Chat with us, powered by LiveChat

Nicholas Malinosky Sells Another Waterfront Property in The Palm Beaches

April 14, 2018

Nicholas Malinosky just sold another waterfront property in The Palm Beaches. The gated waterfront estate located at 601 South Atlantic Drive, Hypoluxo Island was listed for $1.999 million and sold on April 13, 2018 according to Beaches Multiple Listing Service (MLS). Nick Malinosky was honored to bring the buyer to this transaction and knows his client will enjoy this property.

Offering 75 feet of direct Intracoastal waterfrontage, this waterfront property offers endless possibilities and wide-water views. Renovate the existing residence or build a custom waterfront compound for year-round or seasonal enjoyment. The location is second-to-none with shopping and dining nearby at Plaza Del Mar with Delray Beach and Palm Beach just a short distance away via A1A. See Property Details

With over $78M in year-to-date closed sales volume and another $28M under contract, Nick Malinosky and Randy Ely are working hard this season to help their clients navigate the luxury real estate market. Each client is a priority and every transaction is handled with ‘œwhite glove service’.

If you are ready to buy or sell a luxury seaside home in The Palm Beaches, contact Randy & Nick to start the conversation.

Randy Ely and Nicholas Malinosky Sold Another Gulf Stream Oceanfront Home in 16 Days

January 5, 2018

Randy Ely and Nicholas Malinosky just sold the oceanfront residence located at 3377 North Ocean Boulevard in Gulf Stream, Florida. Exclusively listed by a Randy & Nick for $10.95 Million, the oceanfront property was put under contract in just 16 days with a sales date of January 5, 2018.

Situated on over one acre with 100 feet of oceanfrontage and 145 feet on A1A, this seaside residence offer tranquil ocean views and a Zen-like garden, entry courtyard with picturesque pool and terraces. Featuring cypress paneling and terracotta tile, the home has an open and flexible floor plan. The possibilities and ocean views are endless. See Property Details

Interested in the oceanfront real estate market? Check out a few of Randy & Nick’s other exclusive oceanfront listings:
6161 North Ocean Boulevard, Ocean Ridge: Brand new and listed for $24.95M
3545 North Ocean Boulevard, Gulf Stream: 230′ of direct oceanfrontage just reduced to $14.95M

Ready to start the search? Contact Randy & Nick with Douglas Elliman to schedule a showing or to make an offer.

Palm Beach Oceanfront Lot from Former Trump Estate Sold for $37 Million

October 8, 2017

According to The Real Deal, a Palm Beach oceanfront lot from former Trump estate has been sold for $37 million. The lot was purchased by a Boca Raton company linked to Mark Timothy Inc, the luxury home builder.

The parcel is one of three oceanfront lots that was subdivided from an oceanfront estate formerly owned by President Donald Trump. According to various reports, Trump sold the mansion located at 515 North County Road in 2008 for $95 million.

The two acre lot at 535 North County Road is the northernmost lot of the three lots and was listed for $39.8 million. This is the second lot to be sold from the subdivided lots. The first lot sold in November 2016 for $34 million. See Real Deal article

Douglas Elliman agents, Nicholas Malinosky and Randy Ely have marketed and sold numerous oceanfront lots and several Mark Timothy Inc. homes. Check out their current exclusive listing inventory including this soon-to-be completed oceanfront masterpiece:
6161 North Ocean Boulevard in Ocean Ridge, Florida listed for $24.95M

Randy & Nick have also sold several Mark Timothy Inc. homes. Take a quick tour of these record-setting opulent mansions:
901 South Ocean Boulevard in Delray Beach, Florida which was offered for $19.95M and sold in February 2013
6125 North Ocean Boulevard in Ocean Ridge, Florida which was offered for $19.95M and sold in February 2016

If you are interested in purchasing an oceanfront parcel to build your dream home or looking to buy a stunning recently built mansion, Nicholas Malinosky and Randy Ely have several off-market opportunities available. Contact them today to get the conversation started.

Photo: Palm Beach Daily News

Global Exposure Through Douglas Elliman and Knight Frank Partnership

September 22, 2017

Douglas Elliman Real Estate’s exclusive alliance with Knight Frank Residential allows their luxury agents to showcase the company’s listings to over 520 offices across 60 countries and 6 continents. As the leading residential agencies in New York and London, these two industry giants have been working together since the 1970’s through international referrals deciding to formalize the partnership in 2014.

Douglas Elliman luxury agent Nicholas Malinosky is pleased to be part of this global alliance. In order to maximize this valuable network, Mr. Malinosky planned a recent business trip to London to visit the Knight Frank’s Mayfair office. It was a tremendous opportunity to introduce his South Florida listings to his UK colleagues, learn about London’s offerings and compare notes about the current real estate trends in these two luxury markets. When asked about the meeting, Malinosky said, ‘œIt was a great chance to talk with colleagues about our respective listings and markets. These agents are at the top of their game doing what Randy Ely and I have the privilege of doing in South Florida ‘“ marketing and selling amazing properties.’

Knight Frank’s website explains it best: ‘œOperating in locations where our clients need us to be, we provide a worldwide service that’s locally expert and globally informed.’ With co-branded offices in key high net worth markets, Douglas Elliman and Knight Frank provide their agents global access to qualified buyers, not available to any other real estate professionals in the industry. Over 21,570 luxury agents network with their colleagues throughout the world and showcase their exclusive listings utilizing an exclusive database of over 700 billionaires.

