Inside Amrit Ocean Resort & Residences Newly Launched Penthouse Collection On Palm Beach's Singer Island

Amrit Ocean Resort & Residences, located on Palm Beach County’s Singer Island, has launched their well-being penthouse collection offering 11 oceanfront residences. Already Happiness Penthouse 2 and Happiness Penthouse 3 have sold for $3.375 million and $3.795 million respectively. Just 8 remain on the market. Currently available penthouses start at $1.93 million for a 2,055 SF unit in the Happiness Collection and $2,040,500 for a 1,990 SF residence in the Peace Collection. Pricing ranges up to $2.616 million for the Happiness Collection and $3,549,600 for the Peace Collection.

Amrit Ocean Resort & Residences is fully programmed as a premier health and wellness facility complete with a personal wellness assistant and amenities which include Halotherapy (aka a salt room), an Infusion Zone featuring vitamin IV therapy administered by a professional nurse, digital detox capabilities, Hydro-reflexology path, replenishment pools, a chill room, a relaxation lounge, an effusion shower, a restful ritual bath butler, a Hammam, a Spa Zone, a Beauty Zone, and a Wellness Zone. Wellness Zone offering complimentary practitioners, naturopaths, nutritionists, acupuncturists, sound/light therapists, osteopaths and more. Amrit will also offer yoga, pilates and mediation programming. The building is capped off with a fitness center, resort style pool and oceanfront dining.

For more information about Amrit Ocean Resort & Residences, private showings, availability or purchasing/ leasing information please fill out the form below:

NHL Superstar Blake Wheeler Of The Winnipeg Jets Former-Boca Raton Home Lists For $1.425 Million

With the hockey playoff’s right around the corner, home buyers can live like an NHL all-star where Blake Wheeler once lived. An American professional ice hockey right winger and captain of the Winnipeg Jets, Wheeler’s onetime Boca Raton home has listed with Colleen Newland of Douglas Elliman Real Estate. Wheeler sold the home two years ago for $1.2 million and now the property is back on the market for $1.45 million. The 5,564 SF home located in The Boca Bath & Tennis Club comes remodeled and equipped with 4 bedrooms, 3 baths, an oversized laundry/mud room, eat-in chef's kitchen with induction oven, and wine refrigerator. Outside, a massive patio complete with TV and summer kitchen, a heated saltwater pool and spa, and ample green space for recreation and relaxation situated on over a ½ acre lot. The property has access to Boca Bath & Tennis Club amenities such as 24-hour security, tennis, basketball, and volleyball courts, a playground, clubhouse and Olympic sized heated pool.

Wheeler has been a two time consecutive winner of the NHL All-Star award in 2018 and 2019, his career began in 2004 when he was drafted by the Phoenix Coyotes in the first round, fifth overall, in the 2004 NHL Entry Draft. Last year, On September 4, 2018, Wheeler signed a five-year, $41.25 million contract extension with the Jets.

2843 Banyan Boulevard Circle, Boca Raton, is currently listed for $1,450,000 with Colleen Newland of Douglas Elliman.

Photos via Douglas Elliman Real Estate

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Douglas Elliman Continues Statewide Florida Expansion Acquiring Manalapan-Based Scott Gordon Realty

Douglas Elliman, the nation’s third largest residential real estate brokerage company, has announced that it has acquired Manalapan-based Scott Gordon Realty. With over 30 years of real estate experience, founder and CEO Scott Gordon has been one of the leading Palm Beach County condominium marketing and sales specialists since 1987. Gordon, who has been named executive director of luxury sales, joins Elliman with his wife and business partner, Mindy Gordon, and their team of real estate professionals. The office will continue to work from 270 South Ocean Boulevard located in Plaza del Mar, across from the iconic Eau Palm Beach Resort & Spa in Manalapan. Gordon and his team bring 51 active exclusive listings to Douglas Elliman. Douglas Elliman now boasts 22 offices and approximately 1,100 real estate agents across the state of Florida.

