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Gulf Stream Oceanfront Compound on 1.96 Acres Just Reduced by $3M

October 30, 2017

Big news for the South Florida Oceanfront Real Estate Market: Nicholas Malinosky and Randy Ely with Douglas Elliman just reduced the price of their Gulf Stream Oceanfront Compound by $3 million. Located at 3545 North Ocean Boulevard in Gulf Stream, the expansive estate is situated on 1.96 acres offering 230 feet of direct oceanfrontage. With a new listing price of $17.995 million, this is a tremendous opportunity and represents great value along Palm Beach County’s shoreline.

Welcome to Bala Machree; one of Gulf Stream’s finest oceanfront properties. Situated on 1.96 acres with 230 feet of direct oceanfrontage, this expansive coastal compound is nearly double the average oceanfront lot size in the area. The regal residence captures the timeless elegance of a Palm Beach estate complete with stunning ocean views, marble and hardwood floors, custom moldings and woodwork, volume ceilings and sprawling grounds. Boasting 14,000 total square feet, interior features include entry foyer; formal living and dining rooms; spacious kitchen; family room; study; media room; master wing and four additional guest rooms plus staff quarters. The meticulous landscape provides the perfect balance of privacy and unobstructed water views while providing the perfect backdrop for the seaside terraces and poolside loggia. Other features include cabana baths, putting green, three car garage, two laundry rooms, abundant storage, generator and more. Enjoy the luxury residence as it is, renovate to your specific liking, or build an opulent estate. With 230 feet of direct oceanfrontage, the possibilities are endless. Please see Property Details.

This oceanfront compound is exclusively listed by Randy Ely and Nicholas Malinosky of Douglas Elliman Delray Beach. Please contact them to schedule a private tour or for more details about South Florida’s oceanfront market.