The Coastal Star

Business Spotlight: HGTV’s ‘House Hunt’ includes $11.5 million Boca home

This new 10,000-square-foot home on Enfield Street in Boca Raton takes advantage of the view of the Intracoastal and is a finalist in HGTV’s online Ultimate House Hunt 2018. Photo provided

By Christine Davis

A new Boca Raton house at 899 Enfield St., exclusively listed for sale by Kathryn Gillespie, an agent with Illustrated Properties, has been selected as a finalist in HGTV’s international Ultimate House Hunt 2018. The $11.5 million home, developed by Mary Widmer of JMW Florida Properties, is one of 12 worldwide properties to be chosen for the “Waterfront Homes” category.
The six-bedroom, eight-bathroom, 10,000-square-foot home, designed by Ron Rickert of lntelae LLC and built by Ed Clement of Sabre Custom Homes, features 202 feet of Intracoastal Waterway frontage, a media room, club room, office, two 50-foot docks, an infinity edge pool with a spa and a four-car garage with a lift. The contest is a promotion held at HGTV.com through July 17, and winners are decided by online votes. To vote, visit hgtv.com/design/ultimate-house-hunt/2018-hgtv-ultimate-house-hunt/waterfront-homes.

At $19.88 million, the estate at 6161 N. Ocean Blvd. set a sales record for Ocean Ridge. Photo provided

Freedom Mortgage Corp. founder and CEO Stanley Middleman and his wife, Roslyn, bought a new estate home at 6161 N. Ocean Blvd., Ocean Ridge, for $19.88 million. The sale was recorded June 14. Represented by Nick Malinosky and Randy Ely of Douglas Elliman’s Sports & Entertainment Division, the seller was Ocean Ridge 6161 N. Ocean LLC, managed by Donna M. Sotillo in West Palm Beach. The property previously sold for $6.15 million in 2013.
The new five-bedroom, 13,542-square-foot home was built on the 1.55-acre site last year. Features include white-oak wood and limestone tile flooring, designer wall-coverings, impact glass windows and doors, generator, two garages, security system and smart-house technology.
The selling price set a record for Ocean Ridge. The previous record was $13.635 million for a property at 6125 N. Ocean Blvd. in February 2016, also an Ely and Malinosky listing.

A five-bedroom, 7,486-square-foot home at 3501 N. Ocean Blvd. in Gulf Stream sold May 31 for $13.88 million, according to public records. A Florida limited liability company managed by RKivest LLC and signed by architect Rustem Kupi, Delray Beach, was the seller, represented by Corcoran Group agents Candace Friis and Phil Friis. The buyer, 3501 North Ocean Blvd. LLC, a Delaware limited liability company, was represented by Corcoran agents Dana Koch and Paulette Koch.
Kupi’s company acquired the site for $9.25 million in March 2015 and completed the new home in 2017.

Holliday Fenoglio Fowler, LP announced in June the $23.68 million sale of 900 Broken Sound Parkway, a 115,986-square-foot, Class A office building in Boca Raton. The Holliday team represented the seller, a partnership between Mainstreet Capital Partners and an investment fund managed by the Davis Cos., a Boston-based commercial real estate development and investment firm. Holliday also represented the buyer, a partnership between local investors and a national investment fund that has selected NAI/Merin Hunter Codman to provide management and leasing services.
Built in 1989, the five-story building was most recently renovated in 2015 and is 79.4 percent leased to tenants that include CSL Plasma and Geosyntec. The Holliday investment advisory team representing the seller included Hermen Rodriguez, Ike Ojala and Tracey Goo.

Sofa Partners and Manuel Vergara secured a $20.6 million construction loan for 111 First Delray, a 70-unit, five-story condo project on Southeast First Avenue. Trez Forman Capital Group, a joint venture between Forman Capital and Vancouver-based Trez Capital Group, is the lender.  The development team, consisting of two families, which include Felipe and Manuel Vergara and Rafael and Daniel Rincon, paid $9 million for the property in 2015. A year later, Sofa Partners launched sales with Nestler Poletto of Sotheby’s International Realty. Ranging from one-bedroom to three-bedroom units priced from the $500,000s to about $1 million, 60 percent are sold. Construction is underway and it’s set to open in April.

The Keyes Co.’s Illustrated Properties acquired Palm Beach County Realty Group of Boynton Beach on June 13. The deal adds 23 agents to Keyes’ Manalapan office at 230 S. Ocean Blvd. The Boynton Beach firm, led by Robert Sauer Jr. and Mary Prince, was founded in 2011. It closed more than $20 million in sales last year.
“After meeting with Keyes CEO Mike Pappas and Senior Vice President Steven Reibel, it became clear to us that Illustrated would give our agents the support, dedication and vision they need to grow their business,” Sauer said.
Pappas said: “The addition of Palm Beach County Realty Group and the firm’s talented agents to our family is another example of the tremendous impact we have enjoyed from our 2016 alliance with Illustrated Properties.”

Based on a report from the Realtors of the Palm Beaches and Greater Fort Lauderdale, the sales of single-family homes ranging from $400,000 to $599,999 showed a 14 percent year-over-year increase in May, while home sales of more than $1 million decreased by 0.8 percent. Overall, closed sales decreased 2.7 percent, with cash transactions down 12.1 percent and the median sales price up by 5.7 percent to $354,000.  The median time to contract increased 2.1 percent to 49 days. Active listings decreased 2 percent and the supply of inventory remained the same at 4.9 months. “The numbers for May reflect what could be a trend toward a leveling out of the market,” said Jeffrey Levine, president elect of the Realtors of the Palm Beaches and Greater Fort Lauderdale. 

