Iconic One Thousand Ocean Continues Successful Momentum, Reports New Sales and Resales

Boca Raton, Florida (PressExposure) March 24, 2011 -- A bright spot in South Florida real estate continues to be One Thousand Ocean, the Atlantic Ocean-to-Intracoastal condominium in Boca Raton where the dollar volume of unit closings has reached more than $148 million through March 18, 2011. This includes two new residences that recently went to contract and closed in less than three weeks from the time the buyers initially visited the property.

Bonnie Heatzig of Boca Executive Realty and Mark Nestler of Nestler Poletto Sotheby's International Realty acted as outside brokers, working with LXR Realty, LLC on the sale of Residences 403 and 507, respectively. Furthermore, Residence 307 went under contract on March 23rd, the same day the buyers toured the property for the first time. Michele Kleier of GHK Realty in New York City referred the buyers to the One Thousand Ocean sales team.

"Thirty-four new closings and another pending closing in just over a year demonstrate that a great product in a prime location with a privileged lifestyle continues to attract sophisticated, affluent primary and vacation-home buyers," said Jamie Telchin, president of development for LXR Luxury Resorts. "In addition, One Thousand Ocean has seen three resales recorded over the past year for prices exceeding their original selling prices. I believe the main reason for our sales success is the location, which would be difficult, if not impossible to replicate. One Thousand Ocean is situated on the tip of a private peninsula at the Boca Raton Inlet, adjacent to the Boca Raton Resort & Club's Boca Beach Club. It is truly a one-of-a-kind location."

Continuing, he said, "Many of our residents have moved in, are getting to know their neighbors and enjoying the property and the carefree lifestyle that they purchased during the pre-construction and construction phases. We've had an extremely busy sales season and look forward to welcoming more residents to the One Thousand Ocean family in the near future."

Telchin added that One Thousand Ocean has consistently been a leader in new condominium sales in this market since its inception, when it was only a vision on the drawing board. He pointed out that One Thousand Ocean appeals to high-net-worth buyers with varying lifestyle preferences. Many are from traditional South Florida feeder markets, particularly the Northeast U.S. However, purchasers have come from Europe as well.

"Our buyers are selecting dramatically different residences and different views within the building. Some like the tranquility of the ocean, while others want the vibrancy of activity that can be seen by looking out over the Boca Beach Club and the cityscape," he said.

Commenting further, Telchin noted, "We have always maintained a tight control on inventory so that residences have been released in a way so as to maintain a mix of sizes with varying price points. The 17 remaining residences are one-of-a-kind, so our sales team continues to remind buyers that time is of the essence in moving to contract on a particular residence since for the most part, once it is sold, they will need to focus on a different floor plan and location within the building. The 17 residences include four Penthouses (which were released this season), three two-story Beach Villas, and 10 one-story Residences."

Prices range from approximately $3 million to more than $15 million.

Residents of One Thousand Ocean who are, or who choose to become private members of the Boca Raton Resort & Club are able to access the amenities and services of this esteemed Waldorf Astoria Resort, both at its main location just across the Intracoastal, as well as the Beach Club next door to One Thousand Ocean. The Boca Raton Resort & Club has reigned as a landmark of elegance for more than 80 years. Today, it remains faithful to its glamorous past while radiating new energy and offering infinite amenities.

For the enjoyment of its residents, One Thousand Ocean's onsite Ocean Club has a fitness center with aerobics, yoga and Pilates rooms, cardio/free-weight and training area, spa treatment suite with a hot soaking tub, and steam and sauna rooms. This amenity area also offers a lakefront lounge with catering kitchen, conference room, and multi-purpose room. The building has an oceanfront pool and sun deck, pool butlers, private cabanas, onsite management, a 24-hour desk attendant, full-time concierge, valet parking, and patrol services.

For further information about One Thousand Ocean, visit http://www.onethousandocean.com or call the Sales & Design Center at (561) 869-5000 to schedule a private showing.

Press Contact Information:
Judy Goldstein/Maxine Adler
the Adler Network, inc.
(561) 206-6081

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Press Release Submitted On: March 24, 2011 at 2:51 pm
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