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East Delray Beach Condo with Ocean Views Reduced $100K

May 31, 2016

An East Delray Beach Luxury Condo with ocean views was just reduced by $100,000. The condo located at 86 MacFarlane Drive #8A, Delray Beach, Florida now has an asking price of $1,095,000 as per Beaches Multiple Listing Service (MLS).

This East Delray Beach 8th Floor unit has been completely remodeled and professionally designed with ocean, Intracoastal and city views. Filled with natural light and professionally designed to reflect the sparkling coastal views, this 8th floor southeast and southwest facing corner unit is picture perfect. Every inch of the interior has been beautifully remastered with European French oak wood floors, white walls, clean lines, Carrera marble accents and endless water views all creating a stunning seaside condo.

Bar Harbour is an exceptional condominium with remarkable amenities including direct Intracoastal pool with barbeque area, private storage locker, exercise room, library, club room, common laundry, bike storage, trash chute, covered parking spot and a guest suite on the first floor available for out-of-town guests. This Bar Harbour unit has been completely remodeled and professionally designed to create the perfect seaside condo to call home. Come enjoy the luxury lifestyle in this picture perfect unit. Please see Property Details.

The rarely available condo is exclusively listed by Nicholas Malinosky and Randy Ely of the Douglas Elliman Real Estate. 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.

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Douglas Elliman Real Estate Sealed More Deals Than Any Other Real Estate Firm in Manhattan

May 21, 2016

This month The Real Deal Magazine announced that the Douglas Elliman Real Estate sealed more deals than any other real estate firm in Manhattan. Douglas Elliman Real Estate hit the No. 1 spot with $6.13 billion in sales over the last year. This number is up 43 percent from the previous year and represents $700 million more than the nearest competitor.

According to E.B. Solomont’s article, ‘œThe Real Deal based its rankings on closed transactions in Manhattan for which the firm held the exclusive listing during the 12 months that ended on February 29. It does not include buy-side deals.’ The Top 25 firms closed more than $20.8 billion worth of transactions during the 12 month period.

The writer credits the increase in sales volume to the influx of new condo sales. The many deals that were written pre-construction and have been under contract for months and even years are finally closing. Solomont also notes that an increase in prices over that last few years means that fewer sales resulted in a higher sales volume. See full article for details

South Florida Douglas Elliman Real Estate agents Nicholas Malinosky and Randy Ely are not surprised by the good news. Mr. Malinosky and Mr. Ely know that their fellow Manhattan Corcoran colleagues are the top agents in the industry. It is no secret that Douglas Elliman Real Estate agents achieve record breaking sales year after year in the luxury real estate markets of South Florida and New York.

Ready to work with the #1 Luxury Team in the Beach Area? Nicholas Malinosky and Randy Ely are available to help you achieve your luxury real estate goals.

Blog, News Press

Goldman Sachs CEO Sells $13 Million Hamptons Home

May 20, 2016

According to the Wall Street Journal, Goldman Sachs CEO Lloyd Blankfein has finally sold his home in the Hamptons. After several previous attempts to sell with other real estate firms, Blankfein listed the property three months ago with Douglas Elliman Real Estate agent Susan Breitenbach.

The home located on Parsonage Lane in Sagaponack was first listed in 2007 for approximately $14M. The home was listed again in 2015 for $16.996M with subsequent price reductions to $15.9 and then $14.5. Susan Breitenbach of the Douglas Elliman Real Estate listed the property in February 2016 at $12.995M and now has the property under contract. See WSJ article by Candace Taylor

According to 27east.com, Lloyd Blankfein and his wife Laura built the 6,500 square foot house two decades ago. The seven bedroom residence sits on 2.7 acres and features a media room, gym, sunken tennis court and a 45-foot pool with pool house. See 27east.com article by Tom Clavin

According to Business Insider, the Blankfeins purchased another home in 2012 in Bridgehampton worth $32.5 million. Business Insider writer Dennis Green states that this is ‘œreportedly the reason’ Blankfein decided to sell the Sagaponack property. See Business Insider article

Actor Richard Gere just listed his North Haven mansion with Douglas Elliman Real Estate’s Susan Breitenbach. According to 27east.com, the celebrity’s home had not sold previously even after an $11 million price reduction. By listing with Corcoran, Gere is hoping to have the same result as Blankfein.

