Palm Beach Luxury Real Estate Winter Season in Review

May 6, 2016

According to a Palm Beach Daily News Article by Darrell Hofheinz, the Palm Beach Luxury Real Estate Winter Season ‘œwasn’t explosive but it was active as buyer and sellers met in the middle over prices.’ Hofheinz notes that the real estate market found ‘œmore solid ground’ over the last seven months. He further explains that ‘œregaining balance was a recurring theme in conversations’ amongst those who work in the business.

Palm Beach’s winter real estate season was busy but not ‘œfrantic’ and saw more sellers entering the market. According to article, listings have increased from 136 a year ago to 167 currently listed in the Palm Beach Board of Realtors Multiple Listing Service (MLS).

When asked about the winter season, Bill Yahn who serves as Douglas Elliman Real Estate’s Regional Senior Vice President South Florida said ‘œit’s merely a sign that the market has become more sustainable. This is common. We’ve seen it before. Prices move up, and it’s a buyer’s market ‘“ and then it levels off. And we find parity between buyers and sellers.’

Hofheinz reminds readers of several factors that marked the winter real estate season. The stock market, the presidential-election season, the earlier weak Canadian dollar, a mild winter in the North, and the early end of the season with Easter falling on March 27.

Either way, brokers are ‘œexpecting sales to continue apace through May and even into early season’. One Palm Beach Broker is quoted as saying, ‘œWe’re going to look back at 2016 and say it was a strong season. But it’s a late bloomer.’ See Full Article

Ready to discuss the current luxury real estate market? Contact Randy Ely and Nicholas Malinosky about the value of your luxury residence or for a complete list of luxury homes that are currently for sale. Mr. Ely and Mr. Malinosky are ready to help you achieve your luxury real estate goals.

Blog, News Press

Travel Channelâ€™s Top 10 Florida Beaches Includes Palm Beach and Delray Beach

May 5, 2016

The Travel Chanel recently ranked the ‘œTop 10 Florida Beaches’ and included Palm Beach and Delray Beach in the list.

Palm Beach Daily News/The Shiny Sheet staff writer, Aleese Kopf posted the news last week along with a shout out to See The Breakers as a top breachfront hotel in Florida. See full article.

When in Delray Beach, the Travel Channel recommends that visitors ‘œtake a break from the beach and hit nearby Atlantic Avenue, lined with boutiques, seafood restaurants and the luxurious Seagate Hotel and Spa‘.

Other Florida beaches not to be missed are Key West, Clearwater Beach, Sanibel Island, Captiva Island, Siesta Key, Naples and South Beach. Enjoy the Travel Channel’s Top 10 Florida Beaches and check out the photos‘.

Thinking of moving to Delray Beach? Randy Ely and Nicholas Malinosky have several luxury residences available in their exclusive listing inventory. Here are just a few for your viewing pleasure:
1002 Seasage Drive, Delray Beach listed at $6.975M
617 Palm Trail, Delray Beach listed at $5.95M
1046 Melaleuca Road, Delray Beach listed at $4.595M
920 Gardenia Drive, Delray Beach listed at $2.695M
58 Seabreeze Avenue, Delray Beach listed at $2.249.5M
1202 Vista del Mar, Delray Beach listed at $2.249.5M
86 MacFarlane Drive #8A, Delray Beach listed at $1.195M

Contact Mr. Ely and Mr. Malinosky to see one of these luxury residences or to place an offer.

Randy Ely and Nicholas Malinosky; The #1 Luxury Real Estate Team in the Beach Area.

Blog, News Press, Real Estate

Palm Beach Luxury Real Estate Market Biggest Sales of the Season

May 2, 2016

According to a May 1, 2016 post on The Palm Beach Daily News/The Shiny Sheet, the Palm Beach luxury real estate season enjoyed some large sales.

The article by Darrell Hofheinz features the largest waterfront sales in Palm Beach with nine sales over $15 million that closed between mid-September and April 30. According to the article, there were only five transactions in this category during the previous season. Hofheinz further states that the list offers proof that ‘œPalm Beach buyers appear more willing to reach deeply into their wallets for properties they consider worth the price.’ See Full Article.

