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Four Waterfront Homes Totaling $16.45M Hit South Florida Market

August 28, 2017

Four waterfront homes totaling $16.45M just hit the South Florida market. The four hottest homes to hit the Palm Beach County luxury real estate market this week are located in Gulf Stream, Ocean Ridge and Manalapan. Exclusively listed by Douglas Elliman, all four properties are waterfront estates boasting exceptional water views and custom finishes. Whether you are searching for a property that is perfect for entertaining, relaxing or boating, these homes are sure to satisfy your wishes.

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3232 Polo Drive, Gulf Stream, Florida Listed at $5.95M

Looking for the best waterfront value in the beach area? Look no further than this expansive lot with 150 feet of deep water dockage. Located in the heart of Gulf Stream is Polo Cove, one of Palm Beach County’s most exclusive and sought-after waterfront locations. The five-bedroom, 7,486 square-foot home is in immaculate, like-new condition and has some of the finest custom mill work, craftsmanship and finishes the industry offers. Nano-walls throughout the home invite the outdoors in and provide picturesque views of the waterway along with lush tropical landscaping providing extreme privacy. See Property Details

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50 Spoonbill Road, Manalapan, Florida Listed at $3.875M

A private oasis with 100+ feet of waterfrontage & spectacular sunsets awaits in the exclusive waterfront Town of Manalapan. Enjoy modern luxury in this six-bedroom sanctuary with two master suites and VIP suite. This estate is beautifully enhanced with hardwood & terrazzo floors, Farrow & Ball wallpaper, Dornbracht & Kallista hardware, Ann Sacks tiles, rare imported marbles and custom Poliform closets. Looking for an added bonus? Complimentary membership to LaCoquille Club at the celebrated Eau Palm Beach Resort & Spa, formerly the Ritz Carlton Palm Beach. See Property Details

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13 Ocean Harbour Circle, Ocean Ridge, Florida Listed at $3.375M

A fabulous seaside Escape can be enjoyed at this stunning waterfront home located in the seaside Town of Ocean Ridge, Florida. One block from the beach and nestled in Ocean Harbour Estates, a gated and private enclave of 15 luxurious custom waterfront homes. Bathed in natural light with picturesque water views, the exquisite residence boasts 7,000+ total square feet, four bedrooms plus office, lavish amenities and custom finishes. Boaters will appreciate the 87 feet of waterfrontage with 75+ foot private dock and ocean access via the nearby inlet. See Property Details

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124 Marlin Drive, Ocean Ridge, Florida Listed at $3.25M

The perfect luxury beach house reflecting a casual elegance is in the seaside Town of Ocean Ridge. Boaters & anglers alike will appreciate the 100′ of waterfrontage, brand new concrete dock with boat lift and ocean access minutes away. With 5,600+ total square feet, the generous floor plan invites the outdoors in with glass sliders opening to the covered loggia and expansive patio complete with pool & spa. This four-bedroom luxury home is the quintessential beach house for enjoying sun and fun in a private setting. See Property Details

Interested in learning more about the newest million-dollar listings? Contact exclusive listing agents, Nicholas Malinosky and Randy Ely; your South Florida Luxury Real Estate Specialists. Check out Randy & Nick’s Exclusive Listing Inventory and start enjoying the South Florida luxury lifestyle!

Blog, News Press

Brand New Oceanfront Mansion Hits the Ocean Ridge Luxury Market

May 16, 2017

Nicholas Malinosky and Randy Ely just listed a brand new oceanfront mansion in Ocean Ridge. The residence located at 6161 North Ocean Boulevard, Ocean Ridge, Florida was entered in the Multiple Listing Service on May 15, 2017 with a list price of $24.95M. The new listing is also featured on RandyandNick.com, elliman.com, Zillow, Trulia and Realtor.com.

Welcome to this absolutely stunning, brand new estate on 158 feet of direct oceanfrontage. The residence promises to please and is expected to be completed this fall, just in time for season. Built by Mark Timothy Homes, designed by Affinity Architecture and decorated to perfection by Marc Michaels Interiors, this property has it all. Designed with an open concept throughout, all major rooms have stunning ocean views with pocket sliders that open to the pool, outdoor loggia, seaside terraces and cabana. Some of the exciting and luxury features include incredible wood and marble floors; an entryway water feature; club room with bar and wine room; gourmet kitchen, family room and office each overlooking the ocean; spacious en suite bedrooms; and fabulous outdoor entertaining areas. The second floor master wing offers ocean views with his-and-her baths. With plenty of green spaces, the gated compound provides se yveral areas to enjoy both the privacy and seaside location. Additional features include resort style seaside pool and spa with cabana bath and summer kitchen, north and south parking garages, balconies, elevator, fireplaces, top-of-the-line finishes and the industries finest craftsmanship. The residence is offered furnished with the exception of secondary bedrooms. This brand new oceanfront estate represents a rare opportunity in Ocean Ridge to enjoy South Florida’s Luxury Lifestyle. Please see Property Details.

This oceanfront compound is exclusively listed by Nicholas Malinosky and Randy Ely of Douglas Elliman. Please contact them if you would like more details including floor plan and survey.

