South Florida Real Estate Showcase August 2021 from Hamptons Real Estate Showcase

SOUTH FLORIDA

AU G U S T 2 0 2 1

ONE THOUSAND MUSEUM RESIDENCES BY ZAHA HADID ARCHITECTS SEE PAGE 114

TH E P REMIER LUX URY R E A L E S TAT E A ND L I F E S TY L E M A G A Z I N E

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S P E C I A L P R O M O T I O N A L F E AT U R E

Visionary Architecture Graces Downtown Miami Skyline

O

ne Thousand Museum Residences, South Florida’s most prestigious and coveted new residential tower, is redefining Miami’s skyline. The tower is the catalyst that shifts the center of gravity for high design and ultra-luxury residences to Downtown Miami. This harmonious fusion of Art, Architecture & Design comes from the prolific imagination of Pritzker Prize-winning architect, the late Dame Zaha Hadid — her first and only residential skyscraper in the Western Hemisphere. Rising 62 stories above Downtown Miami, the tower offers its residents a unique design, unprecedented level of service, unrivaled amenities, and breathtaking views of Biscayne Bay and the Atlantic Ocean. Pushing the limits of architectural innovation, Zaha Hadid created a new artistic space for vertical elevation, optimistic design, and uncensored hybrid living. Hadid’s visionary architecture was built to impress, boasting landmark design and featuring a private collection of 84 residences.

Conveniently located on a gorgeous property next

to Museum Park, this uniquely privileged building sets the bar high. Zaha Hadid revolutionized architecture for more than 30 years and is globally known for her curved design. Reflecting Hadid’s mastery of curves, One Thousand Museum creates a flowing atmosphere between the magnificent skyline and the exquisite interior design of each residence. Downtown Miami is carpeted with countless buzz-worthy buildings that each claim their own piece of the Miami skyline.

One Thousand Museum stands out above them all.

More than a luxury residential building, One Thousand Museum is an experience for all your senses. The serene atmosphere is translated into every corner of the residences. The smooth bathroom design is based on spa-quality elements, from the unique faucets to the European cabinetry and countertops with personalized colors. Kitchens feature elegant European details, top-of-the-line appliances, and tailored finishes, including, Italian cabinetry by Poliform, fine quartz countertops Indoor-Outdoor Wellness & Spa

by Silestone, steam ovens, microwaves, and integrated coffee makers by Gaggenau. The latest home automation technology is integrated into the residences. The ultra-modern system

by Creston allows residents to manage lighting, heating, air conditioning, audio, video, and other home features right from a tablet or smartphone.

Residents are able to modify the light to match their mood and achieve a perfected ambiance for different types of entertainment, without compromising the privacy that the bedroom lighting conveys. The residences’ open layouts feature large terraces, structured with the gracious curves of the emblematic exoskeleton.

One Thousand Museum, with only 4 residences remaining – offering a final opportunity to own a residence in this bespoke building, one of the last works of Art & Architecture by Dame Zaha Hadid.

For further information contact One Thousand Museum’s team at info@1000museum.com or 786.808.0950.

Private Rooftop Helipad

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FLORIDA LIVING

SOUTH FLORIDA IS HOT! THE ONLY THING HOTTER THAN THE TEMPERATURE IS THE REAL ESTATE MARKET

BY KAREN DASH

M

ove aside, Los Angeles. Shove over, Hamptons and Greenwich. There’s a luxury real estate market even more torrid

than any of you: welcome to South Florida, 2021.

Two reasons: low taxes and working from home.

Residents from high-tax markets such as New York and California are flocking to Palm Beach, Miami, Coconut Grove and Fisher Island. Florida does not have a state income tax, so finance and tech executives with deep pockets are setting up shop there, since the pandemic has eased

Tarpon Island, Palm Beach Listed wtih Jim McCann, Premier Estate Properties

working from home.

Let’s look at some astonishing sales that have occurred in the past few months.

In March, an LLC controlled by the Ziff family of publishing fame sold “Gemini,” its 16-acre property on a barrier island in Manalapan, just south of Palm Beach. The $94 million sale is a new record for Palm Beach County. The spread spans the width of the island, with roughly 1,200 feet of frontage on the Atlantic and about 1,300 feet on the Intracoastal Waterway. Gemini had originally been for sale for nearly $200 million in 2017.

