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$16.5M Record Sale in Gulf Stream

Nicholas Malinosky and Randy Ely of Douglas Elliman just set another record in the South Florida coastal market. According to, the waterfront estate located at 1200 North Ocean Boulevard in Gulf Stream, Florida just sold for $16.5M setting a record for a non-oceanfront residential sale. Known as Lemon Hill, Marion Sims Wyeth originally designed the compound in 1939. Wyeth is also credited with designing the exquisite Mar-a-Lago Club in Palm Beach, Florida. Check out the details of the record-breaking deal. Photo Credit: Daniel Petroni Photography

Randy Ely and Nicholas Malinosky List Iconic Lemon Hill

Once again, Randy Ely and Nicholas Malinosky are the exclusive listing agents for one of Gulf Stream’s iconic properties known as “Lemon Hill“. Built in 1939 and designed by society architect Marion Sims Wyeth, the Georgian manor offers a timeless elegance with over 9,300 total square feet and seven total bedrooms. The private Gulf Stream compound offers a rare opportunity with approximately 250 linear foot yacht basin currently under construction as well as infinity edge pool and patio.

The property is currently offered at $17,900,000. Call Randy & Nick for more details.

Read the full story on The Palm Beach Post

Douglas Elliman Tops $51 Billion in 2021 Sales

Douglas Elliman announces the 2022 Ellie Awards this week featuring the company’s top teams and agents. Following the 2021 record-setting year, a few select teams and agents will be receiving top honors for their accomplishments.

Howard M. Lorber, executive chairman of Douglas Elliman Realty considered 2021 to be a monumental year. With nationwide sales volume over $51 billion, the Florida brokerage accounted for $14.6 billion in totals sales for 2021, more than double from 2020.

Nicholas Malinosky and Randy Ely of The Randy & Nick Team achieved a 2021 sales volume over $500 million and were honored to be ranked in the number 4 amongst the top 10 Florida teams.

Read the full story on South Florida Agent

Soaring Home Prices Along the Coast

The average home prices of homes along the coast of  South Florida have increased significantly during this unprecedented wave of sales. The Town of Manalapan has experiences a fourfold increase in two years with average sales rising from $5 million in 2019 to $22.4 million in 2021.

Big ticket home sales also reached new levels. In the 15 years prior to the pandemic, there were only five Palm Beach County homes that sold for more than $50 million. In 2021 there were 11 sales exceeding $50 million.

Nicholas Malinosky, Executive Director of Luxury Sales with Douglas Elliman, sold 855 South Ocean Boulevard in Delray Beach for $34M which was a record-breaking sale at the time. Malinosky also sold 1275 North Ocean Boulevard in Gulf Stream for $20M.

Read the full story on Coastal Star

Why Northerners Are Drawn to Florida

Apparently buyers from New York and Jew Jersey are flocking to buy properties in Florida. National Realty Investment Advisors (NRIA) has several projects in South Florida that are attracting northern buyers.

According to Douglas Elliman luxury real estate agent, Nicholas Malinosky, the ability to work from anywhere is a big part of the southern migration.

Malinosky is the exclusive listing agent of NRIA’s Gulf Stream Views and was the listing agent for NRIA’s $14M mansion in Delray Beach.

Read the full story on Financial Content

Second Home Market Grows

A real estate development firm is seeing the market for second homes explode. National Realty Investment Advisors (NRIA), a leading developer of luxury real estate on the East Coast, sees additional housing opportunities in South Florida and Lee County. NRIA is working on projects in Boynton Beach and Fort Myers.

Nicholas Malinosky with Douglas Elliman is the exclusive listing agent for NRIA’s Gulf Stream Views. This exciting project offers 14 private townhouses in Boynton Beach with ocean access. Malinosky says the second home market offers great flexibility to use the property or rent it out for investment purposes.

NRIA is headquartered in Secaucus, NJ and has delivered high quality in construction for over a decade.

Read the full story on Daily Herald

Delray Estate Section Oceanfront Residence Brings $18 Million

Another Delray Beach oceanfront property just changed hands. The property at 1171 South Ocean Boulevard in Delray Beach sold for $18 million. Located in the coveted Delray Beach Estate Section, the oceanfront property offers 100 feet of direct ocean frontage and over 700 feet from the water to the road.

Nicholas Malinosky of Douglas Elliman represented both the Seller and the Buyer. Malinosky has sold several oceanfront estates in 2021.

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Delray Oceanfront Mansion Sells for $34M

The property located at 855 South Ocean Boulevard in Delray Beach just changed hands for $35 million. Situated on 1.3 acres, the five bedroom residence was built in 2008 and last sold for $17 million in 2013.

Nicholas Malinosky with Douglas Elliman listed the property for $35M and represented both the Seller and the Buyer.

Read the whole story on The Real Deal 

Manalapan Ocean-to-Intracoastal Estate Sold for $29.1M

The ocean-to-Intracoastal at 1780 South Ocean Boulevard in Manalapan just sold for $29.9M.

The nearly 2-acre property features 160 feet of ocean and Intracoastal water frontage and includes a beach house and private dock. The property was listed by Nicholas Malinosky and Randy Ely of Douglas Elliman for  $35 million. The three story residence offers five bedrooms, four-car garage and 11,360 square feet of living space.

Read the whole story on The Real Deal