The Douglas Elliman Real Estate was involved in the top four sales of the Palm Beach luxury real estate season. Here is a brief overview of the sales listed from highest to lowest:
$43.7 million – 1695 North Ocean Way (both sides Douglas Elliman Real Estate ‘“ Jim McCann list/Suzanne Frisbie sell)
$39 million ‘“ 89 Middle Road (co-listed by Brown Harris Stevens and Douglas Elliman Real Estate agents Dana Koch and Paulette Koch)
$32 million ‘“ 225 Indian Road (both sides Douglas Elliman Real Estate ‘“ Suzanne Frisbie)
$31.4 million ‘“ 390 North Lake Way (listed by Douglas Elliman Real Estate/Jim McCann)
$23.95 million ‘“ 720 South Ocean Boulevard
$20.76 million ‘“ 240 Banyan Road
$18.14 million ‘“ 757 Island Drive
$18 million ‘“ 473 North County Road
$17.6 million ‘“ 101 El Brillo Way

Randy Ely and Nicholas Malinosky congratulate their fellow Douglas Elliman Real Estate colleagues and friends on a successful season and another year dominating the Palm Beach Luxury Real Estate Market.

Interested in the current luxury real estate market? Planning on buying or selling an oceanfront estate, Intracoastal residence or beach area home? Randy Ely and Nicholas Malinosky are ready to help you achieve your luxury real estate goals.

Randy Ely and Nicholas Malinosky; The #1 Luxury Real Estate Team in the Beach Area.

Blog, News Press, Real Estate, Sold

Another Delray Beach Luxury Oceanfront Estate Sold by Randy Ely and Nicholas Malinosky

April 29, 2016

Randy Ely and Nicholas Malinosky are pleased to announce that they have sold another direct oceanfront estate located at 1171 South Ocean Boulevard, Delray Beach Florida. According to the Beaches MLS, the property was listed for $13 million and closed on April 28, 2016.

The oceanfront compound adorns the Estate Section of Delray Beach’s Coastline. The completely gated and private estate is nestled off A1A just south of Atlantic Avenue’s shops and restaurants and an easy and scenic drive to Palm Beach and Boca Raton. With 100 feet of direct ocean frontage and over 408 feet of depth, the nearly one acre parcel is the perfect setting for this resort-style residence. Boasting stunning ocean vistas and over 12,000 square feet, features include formal living and dining rooms, gourmet kitchen and open family room with fireplace, first floor master suite with private loggia, home theatre room, paneled office, six additional guest rooms, a third floor observation deck, cathedral ceilings, marble and hardwood floors, and much more. The manicured grounds and custom landscape create the perfect setting for the seaside pool and spa, outdoor dining loggia and open terraces. This private oceanfront mansion is perfect for enjoying the luxury lifestyle. Please see Property Details

The oceanfront residence was exclusively listed by the luxury real estate team of Randy Ely and Nicholas Malinosky. They were very pleased to bring the buyer to the transaction as well. Mr. Ely and Mr. Malinosky are pleased to continue their long established work in the oceanfront market and congratulate the Seller and Buyer on this transaction.

As the #1 Luxury Team in the Beach Area, Randy Ely and Nicholas Malinosky are happy to assist you with your real estate goals. Please contact them today and visit www.RandyandNick.com.

Blog, News Press

34th Annual SunFest Opens April 27

April 26, 2016

The 34th Annual SunFest opens Wednesday, April 27 and runs through Sunday, May 1. SunFest is Florida’s largest waterfront music and art festival held each year in downtown West Palm Beach along the Intracoastal Waterway. The event attracts more than 175,000 visitors and is produced by SunFest of Palm Beach County, Inc., a private nonprofit organization.

The 50-plus band lineup includes Duran Duran, Meghan Trainor, Train, Jason Derulo and Alabama Shakes. See Music Lineup and 2016 Schedule.

SunFest is also about food. In addition to festival food favorites, SunFest has partnered with Palm Beach Food & Wine Festival to offer a food court, known as The Eatery. Festival chefs are offering gluten-free options as well as many new recipes to enjoy.

Not to be missed are the art exhibits. The Juried Fine Art & Craft show features the work over 150 national artists. Everything from jewelry to paintings will be available for your enjoyment (and purchase). See Art & Craft Show Hours.

Get out and enjoy the beautiful South Florida weather this week and SunFest 2016. Check out the Palm Beach Daily News Article and the official SunFest Website.

