A stunning penthouse in Palm Beach has just been sold for a whopping $15.7 million, and it’s turning heads in the real estate market! The luxurious Penthouse A at the six-story Kirkland House condo, located at 101 Worth Ave, was sold by a trust associated with Torrington, Connecticut developer Roderic M. Oneglia. The lucky new owner? Nicholas Adams.
A Closer Look at the Deal
This off-market transaction is quite remarkable, with the price equating to around $3,801 per square foot for the 4,130-square-foot unit. It’s worth noting that this penthouse was last purchased for $5.8 million back in 2013, meaning its value has nearly tripled in just over a decade. This surge reflects the high demand for waterfront condos in Palm Beach, particularly since there hasn’t been much condo development on the island in recent years – most new construction is focused on single-family homes and townhouses.
What Makes This Penthouse Stand Out?
The penthouse boasts four bedrooms, 4.5 bathrooms, and an expansive balcony. One of its standout features is the unobstructed view of the ocean from across Ocean Boulevard. Imagine waking up to that view every day! Plus, it’s just a short distance from Worth Avenue’s famous luxury shopping district – a dream location for anyone who enjoys the finer things in life.