Ocean Boulevard divides the property in half,

Evidently South Florida developer Todd Michael

but there is a private tunnel underneath that

Glaser thinks so — he fell in love with a 2.5-acre

the family used as an art gallery. Outside is

private island, accessible only by a private bridge.

a PGA-quality golf course, a tennis court, a

Tarpon Island is considered Palm Beach’s most

basketball half court, pool, and multiple docks.

exclusive address. (Sorry, Mar-a-Lago!) Glaser

The new owner, who is anonymous, will have

spent a year trying to get its owners, William and

plenty of room to spread out: the main house is

Eileen Toll, to sell. It’s now in contract for close

nearly 21,000 square feet; there are four main

to $90 million.

buildings in all, with a combined 33 bedrooms, 34 bathrooms and 13 half-bathrooms in 85,000

Glaser plans to renovate and expand the main

square feet.

1930s house on the island, which will make it 22,000 square feet. (At one time, the property

Is Palm Beach just not quite exclusive enough?

boasted its own seaplane ramp, helicopter pad, fallout shelter and a bar in the kitchen.)

Additions will include indoor and outdoor pools, a gym, a tennis pavilion and a padel ball court.

Which is…what? Padel is typically played in doubles on an enclosed court (like racketball) that is smaller than a tennis court. Scoring is the same as in tennis and the balls are similar but softer.

The Tolls, who paid $7.6 million for Tarpon Island in 1998, are relocating to West Palm Beach.

In July, fashion designer Tommy Hilfiger and his wife Dee Ocleppo Hilfiger closed on yet another

Gemini, Manalapan Listed with Cristina Condon & Todd Peter, Sotheby’s Palm Beach Photo: Lifestyle Production Group

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H A M P T O N S R E A L E S TAT E S H O W C A S E . C O M

Palm Beach property at 1930 South Ocean Blvd. for a recorded $46.25 million, as first reported

7 Ocean Lane | Palm Beach, FL Presenting the only new construction oceanfront home available in the new billionaire's block of Palm Beach. With over 100 feet of direct ocean frontage, this 6 bedroom, 10 bath contemporary style home will be the talk of the town with its sleek design and finishes, overhang loggias, and the oceanfront firepit, summer kitchen, and infinity pool. This incredible oceanfront estate is perfectly positioned at the end of the cul-de-sac offering ideal privacy, all within minutes to the finest shopping and restaurants in Palm Beach. Construction starting Fall of 2021. Price available upon request.

1030 S. Ocean Boulevard | Palm Beach, FL Spectacular brand new compound located in the coveted “Estate Section” on South Ocean Boulevard. This 14,000+ SF, 8 bedroom, 13 bath home features a gourmet kitchen, library, media room, wine cellar, pool, and cabana room. Spanning views of the Atlantic Ocean and deeded beach access. Completion Summer 2021. $48,500,000 fully furnished. www.1030southocean.com

Chris Deitz

561-373-4544 CDeitz@Raveis.com

Jonathan Duerr

305-962-1876 JDuerr@Raveis.com

William Raveis South Florida | 125 Worth Avenue, Palm Beach, FL 33480 | 561-655-6570 | Raveis.com

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FLORIDA LIVING

Jule Pond

Bal Harbour Marina Listed with Tony Imbesi, Douglas Elliman Photo: LPG for Douglas Elliman

in the Wall Street Journal. The British colonial

lot, and underwater rights to the lagoon.

boat slip and 518 feet of waterfront.

South Ocean Boulevard to its beach parcel.

