2009 Market "Solds"

2009 Direct Oceanfront Market Update thru December 31, 2009

Hillsboro Mile, Highland Beach/Boca, Delray Beach, Gulf Stream, Ocean Ridge.

This year, we again had a late start, with no sales on the ocean until February 20th!

There are 14 sales to date (2 of them are mine with both Buyer & Seller!). Most, only after many price adjustments,

to match market conditions.

1. SOLD 2/20/09 @ $11.85M for a Condo! - Listed at $12.5M

Luxuria, 2500 S Ocean Blvd, Boca Raton, Penthouse #3

A brand new 2-story 10,000 SF, pending since April 2008.

On top of that, the HOA fees are $8,258 per month! Yikes.

This is the only condo sale you'll see on my list.

2. SOLD 2/26/09 only $5.75M!

3801 S. Ocean Blvd, Highland Beach (across from Toscana)

New Construction, on-market for over 5 years, on 100 feet of frontage.

Was just reduced to $7.995M then immediately went pending.

The highest list price for this house was $18.5M 2 years ago (finished & furnished).

The buyer, however, has to finish the inside shell of this house.

It's literally empty inside, no kitchen, no bathrooms, etc.

3. SOLD 3/2/09 $11.6M ($13M includes the adjoining 75' lot) - Listed $17.5M

801 S. Ocean Blvd, Delray Beach on large lot 225' x 775' x 225' x 765'.

House Lot size 150' + the vacant 75' next door = 225'.

A long 8-month pending date from 7/2/08, "Swaney's Estate" was on-market

since Dec. 2004! 8846 sq.ft. living/13,623 under roof + separate 912 sf

Guest House on west side of main home with pool & tennis court (on west side also).

7 BR, 7 Baths + 3 Half Baths, 8-Car Garage. Built in 1998.

4. SOLD 3/30/09 @ $5.5M - Listed $6.5M

997 Hillsboro Mile, Hillsboro Beach on 160' x 340' Ocean-to-Intracoastal

1962 tear down pending after 20 days on-market.

6,132 sf under air, 5 BR, 4.3 BA, 2.1-car garage.

5. SOLD 4/1/09 @ $8.38M - Listed $13.95M, reduced to 11.95M

1777 N. Ocean Blvd, Gulf Stream on 177' x 464'

This 1988 resale above went pending just after 125 days on-market.

Price reduced from $13.95M. 6,701 sf under air, 8,064 total,

6 BR, 6 BA, 3-car garage includes 2 BR guest house.

6. SOLD 5/15/09 @ $9.375M - Listed $11.5M

6017 Old Ocean Blvd, Ocean Ridge.

Lot size: 158'x191'x185'x158', but is across the street from

the ocean with houses in front of it.

This property had been on the market forever.

7. SOLD 5/29/09 $3.5M - Lot Land Value (My Buyer & Seller)

4205 S. Ocean Blvd, Highland Beach on 100' x 271'.

Went pending the day after price reduction from $5.5 to $4.95, and

2 days after my very dear Seller passed away. 1948 Beach Cottage

sold for New Construction on 100 feet of frontage, as an Estate Sale.

Lot is very high at 25 feet above sea level with beautiful long ocean & beach views.

8. SOLD 6/26/09 @ $5.8M - Listed $7.895M, reduced to $7.195M

6161 N. Ocean Blvd., Ocean Ridge on 158' x 326'.

Remodeled 1934 historic 2-story, 5699 living/8369 total, 6 BR, 5 BA + 4 half BA.

Buyer is tearing it down to build a new estate. On-market 542 days!

9. SOLD 7/1/09 @ $5.75M - Listed $8.495M, reduced to $6.9M:

10 Ocean Place Estates, zero-lot line on 67 feet of frontage.

1997 4-story renovated resale 9,525 living/11,611 total, 6 BR, 8 BA + 2 half BA.

10. SOLD 7/23/09 @ $4.0M - Listed $5.25M (My Buyer & Seller)

4121 S. Ocean Blvd, Highland Beach on 100' x 266'.

Lovely renovated 1970 Beach Cottage situated between 2 brand new $12M

ocean estates. I called my prospects and had a pending sale before

I could get my sign out! (Estate Sale)

11. SOLD 8/3/09 @ $3.05M - Listed $5.5M, reduced to 3.95M:

6393 N. Ocean Blvd, Ocean Ridge on 125' x 450' (1.29-acre oceanfront lot).

There used to be an older home on this property but the seller tore it down

and listed it at land value. Sold less than the $3,280,000 mortgage.

12. SOLD 8/28/09 $4.6M- Orig Listed $7M, Reduced to $5.5M

511 N. Ocean Blvd, Delray Beach on 100' x 291'.

1938 Colonial beach house 3944 sq.ft. living/5010 under roof,

4 BR, 5 Baths + 1 Half Bath, 2-Car Garage.

13. SOLD 10/28/09 $10.33M Furn - On & Off Market, Orig $16.95M

Reduced to $12.9M

521 S. Ocean Blvd., Delray Beach on 100" of frontage.

Completed & beautifully furnished 2007 Spec House by Mark Timothy

on 100'x285'x113'x 328', 3 lots south of Delray's public beach & the Seagate Club.

9399 sq.ft. living/12,232 under roof, 5 BR, 6 Baths + 2 Half Baths, 2-Car Garage.

Builder paid $5.8 for the lot in '05, so he may have lost money on this one.

14. SOLD 12/28/09 $17M Furn - Listed $26.9M

855 S. Ocean Blvd., Delray Beach on 125" of frontage X 767' (Turtle Beach)

Resale, originally built by Mark Timothy & beautifully furnished in 2008 that sold

less than 2 years ago for $19M brand new. 19,900 sq.ft. living/25,000 under roof,

5 BR, 9 Baths + 2 Half Baths, 10-Car Garage. A beautiful estate.

Keeping you posted!

Bev

_______________________________________

Beverly Aluise Knight

www.OceanEstateProperties.com
561-504-9226 Direct

561-372-9779 Fax

-Chairman, Planning Board, Town of Highland Beach, FL
-Florida State Sea Turtle Program, Highland Beach, FL