overlooks 120’ of ocean frontage–spanning four levels and 11,000+ SF of interiors plus a 3,000 SF sky deck with panoramic views.

The 7 beds, 7 full baths and 2 half baths residence with ocean views from almost every room showcases standout design features including lava stone floors and walls, a living green wall, and a floating stone fireplace.

The home features two kitchens, an sleek open entertaining kitchen and separate catering kitchen outfitted with top of the line appliances. A spacious primary suite includes a glass-enclosed office, private exercise room, wet bar, open-air Jacuzzi terrace, an oversized marble bath and spacious closets. Additional features include a screening room, 6-car garage, and elevator.

Outdoors, a brand new double decker $250K+ pool and deck renovation includes features you would find at a world-class oceanfront retreat with a brand new infinity-edge swimming pool and spa located on the 2nd level/main level of the home, creating ultimate poolside privacy while also enhancing visibility of the ocean views. The statement outdoor staircase enables convenient access from the pool down to the beach level. The lower level has a stunning outdoor space with a covered loggia, perfect entertaining and an outdoor shower. Lush landscaping, towering Palm trees, and sea grapes provide additional privacy. In the evening, the exterior lighting and ambient fire features create a magical outdoor ambiance.

3715 S Ocean Boulevard is listed for $43.85 million by Samantha Curry with Douglas Elliman.

Images via Jad Esmail/Samantha Curry

Sabal Development Sells Modern Oceanfront Spec Mansion in Highland Beach For $30 Million

Sabal Development, led by Pascal Nicolai, has sold an oceanfront spec home in Highland Beach known as La Plage Villa, for $30 million. The home was listed with Carmen D’Angelo and Joseph Liguori of Premier Estate Properties and Nadine Cory of City Real Estate Corporation represented the unnamed buyer. The transaction represents the most expensive home sale in Highland Beach in 2023.

Located at 4005 South Ocean Boulevard, La Plage Villa sits on a .6-acre lot and spans 9,000 SF spread over four levels encased in glass. The modern home offers 7 bedrooms and 12 bathrooms with ocean views from nearly every room, a gourmet kitchen, dining room overlooking the ocean, a 5-car garage and a roof top sky-deck. The tropical modern outdoors features an infinity pool, spa and 100’ of waterfront.

Led by Pascal Nicolai, Sabal Development built and sold total value of over $176 million in custom homes over the past 2 years. Sabal Development made a name for themselves as a vertically integrated developer and builder with over $130 million in luxury custom-built home sales in 2021.

Images via Sabal Development

Contemporary Artist Margarita Hernandez Lists Highland Beach Home

Contemporary artist Margarita Hernandez has listed personal home for $4.5 million in Highland Beach, Florida. The London-based artist collaborated with Dario Vargas, an artist of the Royal Academy of Arts, to design the contemporary home and choose a curated selection of unique art throughout. Hernandez is best known for unveiling her portrat of Winston Churchill at the Royal College of Defence in 2005, and her bust of Baroness Thatcher that was unveiled by Lady Thatcher in 2008 at the headquarters of the Conservative Party. Her art has also been exhibited at the Royal Academy of Arts, the Bulgarian Embassy in London, and many more exhibitions.  

Hernandez’s home features 4-bedrooms and 4-bathrooms in 3,484 sq.ft. of interior decorated to look like a European villa with indoor-outdoor living. No details are overlooked, down to marble countertops and quartz accents. The exterior includes a saltwater pool, fountain and classic South Florida tropical landscaping. 3638 South Ocean Boulevard is listed for $4.5 million with Katia Reisler of Douglas Elliman. 

Douglas Elliman Releases Q2 2020 South Florida Market Reports

Douglas Elliman has just released their Q2 2020 Market Reports for South Florida, which were prepared by Miller Samuel, a leading independent appraisal firm. The reports, which cover the areas such as Boca Raton, Delray Beach, Fort Lauderdale, Miami Beach, and the Miami Coastal Mainland, have revealed that the COVID-19 market shutdown during much of the second quarter caused sales to fall sharply in South Florida, despite the strength of the market in the first quarter.

