A condominium in West Palm Beach was sold for a whopping $12 million

A condominium in West Palm Beach was sold for a whopping $12 million

West Palm Beach, Florida is a popular migration destination. One of the largest real estate transactions of the current year has recently been made there, as a condominium on the 14th floor of the 25-storey beachfront residential tower, The Bristol, was sold for $12 million. The property was listed in the middle of October and spent about five weeks in the market.

The buyer paid this hefty amount for a 390 sq m residence with 3 bedrooms and 2 terraces. Floor-to-ceiling windows overlook the ocean, promising breathtaking views from the living room, the dining room, the master bedroom, and the kitchen. Bright white interiors are complemented with marble floors. The master bedroom features two walk-in wardrobes and two bathrooms. The home is furnished with elegant furniture from the design bureau Artefacto from Florida.

The condo complex has two spa salons, a beauty parlor, a 23-meter swimming pool, communal spaces, and a fitness center on the premises.

This transaction has become the largest for this building and has also set a record for price per square foot over the whole history of West Palm Beach - $3,364.

This resort city was extremely popular during the pandemic. According to a report by the real estate agency Douglas Elliman, condominium prices surged by 56.6% there compared to 2019. The recently closed deal suggests that opulent turnkey properties in the Palm Beach area remain invariably popular and this trend is likely to continue next year.

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