Thanks to a superb media strategy, Douglas Elliman and Knight Frank increase brand awareness through print, digital, social and public relation outlets. For instance, each Elliman publication is available in Knight Frank offices and all of Douglas Elliman’s exclusive listings over $1.5M are featured on The Wealth Report is a Douglas Elliman and Knight Frank exclusive publication best explained on, ‘œNow in its 11th year, The Wealth Report is the industry’s leading publication on global prime property markets, wealth, distribution and investment sentiment. The world is becoming an ever smaller place and operates more as a global marketplace. The impact of how one region performs can positively or negatively affect another. The Wealth Report offers invaluable insight into global trends and what will impact personal assets in the years to come.’

Douglas Elliman agents, Nicholas Malinosky and Randy Ely are honored to be designated as Executive Directors of Luxury Sales in the Delray Beach office. With a commitment to client service and results, Mr. Malinosky and Mr. Ely utilize Douglas Elliman’s resources knowing that when they list a beach area property in South Florida, it is going to be showcased to potential buyers and luxury agents worldwide. No other brand offers that power or exposure.

Looking to sell a luxury property in South Florida? Contact Randy & Nick to start the conversation.

Palm Beach Real Estate Surge

July 27, 2017

What do black motorcades, international news coverage, and breezy palm trees have in common? Donald Trump in Palm Beach.

President Trump has spent 25 days at Mar-a-lago, known to many as the Winter Whitehouse, so far this year. Is it a coincidence that the number of single-family homes sold has increased by 50% and the median price of a luxury estate on Palm Beach Island has jumped 57% from the previous year reaching $15.827 million in the second quarter of 2017. It’s impossible to know whether Palm Beach’s hot real estate trend is continuing due to the national exposure brought by President Donald J Trump or if luxury buyers just want to be in paradise for the South Florida winter season.

Douglas Elliman CEO Jay Parker commented on the market, ‘œOne of the results of Trump winning is the exposure that he inadvertently brings to the island of Palm Beach’. Regardless, no one is complaining.

Many foreign buyers are said to have spent $190 million in Palm Beach County in 2016, a 19% increase from the prior year. Could this be due to the international exposure brought by the Presidents visits? ‘œPalm Beach is Palm Beach ‘” you cross that bridge and you’re just in paradise’, says Janice Fox a Canadian real estate agent. She believes Donald Trump’s presence is ‘œirrelevant’.

To learn more about the Palm Beach luxury real estate market and lifestyle, feel free to contact Nicholas Malinosky with Douglas Elliman.

3550 South Ocean Groundbreaking Ceremony with DDG and Douglas Elliman

July 14, 2017

DDG and Douglas Elliman’s chairmen attended the 3550 South Ocean groundbreaking ceremony on Wednesday, July 12, 2017. This new development project marks the first new oceanfront condominium to be constructed on Palm Beach Island in over a decade.

According to The Real Deal article from July 12, the seven story, 30 unit condo will offer two and three bedroom units starting at $1.875 million with presales now at 20%. Each unit fill have direct elevator access with private foyer entrance, balconies and water views. There will be five penthouses with private rooftop terraces. Amenities will include seaside salt water pool, fitness studio and beach access. See Real Deal Post

DDG Chairman and CEO Joe McMillan, Douglas Elliman Chairman Howard Lorber and South Palm Beach Mayor Bonnie Fischer were all in attendance for the groundbreaking. Douglas Elliman’s New Development includes many South Florida luxury projects including 3550 South Ocean.

Interested in more details about the new and exciting condo project at 3550 South Ocean? Contact Douglas Elliman agents Nicholas Malinosky and Randy Ely for more details.


Palm Beach is Hottest Luxury Real Estate Market in the U.S.

November 4, 2016

According to a post on Mansion Global, the Palm Beach luxury real estate market is the hottest market in the country. Palm Beach enjoyed a healthy summer and more specifically, Delray Beach in Palm Beach County topped Redfin’s luxury house price index for third quarter. Redfin defines luxury as a home that is among the top 5% most expensive homes in each of the more than 1,000 cities across the U.S. tracked. The average price of a luxury home in Delray Beach was up 70% from the past year with Boca Raton coming in second with a 38% increase.

Redfin agent, Alex Garcia attributes Palm Beach County’s increase in luxury prices to new construction in waterfront areas and a reurbanization to the downtown areas. Garcia noted that builders are tearing down older waterfront homes and constructing modern homes with all the ‘œbells and whistles’. Garcia further states that luxury buyers in Delray Beach and Boca Raton tend to purchase waterfront homes near revitalized downtown areas with restaurants and shops. See Full Article

Looking to buy a luxury home in Delray Beach? Top real estate agents Nicholas Malinosky and Randy Ely have a fabulous listing inventory and are ready to assist you. Check out just a few of their Delray Beach offerings:
617 Palm Trail, Delray Beach listed at $5.95M
1010 Lewis Cove Road, Delray Beach listed at $3.395M
1014 Rhodes Villa Avenue, Delray Beach listed at $2.795M
920 Gardenia Drive, Delray Beach listed at $2.695M
58 Seabreeze Avenue, Delray Beach listed at $2.249.5M
86 MacFarlane Drive #8A, Delray Beach listed at $1.095M

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


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.

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.

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.