Jose Antonio Fernandez, a tennis player and coach originally from Chile, has joined the sales team of Silver International Realty as a real estate agent. His grandfather and mother also were tennis pros, and his uncle Patricio Cornejo was a top professional and played on Chile’s Davis Cup runner-up in 1976.
Fernandez played on the ATP Tour for 12 years, reaching a career-high ranking of 202 in 1991. He was a member of the Chilean Davis Cup team from 1986 to 1992. He became a coach after retiring, and Steffi Graf was one of his students.
“Due to his international background, he is fluent in Spanish, Portuguese, German, English and he has some knowledge of French and Italian,” Realtor Christel Silver said. “Because of the fact that he is currently living in the Sunshine State, he decided to help his friends in their search for investment properties in the region.”
Silver International Realty is at 55 SE Second Ave., Delray Beach.

John Campanola, an agent from New York Life’s office in Delray Beach, was one of the sponsors of a TED Center event, “An Evening With Shining Stars Annual Gala,” which was held at the Delray Beach Marriott.
The Center for Technology, Enterprise and Development in Delray “is a nonprofit charitable and educational Community Development Corporation organization [that] understands the challenge of achieving economic sufficiency for new and existing businesses,” he said. “The center has an ambitious outreach program to develop entrepreneurial skills and inspire others to do the same.”

Boca Raton residents Roy Metzger and Gissel Ellington recently opened Pool Scouts, a pool maintenance and services company. The two aim to provide top-notch services to the neighborhoods of Highland Beach. Prior to opening Pool Scouts, Ellington began her own business, Stressless Movers. Metzger worked as a vice president of sales for global financial services.

Get ready and get hungry for the Boca Chamber’s second annual Boca Restaurant Month in September. Three-course meals will be offered at reduced prices, with lunches priced at $21 to $25 and dinners priced at $36 to $40. For a list of participating restaurants and to view menus, visit www.bocarestaurantmonth.com. The Boca Chamber’s partners for this event include the city of Boca Raton, Open Table, Boca Center, Town Center at Boca Raton, Discover the Palm Beaches, General Growth Properties and Boca magazine.

The Festival Management Group announced that the South Florida Garlic Fest will be featured on the Cooking Channel’s Carnival Eats Season 6 premiere, Garlic Angels, at 9 p.m. July 15. Wellington’s Bacon & Bourbon Fest will be featured in the program’s 2018 fall season.

The Delray Beach Marketing Cooperative’s new app at VisitDelrayBeach.org, designed in partnership with Visit Widget, offers an interactive way to explore Delray Beach events, restaurants, attractions, hotels and points of interest. Users can plan trips on their computers, then download the app and go
mobile with the plan. “See a beach activity you don’t want to miss? Click ‘Join’ and the event will be added to your plan,” said Stephanie Immelman, executive director. “Want to invite some friends? Share your plan with them directly or via social media, email or SMS.”
Find the app by going to VisitDelrayBeach.org and clicking “Plan Your Visit.”

Time for a staycation? The Delray Beach Marketing Cooperative encourages you to check out hotel summer deals in Delray Beach.
Colony Hotel & Cabana Club is offering a $119 nightly
rate through October 2018. Crane’s Beach House Boutique Hotel and Luxury Villas offers a 20 percent discount. 
Delray Beach Marriott offers 20 percent off for Florida residents or 10 percent off all suites. Delray Sands is offering up to 20 percent off, plus breakfast for two. Fairfield Inn & Suites is giving a free $20 gas card earned per night, plus a Florida resident rate.
Hyatt Place is offering 15 percent off. Parliament Inn is giving the seventh night free. Residence Inn is giving Florida residents 20 percent off. All deluxe room bookings at The Seagate Hotel & Spa include a hot stone massage and Wright by the Sea is giving 15 percent off all oceanview apartments. 
For more information on hotel summer specials, go to VisitDelrayBeach.org/summer. To see restaurant summer specials, go to VisitDelrayBeach.org/eats.

Crane’s Beach House Boutique Hotel and Luxury Villas was named to the TripAdvisor Hall of Fame, an accolade granted to businesses that have won the TripAdvisor Certificate of Excellence for five years in a row.
Based on guest reviews, it also won the #Lovedbyguests Award from Hotels.com and it made the Expedia Insiders Select List as judged by Expedia travelers’ experiences.
Crane’s is a repeat recipient of the Florida Superior Small Lodging Association’s Donald A. Dermody White Glove Award for housekeeping excellence and exceptional service.

After a well-received pilot program last year, the Delray Beach Downtown Development Authority has revived the Downtown Safety Ambassador Program, with two ambassadors providing security and hospitality services from 7 a.m. to 10 p.m. Sunday through Thursday, and 7 a.m. to 11 p.m. Friday and Saturday.
They are patrolling downtown, the Pineapple Grove Arts District and south of Atlantic one block.
Partner organizations include the Police Department Clean and Safe Unit, Fire Department, Community Improvement and Downtown Clean and Safe Unit, and the Homeless Task Force. 
The DDA is managing and overseeing the program.


Send business news to Christine Davis at cdavis9797@gmail.com.

Views: 311

Comment

You need to be a member of The Coastal Star to add comments!

Join The Coastal Star

© 2018   Created by Mary Kate Leming.   Powered by

Badges  |  Report an Issue  |  Terms of Service