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Blog, News Press, Real Estate

Highland Beach Luxury Real Estate News: 2352 South Ocean Boulevard is Under Contract

May 13, 2016

Big news for the Highland Beach Luxury Real Estate Market: Nicholas Malinosky and Randy Ely just put 2352 South Ocean Boulevard, Highland Beach. Beaches Multiple Listing Service reflected a ‘œpending’ status for this property as of today.

This direct Intracoastal estate is located on the west side of A1A in Highland Beach with 80 feet of direct waterfrontage. Complete with pool, dock and private beach access, this contemporary Mediterranean residence enjoys an open floor plan and natural light showcasing the spectacular water views throughout. See Property Details.

Looking to buy an oceanfront or waterfront estate in the beach area? Nicholas Malinosky and Randy Ely have several luxury residences available in their exclusive listing inventory. Here are just a few for your viewing pleasure:
1255 North Ocean Boulevard, Gulf Stream listed at $17.995M
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
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

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

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

Blog, News Press

The Biggest Mall in America Proposed for Miami

May 12, 2016

According to The Real Deal South Florida, Miami could soon be home to the biggest mall in America. Triple Five is planning American Dream Miami with a target opening in 2020. The Miami development will combine entertainment and shopping on 200 acres with 6.2 million square feet of floor space and 3.5 million square feet of leasable retail space (1 million more than Mall of America located outside Minneapolis and also owned by Triple Five).

Taken from the National Retail Market Report, the article explains the plight of the shopping mall over the last decade. In order to combat internet shopping, ‘œsome developers are building bigger and more extravagant shopping centers than ever before. In addition to having a greater diversity of stores and restaurants, these next-generation malls are relying heavily on entertainment to drive sales.’ John Spina further explains in the Real Deal article that ‘œthe top retail developers are now selling an experience with retail present, and not the other way around.’ The new malls will combine amusement parks, fashion shows, celebrity chefs and stunning architecture to attract consumers. Green Street Advisors, a California-based real estate think tank noted that ‘œit’s advantageous for a mall to be able to support high-value luxury retailers of goods that people are less likely to shop for online.’ For example, Tiffany & Co. is the retailer with the highest amount of sales per square foot.

American Dream Miami is hoping to include a water park, ski slope, theme park, live entertainment venue, movie theaters, lake with submarine rides, outdoor fishing an Art Deco village and more. In order to create the ‘œultimate family experience’, the destination mall will offer a wide variety of restaurants and a moderately priced 2,000-room hotel. See Plans for Mall

Triple Five is also planning American Dream Meadowlands in New Jersey to open in 2017. The mall will not be as large as the Miami project, but promises to offer a wide variety of shopping and entertainment venues. There are several other destination shopping projects planned across the United States. Century City in Los Angeles is planning a relaunch in 2017, Miami Worlcenter is targeted to open in fall 2018, Sacremento Railyards is a large-scale retail development set to open in phases over the next several years and Luxury Point in Sayreville, New Jersey is set to open in phases over the next few years. See Full Article

How would you like to live near the soon-to-be largest mall in America? Miami is a short distance from the Palm Beaches. Contact Nicholas Malinosky about buying a luxury home in the beach area. Mr. Malinosky is ready to help you achieve your luxury real estate goals.

Blog, News Press

East Delray Beach Luxury Real Estate News: Brand New Home Reduced $600K

May 11, 2016

The newly completed beach area estate located at 1046 Melaleuca Road, Delray Beach, Florida was just reduced from $4.595M to $3.995M. The $600K price reduction is reflected in the Beaches Multiple Listing Service as of May 11, 2016.

The Brand New Construction by Marc Julien Homes is located in the Seagate Estate Section of Delray Beach just three blocks from the ocean and minutes to Atlantic Avenue. The property sits on a rare and very large estate lot with 110 feet frontage on the street and 150 feet of depth on Melaleuca Road, one of the most beautiful streets in the beach area. Boasting over 7,100 total square feet, this California contemporary four bedroom residence has it all. From the custom features and open floorplan to the superb location, this beach area estate is truly one of a kind. Please see Property Details .

Exclusively listed by Nicholas Malinosky and Randy Ely of the Douglas Elliman Real Estate, this listing represents great value in the beach area. Ready to schedule a showing? Want to make an offer? Please contact Nicholas Malinosky and Randy Ely today.

Blog, News Press, Real Estate

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 Channel’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.