Miami Beach/Barrier Islands

Overview:

• Condo price trend indicators moved higher as the number of sales dropped during the shutdown

• Single-family price trend indicators continued to decline along with sales and listing inventory year over year

• Luxury condo price trend indicators pressed higher as listing inventory showed a slight gain

Key Trend Metrics (Year to Year)

Overall:

• Median sales price rose 10.3% to $480,000

• Average price per square foot edged up 6.1% to $659

• Number of sales dropped 34.9% to 501 

• Listing inventory decreased by 0.5% to 6,393 units

Luxury Condo:

• Median sales price increased by 11.6% to $2,850,000

• Average price per square foot rose 4.8% to $1,231

• Number of sales fell 37.7% to 43

• Listing inventory slipped 3.0% to 1,095 units

Luxury Single Family: 

• Median sales price decreased by 22.6% to $7,200,000

• Average price per square foot jumped 17.2% to $1,388

• Number of sales had no change at 9 

• Listing inventory increased by 25.4% to 173 units

Miami Coastal Mainland

Overview:

• Condo listing inventory and number of sales declined, median sales price reached a new record

• Single-family median sales price rose to a new record as both sales and listing inventory fell sharply

• Luxury condo price trend indicators showed mixed results as the number of sales saw a significant decline 

Key Trend Metrics (Year to Year)

Overall:

• Median sales price rose 4.4% to $355,000

• Average price per square foot increased by 5.1% to $289

• Number of sales dropped 20.1% to 2,672

• Listing inventory declined by 7.8% to 9,699 units 

Luxury Condo:

• Median sales price fell 14.0% to $805,000

• Average price per square foot dropped 0.6% to $489

• Number of sales declined by 33.5% to 115

• Listing inventory increased by 13.4% to 2,508 units

Luxury Single Family:

• Median sales price fell 11.9% to $1,410,000

• Average price per square foot rose 25.5% to $557

• Number of sales decreased by 6.1% to 153

• Listing inventory dropped 1.1% to 915 units

Fort Lauderdale

Overview:

• Condo sales dropped at the highest rate in more than thirteen years as all price trend indicators rose annually

• Single-family sales fell at the largest rate since 2007 as median sales price stabilized

• Luxury condo price trend indicators increased above year-ago levels at their most robust rate in six quarters

Key Trend Metrics (Year to Year)

Luxury Condo:

• Median sales price rose 6.0% to $1,282,330

• Average price per square foot increased by 5.2% to $587

• Number of sales slipped 27.5% to 37

• Listing inventory declined by 16.5% to 283 units

Luxury Single Family:

• Median sales price dropped 22.5% to $2,500,000

• Average price per square foot decreased by 23.9% to $596

• Number of sales fell 20.5% to 35 

• Listing inventory declined by 12.5% to 259 units

Boca Raton/Highland Beach

Overall:

• Condo sales declined year over year at its highest rate in 13 years as median sales price increased

• Single-family sales declined year over year at its highest rate in 13 years as median sales price surged

• Luxury condo median sales price declined while luxury single-family median sales price rose

Key Trend Metrics (Year to Year)

Luxury Condo:

• Median sales price fell 23.0% to $885,000

• Average price per square foot slipped 13.0% to $461

• Number of sales declined by 21.2% to 52

• Listing inventory surged 11.2% to 328 

Luxury Single Family:

• Median sales price dropped 13.1% to $2,215,000

• Average price per square foot decreased by 12.6% to $382 

• Number of sales slipped 12.1% to 51

• Listing inventory declined by 0.3% to 304 units

Delray Beach 

Overview:

• Single-family sales declined at the largest year over year rate in over thirteen years as the market paused

• Condo median sales price was unchanged year over year, the eighteenth straight quarter without a decline

• Luxury single-family listing inventory declined annually as luxury condo listing inventory saw a large gain

Key Trend Metrics (Year to Year)

Luxury Condo:

• Median sales price decreased by 6.7% to $810,500

• Average price per square foot rose 6.7% to $445

• Number of sales slipped 24.6% to 46

• Listing inventory surged 20.9% to 208 units

Luxury Single Family: 

• Median sales price dropped 0.6% to $2,087,500

• Average price per square foot fell 13.7% to $504

• Number of sales declined by 15.2% to 28

• Listing inventory increased by 5.7% to 130

Wellington

Overview:

• Condo sales declined sharply as median sales price increased year over year for the fifteenth straight quarter

• Single-family listing inventory and sales showed sharp declines from prior year levels

• Luxury listing inventory across both property types jumped from prior year

Key Trend Metrics (Year to Year)

Luxury Condo: 

• Median sales price fell 19.9% to $585,000

• Average price per square foot dropped 10.1% to $313

• Number of sales increased by 16.7% to 7

• Listing inventory rose 72.2% to 62 units

Luxury Single Family:

• Median sales price declined 24.3% to $1,135,000

• Average price per square foot slipped 34.9% to $426

• Number of sales jumped 15.0% to 23

• Listing inventory increased by 9.2% to 226 units

Palm Beach

Overview:

• Condo price trend indicators jumped as the largest average sales size in two years skewed them higher

• Single-family listing inventory fell by the largest rate in seven years of tracking

• Luxury listing inventory showed a substantial drop as price trend indicators surged year over year 

Key Trend Metrics (Year to Year)

Luxury Condo and Single Family:

• Median sales price surged 33.1% to $14,000,000

• Average price per square foot rose 18.4% to $2,180

• Number of sales dropped 30.8% to 9

• Listing inventory declined by 65.6% to 22 units 

Jupiter/Palm Beach Gardens

Jupiter Overview:

• Single-family sales price trend indicators and sales continued to show substantial year over year growth

• Condo price trend indicators rose year over year for the fourth straight quarter

Palm Beach Gardens Overview:

• Single-family sales fell at their most significant rate in fourteen years

• Condo price trend indicators rose year over year for the third consecutive quarter

Key Trend Metrics (Year to Year)

Jupiter Luxury Condo:

• Median sales price decreased by 19.9% to $733,000

• Average price per square foot dropped 10.6% to $404

• Number of sales fell 13.6% to 19

• Listing inventory increased by 16.7% to 63 units

Jupiter Luxury Single Family:

• Median sales price declined by 11.5% to $2,300,000

• Average price per square foot decreased by 2.9% to $647

• Number of sales fell 7.4% to 25

• Listing inventory dropped 15.3% to 111 units

Palm Beach Gardens Luxury Condo:

• Median sales price fell 26.7% to $440,000

• Average price per square foot dropped 24.1% to $239

• Number of sales declined by 19.0% to 17

• Listing inventory surged 67.4% to 72 units

Palm Beach Gardens Luxury Single Family:

• Median sales price jumped 21.2% to $2,347,500

• Average price per square foot rose 8.7% to $501

• Number of sales decreased by 23.1% to 20

• Listing inventory dropped 27.5% to 95 units

By Isabella Zimmermann 

Check Out This Dental Mogul's Highland Beach Bunker Estate Which Just Hit The Market For $27.5 Million

Dental mogul David Willens, Founder and Chairman of Sage Dental who grew his business of affordable dental offices to 60+ locations throughout the US, has listed his personal home in Highland Beach, FL for $27.5 million. The 14,808 SF bunker, which sits on just over a ½ acre directly on the Atlantic ocean, features 7 bedrooms, 7 full baths and 2 powder rooms, one of which is slated with Onyx. The lavish home features stunning finishes including a living green wall with over 1,800 plants upon entry to the indoor foyer as well as being the only home in the US that has Italian imported basalt lava stone covering the interiors. Other features include a $1 million Bang & Olufsen audio throughout the home, 2 full kitchens, a 2,400 SF master bedroom, formal dining area seating 18 with custom made oak finishes throughout the area, a movie theater with a laser projector, Italian stone fireplace, polyform closets, and 2 laundry rooms. Despite all of this the most unique aspect of the property may be that it comes complete with its own cellular tower. The windows can withstand 180 mph winds in the case that a hurricane comes through Florida and if that is not enough, the estate is a solid concrete home with a post tension concrete structure generator if power was to ever go out.

3715 South Ocean Blvd, Highland Beach is currently listed for $27,500,000 with Steven Solomon of Douglas Elliman Real Estate.

Photos via Douglas Elliman

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Check Out 3621 South Ocean, The New Beachfront Townhomes Coming To Highland Beach

The currently under construction 3621 South Ocean is bringing "seamless beach to home" luxury living to 200' of beachfront in Highland Beach. The project is a joint venture between Grafton Street Capital, Capital Development Group International, and Halstatt Real Estate Partners. 3621 South Ocean consists of 6 townhomes which rise 4-stories spanning 5 bedrooms, 6.5 bathrooms and 5,436 SF. The luxurious residences come complete with a second floor logia with plunge pool with direct ocean exposure perfect for entertaining. Other features include an elevator, 2-story living room, third-floor master suite, 10'-11' ceilings, 2-car garage, kitchen with Miele appliances, marble floors and a 250 SF rooftop entertainment deck. Pricing starts at $6.8 million with 2 of the units already reportedly sold. Sales and marketing being exclusively handled by Ashley McIntosh and Chris Leavitt of The Leavitt McIntosh Team at Douglas Elliman. Completion is expected for this spring (2018).