A waterfront rental within the migration scorching spot of West Palm Beach, Florida, has offered for simply over $12 million—among the many metropolis’s priciest condo gross sales this 12 months.
The dad or mum firm of the Chicago-based Wanxiang America Real Estate was the vendor of the 14th-floor residence at The Bristol, a 25-story rental tower, in accordance with information with PropertyShark. The funding agency owns greater than $1 billion in actual property throughout the U.S., in accordance with its web site, and was referred to as “the quiet giant of Chicago real estate development” by Crain’s Chicago Business.
Mansion Global couldn’t determine the customer, who bought the property by way of a belief. Brooke Murphy and Kyle Blackmon of Compass represented the customer on the deal, which closed about two weeks in the past. The residence was listed in mid-October and went into contract about 5 weeks later.
Featuring partitions of home windows and vivid, white interiors, the three-bedroom residence has about 4,200 sq. toes of area, together with two terraces, in accordance with the itemizing with Samantha Curry and Daniel Ekerold with Douglas Elliman.
It affords “breathtaking direct ocean and intracoastal views from the living room, dining room, master suite and kitchen,” the itemizing mentioned. It boasts marble flooring all through and a master bedroom with two dressing rooms and two bogs, and was offered with furnishings from the Florida-based firm Artefacto.
Building facilities embrace two spas, a salon, a 75-foot swimming pool, a health heart and neighborhood areas.
The sale was a report for the constructing and the very best worth paid per sq. foot in West Palm Beach ever, at $3,364 per sq. foot, information present. The city has been a scorching spot through the pandemic—within the third quarter, rental costs there have been 56.6% above pre-pandemic ranges, in accordance with a report from Douglas Elliman.
Representatives from Wanxiang didn’t instantly return a request for remark.
The Bristol overlooks the water.
Shawn Hood Media