palm beach real estate

Ritz-Carlton Residences at Singer Island Host Grand Opening

Luxury is on the rise in Palm Beach once again. Lionheart Capital, owner of The Ritz-Carlton Residences Singer Island, is hosting the official grand opening of the 8.8-acre oceanfront property on January 21. The two tower complex is one of only six stand-alone residential properties managed by the Ritz-Carlton brand worldwide. In June 2010, Lionheart, in partnership with Elliott Management Corporation, closed the $120 million bulk purchase of the remaining inventory at 2700 North Ocean (a total of 146 units in the 242-unit project). The property converted to The Ritz-Carlton Residences Singer Island, Palm Beach on November 1. Real estate in South Florida continues to struggle but news from this property is strong so far, with only 60 days on the market as a Ritz-Carlton, the property has already logged $20 million in sales.

The opening celebration includes accreted indoor/outdoor art tour featuring works from the private collections of Carlos and Rosa de la Cruz, Ella Cisneros Fontanals, Marvin and Elayne Mordes, Jane Holzer and Beth Rudin DeWoody, as well as pieces on loan from Art Palm Beach by Litvak Gallery and Albert Paley, among others. The event will include the unveiling of the Signature Residence models as well as samplings of food prepared by the property's new chef.

Tags: Ferrari, florida real estate, palm beach, palm beach florida, palm beach real estate, ritz-carlton, ritz-carlton residences, ritz-carlton singer island, singer island

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$84 Million Dollar Spec House On The Market In Palm Beach

by Deidre Woollard (RSS feed) —

Filed under: Estates

We've seen plenty of houses sell for exorbitant prices in Palm Beach, Florida but 1220 South Ocean stretches the boundaries of spec construction. The Wall Street Journal reports that the French Chateau-style waterfront home was built by Dan Swanson, a high-end developer. The eight-bedroom home has a lakeside dining room, a massive wine cellar, separate guest house, boat dock and a 60-foot heated pool.

The property website says the home is a total of 27,355 square feet (20,129 square feet of air conditioned space). All the finishes are exquisite including marble, antique stone and European oak flooring. The home has a commercial elevator and both a family staircase and a grand marble staircase. The kitchen isn't just a kitchen, it's a complex with a butler's pantry, , walk-in pantry/chef's office, and dedicated staff powder room. The hem has six juice bars, a main service bar and an oak sit-down bar in the garden room. At 4,000 square feet the master suite is larger than most homes and has separate sitting rooms, dressing rooms, bathrooms and multiple balconies.

This home however has lake, not ocean views, making $84 million a bit of an ambitious price in my opinion. Check out the property website here.

Gallery: South Ocean Blvd.

Tags: florida real estate, palm beach, palm beach real estate

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South Ocean, Estate of the Day

by Deidre Woollard (RSS feed) —

Filed under: Estates

We're back in Palm Beach, Florida for more exorbitantly priced real estate. Today's home sits near the top of the market and has seven bedrooms and over 13,000 square feet of space. The home offers views of the intracoastal waterway from every major room and the pool is right on the water. The home was built in 2007 and reflects the height of Florida real estate extravagance with long marble hallways and elegant wood and wrought iron details. It is listed at $42.5 million.

Gallery: South Ocean