Oceanfront penthouse in Palm Seaside sells for $14 million, deed displays
An oceanfront penthouse and cabana at the Sunshine & Surf condominium creating have adjusted fingers for a noted $14 million — a price that ties the sale as the 3rd most-pricey condominium deal ever in Palm Beach front. It also is the second-maximum selling price ever compensated for an oceanfront apartment on the island, house data demonstrate.
Shahla Ansary acquired Penthouse 2 at 100 Dawn Ave., in accordance to the deed recorded Friday by the Palm Beach County Clerk’s office. She is the spouse of Hushang Ansary, an Iranian-American diplomat and businessman. Based mostly in Houston, the Ansarys individual no other attributes in the county in their names, an on-line look for of residence data showed.
The penthouse was owned by a organization linked with Thomas P. Salice, co-founder and husband or wife of SWF Cash Companions and chairman of its investments committee. Based in Rye, New York, the personal fairness firm invests in organizations in the details, software, industrial and well being care technologies industries, according to its internet site.
The deed recorded Friday, and the sale closed Tuesday, in accordance to the Palm Beach Board of Realtors Various Listing services.
Salice absolutely renovated the 5-bedroom apartment, which entered the sector in May possibly at $18.75 million, the optimum price tag tag ever for a Palm Seashore condo in the local multiple listing service.
The apartment is on the prime ground of the east developing in the two-constructing progress, which stands a block north of The Breakers. The apartment has 8,841 square ft of residing space, within and on the terraces. About 5,000 square ft is underneath air conditioning, in accordance to the Palm Beach front Board of Realtors MLS.
Primarily based on the total sq. footage and the described price tag, the buyer paid out $1,544 per sq. foot.
Salice moved from the apartment to a never ever-lived-in oceanfront mansion at 1071 N. Ocean Blvd., which he bought past 12 months for a recorded $40.87 million utilizing a limited liability enterprise named Reiwa LLC.
>>MORE Material: Sale of mansion on sector for 4 a long time tops $40 million, deed shows
Broker Lawrence Moens of Lawrence A. Moens Associates had the listing for the penthouse. He also represented the buyer’s facet of the deal at 1071 N. Ocean Blvd. Moens has under no circumstances verified the consumer in the mansion sale and could not be attained for remark about the transaction at the Solar & Surf.
This week’s sale means Moens has been associated in a few of the island’s prime four rental specials, information exhibit.
Agent Hal Matheson of Monique Matheson Properties LC taken care of the buyer’s side of the penthouse sale at the Sun & Surf, MLS displays. He declined to comment.
Shahla Ansary also declined to comment, and Salice could not be reached.
Hushang Ansary served in key federal government and diplomatic positions in Iran — which include a role as ambassador to the United States — under the Shah of Iran prior to the monarch was deposed in 1979. Ansary immigrated to the United States and afterwards established a keeping enterprise, Parman Group, with business enterprise interests in the leisure industries, textile organizations, global trade and serious estate, in accordance to an on the web biographical sketch. Currently, his business enterprise roles contain serving as chairman of Parman Cash Team LLC and Parman Money Investments Ltd.
Thanks to its locale and just about panoramic views, the penthouse is deemed among the the most amazing on the island. Glass doors and home windows on a few sides open to wide terraces, capturing immediate-ocean vistas to the north, east and south, together with south sights of The Breakers Golfing System. The apartment also affords wide southwest sights of the West Palm Seashore skyline.
According to house information, the penthouse was owned by Salice’s Delaware-registered constrained legal responsibility corporation, Magis LLC, which in 2014 bought the device for a recorded $7.8 million. The sale included the double-measurement oceanfront cabana specifically down below it on the floor floor. The sale price set a building price history at the time.
The condo’s renovation took a lot more than two several years to full, information present. The undertaking provided stone, in depth tile function and other fantastic products. The update also included a well-outfitted kitchen area open up to the terrific room and the family
members home, according to resources acquainted with the project. The master suite has north ocean views.
The seller’s mailing address is detailed in residence documents as being in care of Jonathan Loeck of The Ayco Co., a monetary advisory company in Saratoga Springs, New York.
The Sunlight and Surf was designed in 1970 but over the previous numerous several years was up-to-date with a renovation of its prevalent regions and a restoration of its exterior.
History-setting sales
The best-dollar condo sale in Palm Seaside was recorded in 2013 at $17.45 million at lakefront Il Lugano, 300 Seminole Ave. Financier Lee Munder and his jewellery-designer spouse, Laura, sold penthouse 6A to a business involved with financier Jonathan Tisch and his spouse, Lizzie. The unit offered for $3,009 per sq. foot, based on the apartment’s dimensions of 5,798 square toes. Agent Jim McCann — then of the Corcoran Group and now with Leading Estate Homes — has stated he took component in the sale but will not comment further.
>>FROM THE ARCHIVES: Munders market penthouse for record-placing $17.45M
The second-most high priced condominium ever to modify fingers in Palm Seaside was on the ocean, when unit No.S-44 and a cabana at 2 N. Breakers Row sold in 2017 for $15.5 million. That 3,761-square-foot unit brought $4,121 for each square foot, placing a per-square-foot cost file in Palm Beach front. In that sale, Robert A. Meister bought to Richard A. Friedman. Moens handled both sides of that transaction.
Tying the sale value of this week’s deal at the Sunlight & Surf was a May perhaps 2014 off-market place transaction at Il Lugano — also recorded at $14 million — for Device 5A and Visitor Suite 2. The sellers ended up retired expenditure banker Raymond L. Golden and his spouse, Linda, and the customer was an entity named TPTS LLC. Moens represented equally sides.
In September 2016, an oceanfront condominium bought privately at 104 Gulfstream Highway — one of the two units at Las Ventanas experiencing Midtown Beach — for a recorded $13.9 million. A company controlled by homebuilder Zack Ciomek offered the condominium to Beverly and George Rawlings of Wellington. Broker Diane Jenkins of Jenkins Authentic Estate in Palm Seaside Gardens managed the buyer’s side of that sale, she confirmed.
>>MORE Articles: $15.5 million rental sale sets sq.-foot document in Palm Seaside
In the 2014 sale of the Sun & Surf penthouse, Salice’s enterprise was represented by the late Susan Polan, who was then an agent at Illustrated Properties but was at Douglas Elliman True Estate when she died in December. In the 2014 sale, Corcoran Group brokers Paulette Koch and Dana Koch had the listing, representing the estate of the late Carol Stone.
In the 2019 sale in which Salice’s ownership business purchased 1071 N. Ocean Blvd., the sellers ended up businessman Vahan Gureghian and his attorney spouse, Danielle, who have been represented by brokers Ashley McIntosh, Gary Pohrer and Vince Spadea of Douglas Elliman Authentic Estate.
>>MORE Written content: Oceanfront penthouse sale at Sunshine & Suf sets setting up history
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This story was current Nov. 20, 2020, to consist of data about the purchaser.
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