One Thousand Ocean Luxury Oceanfront Condos

This Tuesday, I attended a Broker’s Preview of Unit 205, a Beach Villa offered for resale at One Thousand Ocean Condo.   

Containing only 52 Units on 7 Floors, One Thousand Ocean is a fabulous combination of superb Oceanfront location at the entrance of Boca Inlet, beautiful views, luxury lifestyle, generous Amenities, exclusivity, and spacious Residences that feel like Single Family Homes.

Luxury Condos

Units known as Beach Villas, Residences, and Penthouses at One Thousand Ocean offer fabulous Ocean, Intracoastal, and City views and feature Floor-to-Ceiling walls of Glass, Fireplaces, Gourmet Kitchens, large Terraces, Summer Kitchens, private Plunge Pools, private Elevator Entry, and private Garages.

The Beach Villas and Residences range in size from ~2,600 – 5,837 Square Feet of Living Area.  The 4 Penthouses have ~5,600 – 8,700 Square Feet of Living Area and their Outdoor Terraces range in size from ~3,600 Square Feet – 4,500 Square Feet.   Per Jamie Telchin of LXR Resorts,  

“Penthouse Terraces alone are larger than the average size of a new single-family home.”

 Amenities

Amenities include a Fitness Center with Pilates, Yoga, and Aerobics Rooms, Spa Treatment Suite, Conference Room, Children’s Playroom, Oceanfront Pool and Sun Deck, Pool Butlers, Private Cabanas available for purchase, on-site Management, 24-hr. Desk Attendant, Full-time Concierge, 24/7 Valet, and full-time Security.   In addition to on-site Amenities, Residents of One Thousand Ocean also have the option to become Members at a discounted rate of the Boca Raton Resort and Club (a Waldorf Astoria Resort) and Boca Beach Club.   Amenities at Boca Beach Club and Boca Raton Resort and Club include 3 Pools, an Oceanfront Bar, Cabanas, Golf, Tennis, Spa and Salon Palazzo, a 32-Slip Marina, Children’s Programs, Restaurants, and more.

Market Activity in One Thousand Ocean

So, what’s selling in One Thousand Ocean Condo and how much are they selling for? 

Construction of One Thousand Ocean was completed in February of 2010 and Closings started that same month.   Since Closings began, 31 of the 52 Units have been sold and their purchase price range was $2,750,000 – $12,000,000.     The purchase prices and number of purchases clearly indicate:

1. Increasing number of sales in the luxury segment of the Market
2. Increased Buyer confidence in the Market
3. Demand by high net worth individuals who are savvy Buyers, who carefully evaluated the Market, and recognized the value that’s presented at One Thousand Ocean
4. A stable Building that has established luxury price values in the current market
5. Decreasing inventory of luxury Condos
6. Stabilizing conditions in the luxury Market
7. A strong, consistent track record of sales such that those who are considering purchasing in the Building are provided with comprehensive current market comparable sales data to review
8. A Building that’s not in distress and not dealing with Foreclosures or Short Sales

I reviewed Palm Beach County’s Property Ownership Records for One Thousand Ocean Condo and prepared the following information, which outlines purchase prices and purchase dates of the Units sold so far.  

*Units 503, 504, and 509 were purchased by one Buyer who purchased the 3 Units for a total of $12,000,000.

Condos at One Thousand Ocean are currently available in a price range of ~$3,000,000 – $15,000,000.  One Thousand Ocean Condo is located at 1000 S. Ocean Blvd. in Boca Raton, FL.    If you would like additional information about One Thousand Ocean Condo and/or would like to schedule a Tour of the Building and Resort, contact me for details.

Below are pictures that I shot in Beach Villa 205, offered for $3,800,000.   The direct Oceanfront views from the Unit are absolutely gorgeous!    It has a private Cabana, private Plunge Pool, private Elevator entry, 2-Car private Garage, 3 Bedrooms, 4 Baths, a Media Room, ~3,434 Square Feet of Living Area, and an Oceanfront Terrace with a Plunge Pool and ~813 Square Feet of space. 

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