Interested in Palm Beach County’s Luxury Real Estate Market, please contact Randy Ely and Nicholas Malinosky, the #1 Luxury Team in the Beach Area.

Blog, Featured Listings, For Sale, News Press

Production of a Custom Home Courtesy of Marc Julien Homes

April 22, 2016

Ever wonder what goes into the production of a custom home? From land acquisition to clearing and construction to completion, Marc Julien Homes has captured the entire process. Please see video.

Marc Julien Homes’ newly completed beach area estate is located 1046 Melaleuca Road, Delray Beach, Florida. The California Contemporary has it all with custom finishes, superb craftsmanship and phenomenal location.

This beach area estate is exclusively listed by Randy Ely and Nicholas Malinosky of the Douglas Elliman Real Estate. Please contact Mr. Ely and Mr. Malinosky to arrange a private showing or make an offer.

Please see more details about this beach area masterpiece estate courtesy of Randy Ely and Nicholas Malinosky and Marc Julien Homes.

Blog, News Press, Real Estate

Florida Cities Land Top Spots on Luxury Home List

April 13, 2016

Florida cities land the most top spots on the luxury home list according to a Florida Realtors post yesterday. Throughout the nation, luxury home listings and sales grew at a stable rate over the last year as reported by Coldwell Banker Previews International’s latest annual Luxury Market Report.

The report ranked the top 20 cities into two categories (Closed Sales and Listings) with three sub-categories ($1M+, $5M+ and $10M+). Florida cities ranked ‘œin the most top spots for high-priced real estate, with luxury sales posting double-digit growth in Miami, Naples and Palm Beach’. Please see full article.

Among the top 20, Delray Beach, Palm Beach and Boca Raton all made the list:

Closed Sales:
$5,000,000+
#12 ‘“ Palm Beach
#18 ‘“ Boca Raton
$10,000,000+
#10 ‘“ Palm Beach
#17 ‘“ Delray Beach
Listings:
$1,000,000+
#13 ‘“ Boca Raton
$5,000,000+
#12 ‘“ Boca Raton
#13 – Palm Beach
$10,000,000+
#10 ‘“ Palm Beach
#17 ‘“ Boca Raton
Please see complete report .

Interested in buying an oceanfront estate in Delray Beach? A mansion in Palm Beach? That perfect waterfront residence in Boca Raton? Randy Ely and Nicholas Malinosky of the Douglas Elliman Real Estate can help you achieve your luxury real estate goals. Please contact Mr. Ely and Mr. Malinosky, the #1 Luxury Team in the Beach Area.

Blog, Featured Listings, For Sale, News Press, Real Estate

East Delray Beach Townhome Hits the Delray Beach Luxury Real Estate Market

April 12, 2016

An East Delray Beach townhome just hit the luxury real estate market. The fabulous townhouse located at 58 Seabreeze Avenue, Delray Beach, Florida was entered in the Multiple Listing Service on April 12, 2016 with a list price of $2,249,500. This luxurious new listing is also featured on RandyandNick.com, Corcoran.com, Zillow, Trulia and Realtor.com.

Ideally located just one block from Atlantic Avenue and two blocks from the beach, Seabreeze Isles is a lovely and private development made of up only five townhomes. With over 4,600 total square feet and five bedrooms, this spacious townhome lives like a single-family home with the added benefit of worry-free maintenance. The British West Indies exterior is enhanced by the decorative driveway, white fence and manicured landscape. The interior further reflects island living with pecky cypress beamed ceilings and custom accents; tumbled marble floors; custom built-ins; just the right splash of color to accent the abundance of natural light; and stunning views of the expansive and ultra-private grounds and pool. Features include entry foyer, formal living room with fabulous views of the grounds, gourmet kitchen with snack bar and dining area, family room, master suite and four additional guest rooms each with private bath. True tropical living is best enjoyed outdoors thanks to the private, fenced grounds and extraordinary landscape. Exterior features include covered loggia with summer kitchen, pool and spa, decorative patio with dining area and abundant lounging areas. Additional features include first floor powder room, laundry room, custom molding and woodwork throughout, custom screens, impact doors and windows, elevator, three car garage and plenty of room for parking. With the beach and Atlantic Avenue just a block away, this Seabreeze Isles townhome offers the best of both worlds; a private and tropical oasis with an exciting East Delray Beach address. Come experience the luxury lifestyle in this British West Indies townhome.