In January, the heirs of the late Kathleen DuRoss

Also in April, the Barnetts paid $38 million for an

The off-market purchase is the third house

Ford, the widow of Henry Ford II, sold a waterfront

original Carl Fisher mansion on Star Island, the

they’ve purchased on the island since March.

mansion in Palm Beach for $55.15 million

former Star Island Yacht Club. The 1920s house

The Hilfiger’s previously recorded a $21 million

after just two months on the market. Mrs. Ford

was sold by Rally Manufacturing founder Marco

deal for a lakefront home on Dunbar Road, this a

purchased the 1.58-acre site in 2002 and built

Iacovelli, who paid $1.83 million for it in 1987.

little over three months after the couple paid $9

the 26,696-square-foot home, which includes

The

million for a house on Fairview Road. This follows

seven bedrooms, nine bathrooms, six half-

boasts more than 40 rooms, 255 feet of frontage

a recent sale of their seaside house in Miami for

bathrooms, a pool, a balcony, a dock, an elevator,

on Biscayne Bay, two private docks, a boat lift,

$24 million, and their Greenwich, Connecticut

bar, a library, and a media room.

a pool and cabana. There are even two separate

style mansion connects with a tunnel beneath

estate for a reported $45 million.

18,400-square-foot,

10-bedroom

house

staff living areas, with living rooms and kitchens.

The buyers were David Littman and Constance

A peninsula on the Bal Harbour Marina closed

Littman. David Littman is the founder and CEO

Clearly, the only thing hotter than the South

in June for $55 million. The two-acre property,

of Littman Brands, which comprises several

Florida temperature is the real estate market.

which used to be the Bal Harbour Yacht Club,

lighting brands.

is just vacant land. It was listed in February by Douglas Elliman agent Tony Imbesi, who happens

Roger Barnett is the Chairman and CEO of Shaklee

to be the son of the property’s current owner,

Corporation, the nutrition brand. He and his wife

Joseph Imbesi. New owner is unknown for now.

Sloan, a Lindemann heiress, have purchased over

The senior Imbesi paid $19 million for the former

$100 million in real estate in Florida in 2021. In

yacht club in the 1990s, which included 5.5

January, the couple bought a place on Fisher Island

acres of land on the beach and 10 acres on the

for $17.4 million. Evidently Fisher Island was not

bay. He tore down a modern clubhouse designed

to their liking, because they sold the property just

by well-known Miami architect Alfred Browning

four months later for $23 million. Nice profit.

Parker and converted some land into residential use, selling it off in pieces.

Undaunted, the couple in April purchased a Coconut Grove modern for close to $46 million

The land that sold in June included 915 feet of

from Miami businessman Jorge Mas. The modern

seawall, exposures on three sides, with, of course,

house, on an acre lot, was designed in 2015 by

amazing views, the marina docks attached to the

Alejandro Landes. Outside, there’s an 80-foot

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H A M P T O N S R E A L E S TAT E S H O W C A S E . C O M

1930 South Ocean Blvd, Palm Beach

C H R I S T I A N A NG L E R E A L E S TAT E

2 N Breakers Row S45, Palm Beach Rarely available 3BR/3.1BA Oceanfront Breakers Row condominium with poolside cabana. Beautiful corner unit features spacious and light filled great room with floor to ceiling windows. Multiple open balconies and a fantastic balcony with sunrise, ocean, and pool views. Additional highlights include large owner’s suite and kitchen with butler’s pantry.

Two North Breakers Row is a full service building with the amenities of the world-renowned Breakers Hotel.

Exclusive - $14,850,000 C 561.629.3015 T 561.659.6551 E cjangle@anglerealestate.com

www.AngleRealEstate.com

179 Bradley Place, Palm Beach, Florida 33480 Though information is assumed to be correct, offerings are subject to verification, errors, omissions, prior sale, and withdrawal without notice.

All material herein is intended for informational purposes only and has been compiled from sources deemed reliable. Equal Housing Opportunity.

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on the ocean LIVE O N E S O L D – O N LY O N E OPPORTUNITY REMAINS! 5 BR | 6.4 BA | 10,804 SF | $14M HIGHLAND BEACH, FL Oceanfront estate home offering an ultra-luxurious pure life with the utmost privacy. Sophisticated touches include private beach frontage, gracious pool, longevity room with gym, 5 car garage, elevator and a motorized privacy gate.

Ideally located between Delray Beach & Boca Raton just 30-minutes from Palm Beach and FLL airports!

