Direct Oceanfront views I shot from an Ocean Palms Residence
This weekend, I’m working with 2 sets of Buyers who are interested in South Florida Waterfront Condos. One of them will be relocating to South Florida and would like to purchase an Oceanfront Condo in Ft. Lauderdale, Pompano Beach, Hollywood, or Hallandale.
Today, one of the Buildings we visited was Ocean Palms Condo in Hollywood, a direct Oceanfront Building. While there, we viewed the Amenities and several Units with beautiful Ocean and Intracoastal views.
Ocean Palms Condo includes 5 Floor Plans ranging in size from 1,733 Square Feet – 3,466 Square Feet with 2-3 Bedrooms and a total of 240 Units in a 40-Story Building.
Each Residence offers private Elevator entry and Foyer with double Doors DIRECTLY into your Condo, which is perfect for privacy and eliminates the need to walk down Hallways to your Residence. The Foyer area is yours to personalize as you wish and many Owners have designed unique and beautiful Foyers through the creative use of custom Doors and Flooring, Lighting, Artwork, Wall Textures, Glass work, and more.
The Balconies are very spacious and great for enjoying the views and breeze while relaxing or entertaining.
Built in 2006, Ocean Palms meets the most current Building Codes for Impact Windows and Roof Construction.
Amenities and services at Ocean Palms include:
- Fitness Center
- Ballroom/Clubroom
- Billiard Room
- Media Room
- Dry Sauna
- Steam Room
- Massage Rooms
- Business Center
- Oceanfront Swimming Pool
- Concierge
- 24/7 Security Personnel and Valet
- 4 Porters
- Pool Attendant
- Property Manager
- Weekend Poolside Juice Bar
Condos for Sale in Ocean Palms
Of the 240 total Units, only 29 are currently listed for sale. Their price range is $480,000 – $1,899,000. Of the active listings, the Median price is $795,000 (I used Median instead of average since the average was affected by the $1,899,000 listing).
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Condos sold in Ocean Palms
Recent sales activity has been healthy and, within the last 5 months, Property Tax Records indicate that 12 units have been purchased with a purchase date range of November 2, 2009 – April 6, 2010 and a purchase price range of $560,000 – $1,150,000. Of the 12 closed sales, the average purchase price was $704,991.67.
What I’m consistently seeing in the current market is that sales have dramatically increased! 1 year ago, during the same time period (November of 2008 – April of 2009), there were only 3 Units sold in Ocean Palms, compared to 12 units purchased within the same timeframe now. There are LOTS more Buyers who are purchasing instead of just looking. THIS IS NOT SPIN! The numbers speak for themselves and property sales records are public information. It should also be noted that sales within this price range ARE NOT sales that are driven by the First Time Homebuyer Tax Credit.
Condos under Contract for purchase in Ocean Palms
Details in the MLS indicate that 8 Residences are currently under pending Contract for purchase.
Ocean Palms is located conveniently close to Shops, Restaurants, Golf Courses, and the Hollywood-Ft. Lauderdale International Airport and would be a great Building to add to your list if you’re interested in South Florida Luxury Waterfront Condos.
Related information
Vickie Arcuri says
October, 2010 Ocean Palms Condo Sales update:
https://southfloridahomespot.com/2010/10/17/recent-sales-in-ocean-palms-condo/