“Our intent to join forces with likeminded professionals as we continue to grow the Elliman brand across the state of Florida led us directly to Scott and his incredible team,” said Jay Phillip Parker, CEO of Douglas Elliman Florida. “Manalapan has shown tremendous growth throughout the last decade and we are thrilled to have a strong presence in this important market.”

"The decision to join Douglas Elliman was based on the strength of the brand, both nationally and internationally, as we continue to see strong interest in Manalapan from buyers from across the country and around the world,” said Scott Gordon. “Douglas Elliman provides a multitude of impressive platforms including a global partnership with Knight Frank and best-in-class technology, marketing, and public relations that will help my team provide superior service to our valued customers and clients."

Malasky Homes Sells Palm Beach Spec Home On Everglades Island For $15.5 Million

Malasky Homes has sold their spec home located at 608 Island Drive on Palm Beach’s Everglades Island for $15.5 million, equating to $2,695 per square foot. The home features 5 bedrooms with 6.5 bathrooms and is spread over 5,769 SF. 608 Island Drive was completed this year and is located directly on the Intracoastal Waterway. Features include a stunning master suite complete with fireplace and dual baths, multiple balconies throughout, an elevator, 3 car garage and stunningly landscaped outdoor spaces which includes a waterfront pool, spa, waterfront loggia with fireplace and fountains. The home buyer of the home is yet to be revealed. Malasky Homes purchased the site for $6.49 million in 2016.

Former Pan American World Airways CEO Dan Colussy Lists Jupiter Estate For $11.25 Million

An absolutely breathtaking estate located in Jack Nicklaus’ The Bears Club in Jupiter, FL, has listed for $11.25 million. The seller is Dan Colussy who is the former Pan American World Airways CEO, former chief executive of Canadian Pacific Airlines and one time chairman of UNC Inc., formerly known as United Nuclear Corporation.

The massive home offers 5 bedrooms, 8 baths and 4 half baths, spread over 17,294 SF of living space and sitting on approx. 2 acre plot of land. The massive estate can hold up to 12 cars, has a private massage room, gym, library, his & her offices, bar & wine room that holds up to 245 bottles with additional shelving and dedicated cooling system, his & her dressing room and closets, music room and gallery. The foyer features hand-cut marble floor design from a Florence Church comprised of more than 60 kinds of precious stone and built by Florentine Artist. The entire home is surrounded by 20 different types of marbles utilized from 12 different countries on custom designed floors and counter tops. The entire home is outfitted with the finest finishes.

Outdoors features beautifully landscaped grounds including a formal Italian garden designed by an Italian trained gardener that created a meditation garden in addition to a fruit orchard that features citrus, mango, avocado, papaya, fig, banana, plantain and coconut trees while the raised bed garden provides opportunities for fresh herbs and vegetables all year round. An Italian bronze fountain is the featured highlight of the main patio with the 60,000 gallon edgeless, free-form swimming pool, modeled from an Italian Villa, is the sparkling gem of this elegant back yard while being surrounded by classic “Four Seasons” marble statutes.

161 Bears Club Drive, Jupiter, FL is currently listed for $11.25 million with Chad Carroll of Douglas Elliman Real Estate.

For more information about 161 Bears Club Drive, Jupiter, FL, private showings or purchasing/ leasing information please fill out the form below:

Douglas Elliman Releases Q4 Market Reports For South Florida

Douglas Elliman has released their Q4 Market Reports for South Florida, produced in conjunction with Miller Samuel a leading independent appraisal firm. The South Florida Market continued to show power in prices, continuing to increase in both the luxury and overall markets across nearly all markets including Miami Beach and Barrier Islands, Fort Lauderdale, Boca Raton, DelRay Beach, Wellington, Palm Beach, Jupiter and Palm Beach Gardens.

