Three Transactions Closed For Just Over $11.5 Million at One Thousand Ocean

Boc, Florida (PressExposure) April 19, 2012 -- One Thousand Ocean, the iconic Ocean-to-Intracoastal condominium at the Boca Raton Inlet, continues its notable success by closing three transactions for just over $11.5 million in the past three weeks. Two were new residences for just over $8 million. Additionally, the third transaction, a Signature Penthouse resale, sold for more than its original purchase price.

Over the past year, One Thousand Ocean has sold and closed 10 new residences totaling nearly $50 million, averaging almost one sale per month.

Jamie Telchin, president of development for LXR Luxury Resorts & Hotels, reports that the 52-unit building is just over 80% sold out since it opened in February 2010, representing just under $190 million in total new sales volume. "This leaves only 10 new residential opportunities to own in this trophy location," he said.

"Contributing to One Thousand Ocean's desirability among high-net-worth purchasers is its prime, irreplaceable location on the tip of a private peninsula surrounded by water on three sides, along with expansive floor plans, oversized terraces and stunning panoramas. Furthermore, the building is adjacent to the Boca Raton Resort's Beach Club, providing residents who are, or who elect to become private members of the world-class resort, a privileged lifestyle," he added.

"We are very optimistic that One Thousand Ocean's sales momentum will continue," Stephann Cotton, LXR Realty, LLC's broker, pointed out. "Just like last year at this time, we're again seeing a lot of interest and activity, with buyers closing within a few weeks or sooner."

Cotton said that one of the recent buyers is a couple from Canada. "They looked all over South Florida for a second home, starting in South Beach, and made their way up to One Thousand Ocean. They fell in love with one of our premier units and finalized a contract within 48 hours. This certainly continues to validate that One Thousand Ocean is something very special. It combines an enviable location with an award-winning resort lifestyle."

Commenting further, he said, "Prospective purchasers who were interested in the two residences that recently sold are coming back to us and are refocusing on other units because they want to live in the building. They realize that the time to buy is now."

Of the 10 residences yet to be sold, seven are finished and ready for occupancy, while three Penthouses can be customized to carry out an owner's grand vision. Prices are from approximately $3 million to $15 million and most residences include private elevator entries, fireplaces, expansive walls of glass, terraces with an outdoor kitchen and private, heated, jetted plunge pool, and a private two-car garage.

For those looking to move in immediately, one of the available residences is a model designed by Venus Williams' V*Starr Interiors. Additionally, there is a residence furnished by Roche Bobois, a global leader in the design and distribution of home furnishings. Plus, Roche Bobois is in the process of furnishing a second residence.

Among luxuries residents encounter in the exclusive Ocean Club amenities areas are a fitness center with aerobics, yoga and Pilates rooms, cardio/free-weight and training area, spa treatment suite, hot soaking tub, and steam and sauna rooms. Also offered are a lakefront lounge with catering kitchen, conference room, multi-purpose playroom, oceanfront pool and sun deck, pool butler, and private cabanas. In addition, the building has onsite management, a 24-hour desk attendant, concierge, valet parking, and patrol services.

The Boca Raton Resort & Club, A Waldorf Astoria Resort, offers conveniences, amenities and services of the highest order next door to One Thousand Ocean at the Boca Beach Club, and at the resort's main location, just a short stroll, cruise or drive across the Intracoastal Waterway. These include golf, tennis, marina, water sports, spa, fitness centers, croquet, pools, varied dining venues and member social activities.

For further information, visit, or call the One Thousand Ocean Sales & Design Center at (561) 869-5000 to arrange a private showing.

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Press Release Submitted On: April 19, 2012 at 3:23 pm
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