Please see Property Details .

This Seabreeze Isles Townhome is exclusively listed by Randy Ely and Nicholas Malinosky of the Douglas Elliman Real Estate.

Looking to buy a luxury residence in South Florida’s beach area? Want more information about the current Luxury Real Estate Market, please contact Randy Ely and Nicholas Malinosky, the #1 Luxury Team in the Beach Area.

Blog, News Press, Real Estate, Sold

Delray Beach Waterfront Estate Sold by Randy Ely and Nicholas Malinosky

April 11, 2016

Randy Ely and Nicholas Malinosky are pleased to announce that they have sold the waterfront estate located at 126 Seabreeze Avenue, Delray Beach, Florida. The transaction closed on April 8, 2016.

This East Delray Beach direct Intracoastal estate is just two blocks from the beach and the shops and restaurants of East Atlantic Avenue. The charming two story home is located on a large corner lot and complete with pool and private dock.

The waterfront estate was listed by Douglas Elliman Real Estate colleague and friend, Wendy Overton for $4.695M. Mr. Ely and Mr. Malinosky were pleased to represent the buyer on this transaction and congratulate their client on his purchase. See Property Details

Looking to purchase a waterfront estate? Randy Ely and Nicholas Malinosky have several luxury waterfront homes in their Exclusive Listing Inventory:
3232 Polo Drive, Gulf Stream listed at $7.45M
1002 Seasage Drive, Delray Beach listed at $6.975M
617 Palm Trail, Delray Beach listed at $5.95M
2352 South Ocean Boulevard, Highland Beach listed at $4.795M
124 Marlin Drive, Ocean Ridge listed at $3.495M
920 Gardenia Drive, Delray Beach listed at $2.695M
3 Waterview Drive, Ocean Ridge listed at $1.895M

Randy Ely and Nicholas Malinosky are pleased to continue their work in the beach area and congratulate the Seller and Buyer on this transaction.

As the #1 Luxury Team in the Beach Area, Randy Ely and Nicholas Malinosky are happy to assist you with your real estate goals. Please contact them today and visit www.RandyandNick.com.

Blog, Featured Listings, For Sale, News Press

Robb Reportâ€™s Car of the Year 2016

April 10, 2016

The results from Robb Report’s annual Car of the Year 2016 event are in’¦and the winner is’¦the Ferrari 488 GTB. With a top speed of 205 mph and a 3.9-liter twin-turbocharged V-8, this year’s winner starts at $245,400. The judges enjoyed test driving a $335,000 model that can go from zero to 60 mph in 3 seconds. See Robb Report article by Robert Moss

Can you guess what other luxury cars made the list? Here are the contenders:
#2: McLaren 650S Spider
#3 Lamborghini Aventador LP 750-4 Superveloce Roadster
#4 Tesla Model S P90D
#5 Mercedes-AMG GT S
#6 Porsche 911 Targa 4 GTS
#7 Chevrolet Corvette Z06 Convertible
#8 BMW 750i xDrive
#9 Bentley Mulsanne Speed
#10 Jaguar F-Type R Convertible
#11 Cadillac CTS-V
#12 Mercedes-Maybach S600
#13 Alfa Romeo 4C Spider
See Robb Report’s full list

If you buy one of these luxury, high-performance sports cars, you will definitely need the perfect luxury residence with a stunning garage. That’s where Randy Ely and Nicholas Malinosky enter the scene. With an exceptional listing inventory and over 35 combined years specializing in the luxury beach area real estate market, Mr. Ely and Mr. Malinosky can help you find the perfect oceanfront compound or waterfront estate to meet your needs.

Ready to park that sports car in an air-conditioned six bay garage? Take a look at Randy Ely and Nicholas Malinosky’s exclusive oceanfront listing at 1255 North Ocean Boulevard, Gulf Stream listed at $17.995M. Be sure to check out Mr. Ely and Mr. Malinosky’s signature luxury video showcasing this oceanfront masterpiece in the short film, Sister Steals Ferrari Featuring 1255 N Ocean Blvd, Gulf Stream, FL.

Please contact Randy Ely and Nicholas Malinosky for more information about the area’s luxury real estate market.