MIAMI BEACH/BARRIER ISLANDS

Key Trend Metrics(Year Over Year)

Overview:

• Single family sales surged as condo sales declined after a large burst of activity on the prior quarter

• Condo price trend indicators declined from year ago levels, consistent with drop in average sales size

• Luxury condo price trend indicators declined at same rate as average sales size

• Luxury single-family sales size rose sharply driving price trend indicators higher

• Luxury condo inventory increased as luxury single family inventory declined

• Marketing time expanded as older listings were absorbed as negotiability expanded

Key Trend Metrics(Year Over Year)

Overall

• Median sales price slipped 6.7% to $378,750

• Average sales price increased 0.3% to $888,424

• Number of sales slipped 10.4% to 678

• Days on market was 146, up from 73

• Listing discount was 10.9%, up from 810%

• Listing inventory increased 3.8% to 6,668

Luxury Condo

• Median sales price declined to $2,200,000

• Average price per square foot decreased 13.5% to $1,047

• Days on market was 222, up from 92

• Listing discount was 12.6%, up from 11.3%

• Listing inventory rose 20.5% to 1,459 units

• Entry threshold began at $1,305,000

Luxury Single Family

• Median sales price surged 33.3% to $8,000,000

• Average price per square foot jumped 40.3% to $1,494

• Days on market was 349, up from 170

• Listing discount was 16.7%, up from 16.4%

• Listing inventory fell 6.2% to 183 units

• Entry threshold began at $5,900,000, up from 15.7%

MIAMI COASTAL MAINLAND

Overview:

• Overall price trend indicators and the number of sales continued to rise year over year

• Overall sales and all price trend indicators were above the level seen in 2017

• Listing inventory trended higher for the fourth consecutive month

• Market share of purchases with conventional financing was the highest in the five years

• Nearly all luxury condo and single-family price trend indicators continued to rise greater year over year

• Luxury condo inventory declined as luxury single family inventory expanded

Key Trend Metrics(Year Over Year)

Overall:

• Median sales price increased 5.9% to $320,000

• Average sales price rose 7.2% to $445,007

• Number of sales rose 10.6% to 3,518

• Days on market was 81 up from 44

• Listing discount was 5.6%, down from 5.7%

• Listing inventory rose 20.9% to 12,071 units

Luxury Condo

• Median sales price slipped 3.8% to $812,500

• Average price per square foot rose 4% to $470

• Days on market was 178 days, up from 155

• Listing discount was 7.8%, down from 8.1%

• Listing inventory declined 18.9% to 2,505

• Entry threshold began at $610,000, up 27.1%

Luxury Single Family

• Median sales price rose 6.7% to $1,387,500

• Average price per square foot jumped 16.8% to $479

• Days on market was 130 days up from 67

• Listing discount was 8.5%, up from 8.4%

• Listing inventory rose 12.6% to 1,111 units

• Entry threshold began at $890,000, up 3.5%

Fort Lauderdale

Overview:

• Condo sales rose above for the fourth consecutive quarter

• Condo listing inventory rose for the first time in six quarters

• Single family price trend indicators were mixed as condos moved higher

• Condo luxury price trend indicators surged

• Single family luxury price trend indicators showed mixed results as average sales size declined

Key Trend Metrics(Year Over Year)

Overall:

Luxury Condo

• Median sales price increased 25.8% to $1,550,000

• Average price per square foot rose 21.1% to $619

• Days on market was 131, down 34.5%

• Listing discount was 5.6%, down from 7.7%

• Listing inventory fell 28.7% to 256 units

• Entry threshold began at $1,095,000 up 41.3%

Luxury Single Family

• Median sales price rose 7.4% to $2,125,000

• Average price per square foot slipped 4% to $572

• Days on market was 176, down from 190

• Listing discount was 9.5%, down from 16.4%

• Listing inventory declined 7.4% to 338 units

• Entry threshold began at $1,500,000, up 22%

BOCA RATON

Overview:

• Condo median sales price hasn’t seen a year over year decline in ten quarters

• Sales for condos and single-families have increased year over year for two consecutive quarters

• Luxury condo and luxury single family price trends moved higher, consistent with rise in sales size

Key Trend Metrics(Year Over Year)

Overall:

Luxury Condo

• Median sales price rose 9.4% to $902,500

• Average price per square foot rose 32.8% to $466

• Days on market was 108 days, up from 101

• Listing discount was 6.7%, down from 8.9%

• Listing inventory declined 13.7% to 308

• Entry threshold began at $590,000, up 9.6%

Luxury Single Family

• Median sales price rose 5.6% to $2,112,500

• Average price per square foot rose 5.8% to $402

• Days on market was 187 days, down from 217

• Listing discount was 9.7%, down from 12.5%

• Listing inventory edged up 1.7% to 408

• Entry threshold began at $1,286,200 up 0.7%

DELRAY BEACH

Overview:

• Single-family sales and median sales price have been rising year over year for four consecutive quarters

• Condo median sales price showed twelve consecutive quarters without a year over year decline

• Luxury single family price per square foot moved higher as the other indicators were pulled down sharply by drop in sales size

Key Trend Metrics (Year Over Year)

Luxury Condo

• Median sales price rose 14.5% to $537,500

• Days on market was 102, up from 66

• Listing discount was 6.9%, up from 4.9%

• Entry threshold began at $325,000, down 1.5%

Luxury Single Family

• Median sales price declined 10.9% to $1,741,250

• Days on market was 156, up from 104

• Listing discount was 5.9%, down from 10.4%

• Entry threshold began at $1,150,000, down 3.4%

WELLINGTON

Overview:

• Condo median sales price year over year for the tenth consecutive quarter

• Condo sales rose annual for three of the last four quarters

• All single-family price trend indicators increased year over year for the third consecutive quarter

• Luxury condo price trend indicators pulled lower by sharp decline in average sales size while the opposite occurred for luxury single-family price trends

Key Trend Metrics(Year Over Year)

Luxury Condo

• Median sales price slipped 1.8% to $665,000

• Average square footage declined 18.3% to 1,878

• Days on market was 77, down from 148

• Listing discount was 4.5%, down from 8.2%

• Listing inventory jumped 52.2% to 35

• Entry threshold began at $435,000, down 17.9%

Luxury Single Family

• Median sales price jumped 88.2% to $2,000,000

• Average square footage rose 1.7% to 4,662

• Days on market was 195, up from 115

• Listing discount was 8.9%, up from 7.7%

• Listing inventory declined 33.6% to 186

• Entry threshold began at $1,010,000 up 47.4%

Palm Beach

Overview:

• Condos continued to dominate with the highest sales share

• Single family and luxury price trend indicators skewed significantly lower by the sharp decline in average sales size

• Majority fourth quarter market wide sales in 5 years

• Luxury inventory returned to more modest levels after limited availability over the past two years

Key Trend Metrics (Year Over Year)

Luxury Family And Single Condo

• Median sales price declined 57.8% to $6,426,750

• Average price per square foot fell 22.5% to $1,443

• Average sales size dropped 52.1% to 4,515 square feet

• Days on market was 100, down from 496

• Listing discount was 9.1%, down from 18.3%

• Listing inventory jumped 104.1% to 100

• Entry threshold began at $4,250,000, down 59.9%

JUPITER / PALM BEACH GARDENS

Jupiter Overview:

• Single family price trend indicators and sales moved higher

• Condo sales and price trend indicators all rose for the third consecutive quarter

Palm Beach Gardens Overview:

• Single-family price trend indicators showed double-digit gains as sales decreased

• Condo sales slipped again as price trend indicators continued to rise

Key Trend Metrics (Year Over Year)

Jupiter Single Family                                                                              

• Median sales price jumped 15.4% to $525,000

• Days on market was 70, up from 62

• Listing discount was 5.8%, up from 5.6%

• Listing inventory declined 5.7% to 413

Jupiter Condo

• Median sales price rose 11.3% to $310,000

• Days on market was 60, up from 59

• Listing discount was 4.1%, down from 5.2%

• Listing inventory rose 5.2% to 304

Palm Beach Gardens Single Family

• Median sales price increased 10.6% to $470,000

• Days on market was 82, unchanged

• Listing discount was 7.8%, up from 6.6%

• Listing inventory rose 5.2% to 527

Palm Beach Gardens Condo

• Median sales price rose 2.1% to $240,000

• Days on market was 52, up from 48

• Listing discount was 3.9%, down from 4.6%

• Listing inventory jumped 41.7% to 299

Article by Stephanie Warren

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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