September

2021 Completion.

Web# 13056

5 Sold!

ONLY 1 LEFT

PURA VIDA ON THE OCEAN 3 BR | 4.1 BA | 6,934 SF | $7M | Web# 13056 HIGHLAND BEACH, FL Experience the luxury of surf and sand at your doorstep and indulge in four stories of highly curated oceanfront living. This private oceanfront townhome boasts richly-appointed interiors, lush yard, plunge pool, 2 car garage, gated entry, elevator & rooftop entertainment deck. Ideally located between Delray Beach & Boca Raton just 30-minutes from Palm Beach and FLL Airports!

Y O U R PA L M B E A C H C O U N T Y L U X U RY E X P E RT

JENNIFER KILPATRICK

$100M+

JEN’S SALES IN 2021

+ Team

561.573.2573

jennifer.kilpatrick@corcoran.com Source: The Wall Street Journal, REAL Trends, June 2020 © Copyright 2020 Dow Jones & Company. Real estate agents affiliated with The Corcoran Group are independent contractors and are not employees of The Corcoran Group. Equal Housing Opportunity. The Corcoran Group is a licensed real estate broker located at 400 Royal Palm Way, Ste 110, Palm Beach, FL 33480. All information furnished regarding property for sale or rent or regarding financing is from sources deemed reliable, but Corcoran makes no warranty or representation as to the accuracy thereof.

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The Koch Team is to real estate what the Hamptons is to summer... incomparable.

Ranked by sales volume by

Real Trends The Thousand, as published in The Wall Street Journal

2 # 3 # 9 $ 450M+ $ 417M+ #

PA L M B E A C H

FLORIDA

#PALMBEACHPROVENLEADERS

N AT I O N W I D E

SOLD IN 2020

SOLD & PENDING IN 2021

Transform your vacation destination into your own slice of paradise. Owning a home in Palm Beach County has never been more valuable. Contact The Koch Team to navigate the market with the Island’s proven real estate leaders.

Ocean Ridge Beauty FEATURED LISTING (above): 4BR | 5.3BA | $3.45M | WEB# 14421

Paulette Koch Broker A ssociate m 561.34 6.8639 | paulet te.koch@corcoran.com #14 Nationwide by Wall Street Journal / RealTrends 2019

Dana Koch Sales A ssociate m 561.379.7718 | dana.koch@corcoran.com # 9 Nationwide by Wall Street Journal / RealTrends 2021 Equal Housing Opportunity. All information furnished regarding property for sale or rent or regarding financing is from sources deemed reliable, but Corcoran makes no warranty or representation as to the accuracy thereof. All property information is presented subject to errors, omissions, price changes, changed property conditions, and withdrawal of the property from the market, without notice.

All dimensions provided are approximate. To obtain exact dimensions, Corcoran advises you to hire a qualified architect or engineer.

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S P E C I A L P R O M O T I O N A L F E AT U R E

Ocean and Intracoastal Views The Plaza, West Palm Beach

THE KOCH TEAM OF THE CORCORAN GROUP PALM BEACH

BY CLAUDETTE GREENSTEIN

P

aulette Koch and Dana Koch are two of the

their clientele to this area. It has brought a renewed

the new pricing floor. Since there is a lack of product,

most successful brokers in Palm Beach.

energy with a much younger family demographic.

many Buyers have bought condos or smaller homes

Paulette has been consistently recognized

I like to call it a renaissance! South Florida, especially

to use as “placeholders” as they establish residency

among the top 2% of real estate professionals in

Palm Beach has been transformed into a “big, small

and patiently look to upgrade. It is important to try and

the U.S. by the Wall Street Journal. Her son and

town” with all of the conveniences at your fingertips.

get your “foot in the door.”

2nd in Palm Beach in 2021, by Real Trends/WSJ

The South Florida market is hot, what are your

Is it a buyers or seller’s market in South Florida right

“The Thousand Report,” with a sales volume of

predictions for the rest of 2021?

now?

over $450 million in 2020. Together, they have sold

I believe that there will continue to be upward market

100% a Seller’s market with very high Buyer demand

a total of over $6 billion worth of beautiful South

pressure as prices climb further and new thresholds

and no immediate end in sight!