Nicholas Malinosky and Randy Ely congratulate their fellow Douglas Elliman Real Estate agent, Susan Breitenbach on a job well done. Mr. Malinosky and Mr. Ely are honored to be associated with the Douglas Elliman Real Estate and enjoy networking with some of the real estate industry’s top agents in both South Florida and New York.

Would you like to sell your South Florida luxury home? Please contact Mr. Malinosky and Mr. Ely – the #1 Luxury Team in the Beach Area – to discuss the current luxury real estate market.

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Nicholas Malinosky and Randy Ely Just Sold Another Delray Beach Oceanfront Home

May 20, 2016

Nicholas Malinosky and Randy Ely just sold the oceanfront home located at 358 North Ocean Boulevard, Delray Beach, Florida. The property is recorded in Beaches Multiple Listing Service with a sale date of May 18, 2016.

Located just blocks north of Atlantic Avenue and Downtown Delray Beach, this is one of the few oceanfront parcels along this stretch of A1A just south of George Bush Boulevard. Location is second to none and the home is truly spectacular with absolutely amazing unobstructed ocean views. Lavish master quarters, gourmet kitchen overlooking the ocean with top-of-the-line appliances, formal library with built in bookcases, formal dining, large media room, custom finishes throughout, and a private guest apartment. Deep corner lot offers expansive outdoor space with lush tropical landscape and a tree canopied entrance. Coral loggia overlooks the oversized pool, courtyard and outdoor kitchen with professional stainless steel gas grill and wood-burning pizza oven. This home is wonderful for entertaining and perfect for enjoying the luxury lifestyle in East Delray Beach, Florida. Property Details

This oceanfront property was exclusively listed by Nicholas Malinosky and Randy Ely who specialize in the marketing and sale of Luxury Properties in the beach area of Palm Beach County. Wall Street Journal and REAL Trends ranked Mr. Malinosky and Mr. Ely as #1 in Florida and #9 in the nation for Top Team Average Sales Price of $8.17M.

If you or anyone you know would like to buy or sell an oceanfront or waterfront estate, please do not hesitate to contact Nicholas Malinosky and Randy Ely to discuss the current luxury real estate market. Please visit www.randyandnick.com.

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East Delray Beach Home Hits the Beach Area Luxury Real Estate Market

May 19, 2016

An East Delray Beach home just hit the beach area luxury real estate market. The residence located at 1215 Southways, Delray Beach, Florida was entered in the Multiple Listing Service on May 19, 2016 with a list price of $2.195M. This new listing is also featured on RandyandNick.com, Corcoran.com, Zillow, Trulia and Realtor.com.

This fabulous beach area residence in East Delray Beach is located just one block from the Atlantic Ocean. Enjoy the shops and restaurants of Atlantic Avenue just a few blocks away with George Bush Boulevard just one block north. Palm Beach and Worth Avenue are a scenic drive via A1A plus easy access to all three International Airports via I-95. With a prime location tucked off A1A, this property offers beach area living in a private setting. The tropical landscape and decorative circular drive enhance the home’s front exterior complete with an inviting front porch and double door entry. The three bedroom residence offers hardwood floors and an open floor plan with lots of windows and French doors throughout providing natural light and picture perfect views of the pool and grounds. Features include formal living and dining rooms, chef’s kitchen open to the family room, den, master suite, two additional guest bedrooms with full baths, laundry room and one car garage. Enjoy endless hours of fun and outdoor entertaining thanks to the heated pool with spa. The entire pool is surrounded by an expansive, decorative patio with numerous areas for lounging, grilling and dining and includes a heated outdoor shower for your convenience. Although the home was built in 1960, it was renovated in 2004 and completed with many upgrades by current Seller the same year. The home has been meticulously maintained and professionally managed. Luxury living awaits in this perfect and private beach area residence. Please see Property Details .

This fabulous beach area home is exclusively listed by Nicholas Malinosky and Randy Ely of the Douglas Elliman Real Estate. 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.

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.

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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.