As the #1 Team in the Beach Area, Randy and Nick have specialized in the oceanfront luxury market throughout their 40 combined years of experience. Contact them to discuss the current luxury real estate market.

Blog, News Press

The Real Deal Features Randy and Nick’s Move to Douglas Elliman

April 21, 2017

The Real Deal South Florida Real Estate News just released that Randy Ely and Nicholas Malinosky have left Douglas Elliman Real Estate for Douglas Elliman. With more than $1 billion in sales to their name, this luxury real estate team focuses on the coastal communities of South Florida with record sales in Manalapan, Ocean Ridge, Gulf Stream and Delray Beach.

Randy and Nick have a 2017 year-to-date sales volume of over $75 million including the record setting sale of 3333 North Ocean Boulevard which sold for $18.5 million in February.

Douglas Elliman has 19 offices in South Florida with nearly 1,000 agents. See Full Article. Contact Randy Ely and Nicholas Malinosky for more information and to discuss your luxury real estate goals.

Blog, News Press

Top Agents Randy Ely and Nicholas Malinosky Join Douglas Elliman South Florida

April 18, 2017

Randy Ely and Nicholas Malinosky have joined the Douglas Elliman South Florida family. Mr. Ely and Mr. Malinosky are located at the 900 East Atlantic Avenue office in Delray Beach, Florida.

Ranked as the #1 Luxury Team in the Beach Area, Randy and Nick have been top producers at Douglas Elliman Real Estate since 2005 when the company acquired Randy Ely’s top brokerage firm, Allmon, Tiernan & Ely, Inc. Randy has been a luxury real estate agent in South Florida for almost 30 years and Nick joined Randy’s firm in 2004. Together, these two industry leaders specialize in the oceanfront, waterfront and beach area properties of Manalapan, Ocean Ridge, Gulf Stream, Delray Beach and Highland Beach.

With over $75 million in sales in the 1st Quarter of 2017, it is easy to understand how Randy and Nick are nationally ranked each year at the top of the luxury market by RealTrends, Wall Street Journal, NRT and more.

When asked about the move to Douglas Elliman, Nick Malinosky replied, ‘œWe are very excited about joining the Douglas Elliman team. Matching our luxury brand with a company that is recognized nationally and globally provides an unlimited reach. With 19 offices in Florida alone and many networking opportunities throughout the country, this is the perfect fit for us. Our business model is client focused and joining Douglas Elliman allows us to offer even greater exposure and opportunities for our sellers, buyers and the luxury properties we represent. We know the possibilities are endless.’

The Randy & Nick Team hit the ground running this week attending several Douglas Elliman training sessions and meetings not to mention the exciting Ellie Awards Ceremony on Friday. All of this is in addition to managing their normal real estate activities. When asked how the transition was going, one team member said, ‘œThere is an exciting energy at Douglas Elliman and we are thrilled to be part of it all.’

Ready to find out how Randy Ely and Nicholas Malinosky can put their expertise to work for you? Contact them today to find out about the Douglas Elliman difference and discuss the current luxury real estate market.

Blog, News Press, Real Estate

Wealth and Scarcity of Oceanfront Property Fuels Record Prices

March 4, 2016

According to a March 3, 2016 post on My Palm Beach Post, the $34 million record setting sale of a Delray Beach oceanfront mansion reflects ‘œwealthy buyers’ willingness to pay top dollar for oceanfront property’. This week’s sale of 921 South Ocean Boulevard for $34M is just the latest in a list of record setting oceanfront transactions.

Last week, Randy Ely and Nicholas Malinosky sold their exclusive oceanfront listing at 6125 North Ocean Boulevard at a record setting price $9 million above the previous Ocean Ridge record.

Similar record settings direct oceanfront deals have recently taken place in Manalapan for $33M and Jupiter Island for $38M. Just this week, a Palm Beach oceanfront mansion listed at $59M went under contract.

There is a high demand for brand new oceanfront homes and large direct ocean parcels thus resulting in a limited inventory. When asked about the current oceanfront market, luxury real estate agent Nicholas Malinosky of the Douglas Elliman Real Estate stated that ‘œthe cost of land has gone up, and it’s extremely difficult to find land in Palm Beach County’. As oceanfront real estate experts, the team of Randy Ely and Nicholas Malinosky has set several oceanfront records including the the 2015 sale of 901 South Ocean Boulevard which sold for $19M; the highest price at that time.

The wealthy buyers of these record setting oceanfront mansions have benefitted greatly from the economic growth in recent years. Chief economist for Florida Realtors, Brad O’Connor was quoted as saying, ‘œWe know that the wealthy are doing pretty well right now.’

The question remains: Is there a ceiling on just how high mansion prices can go? Palm Beach County’s mansion record remains untouched since 2008 when Donald Trump sold the property at 515 North County Road in Palm Beach for $95 million. There are several high-ticket active listings that have yet to sell. A Manalapan estate ($195M), the Palm Beach mansion at 1071 North Ocean Blvd ($74.5M), Greg Norman’s Jupiter Island estate ($55M reduced from $65M), and Celine Dion’s oceanfront estate ($45.4M reduced from the 2013 price of $72.5M). See Full Article

Ready to discuss the oceanfront real estate market? Randy Ely and Nicholas Malinosky are ready to help you sell or buy your next luxury real estate property.

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