Florida properties. As busy as they are in this hot

are achieved. There is just too much demand and not

market, they were gracious enough to share their

enough supply. I feel that inventory will stay at these

Can you tell us about one of your current listings and

thoughts on the South Florida real estate scene

low levels through at least the end of 2021+. Buyers’

why it’s a good deal?

with us.

appetites are insatiable and Sellers have nowhere to

We have a brand new, gorgeous apartment with

go which creates a dilemma for all!

high end finishes at The Plaza with amazing views

partner, Dana Koch, was ranked 9th nationally and

What is the vibe like in South Florida this year,

122

of the ocean and intracoastal. It is the only “new

compared to last?

What is the best advice you can give a buyer looking

construction” available in this white glove building

The mass migration to South Florida continues. Many

for real estate in South Florida now?

that has amenities galore! Asking price is $1.995M.

people and businesses decided to take the plunge that

When you find something that you want to purchase,

they have been contemplating for a while because of

do not hesitate...buy it! If not, there is a very good

tax purposes. The pandemic was the final factor in that

chance that someone else will. This market is fast

important decision. As a result, restauranteurs, gallery

paced and quick decision making is critical. The

owners, retailers, doctors, and hospitals have followed

latest sales in South Florida are what I believe to be

The Koch Team | Dana Koch & Paulette Koch The Corcoran Group Palm Beach

H A M P T O N S R E A L E S TAT E S H O W C A S E . C O M

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Gary Pohrer Your Palm Beach Island Insider

Once in a Lifetime Opportunity to Own the Largest Penthouse in Palm Beach.

Located Above Tiffany’s on Worth Avenue with approx. 13,000sf.

259 Worth Avenue | $19,500,000 | Web# RX-10687398

Recently Remodeled Breathtakingly Designed Home. Fully Furnished with Bright Living Spaces that Overlook the Expansive Backyard.

235 Garden Road | Palm Beach | $10,000,000 | Web# RX-10727788

Located In-Town Only One Property From the Ocean. Classical Home with 3 Bedrooms, 3.5 Bathrooms and 1-Bathroom Guest House.

124 Australian Avenue | Palm Beach | $6,950,000 | Web# RX-10717146

The Only Direct Oceanfront Rental Available in Palm Beach.

Conveniently Located Near Town on a Quiet Cul-de-Sac Street.

6 Via Los Incas | $250,000/month seasonally, 6-month minimum $2,000,000/annually | Web# 21-999

Gary Pohrer Executive Director of Luxury Sales M 561.262.0856 gary.pohrer@elliman.com thepohrergroup.com Ranked #1 Douglas Elliman Agent Nationwide in 2020* Top Producing Douglas Elliman Realtor in Palm Beach for Sales Volume since 2017* Top Producing Douglas Elliman Florida Realtor for Sales Volume since 2018*

elliman.com

340 ROYAL POINCIANA WAY, M302, PALM BEACH, FL 33480. 561.655.8600 © 2021 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE, THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY. *BY 2017-2020 GROSS COMMISSION INCOME AT DOUGLAS ELLIMAN REAL ESTATE.

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CONDON YOUR PALM BEACH EXPERTS SINCE 1982

Where Will You Be This Winter...

East Inlet Direct Oceanfront P r i c e U p o n R e q u e s t | EastInletOceanfront.com

KEVIN CONDON Broker Associate kevin.condon@sothebyshomes.com 646.457.8919

CRISTINA CONDON Senior Global Real Estate Advisor cristina.condon@sothebyshomes.com 561.301.2211 | cristinacondon.com

PALM BEACH BROKERAGE | 340 ROYAL POINCIANA WAY, PALM BEACH, FL 33480 | 561.659.3555 | SOTHEBYSREALTY.COM © 2021 Sotheby’s International Realty. All Rights Reserved. The Sotheby’s International Realty trademark is licensed and used with permission. Each Sotheby’s International Realty office is independently owned and operated, except those operated by Sotheby’s International Realty, Inc. The Sotheby’s International Realty network fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. All offerings are subject to errors, omissions, changes including price or withdrawal without notice.

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