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Blog, News Press

Gulf Stream Oceanfront Compound Sold by Randy & Nick

May 2, 2018

Randy Ely and Nicholas Malinosky just sold their exclusive listing at 3545 North Ocean Boulevard in Gulf Stream, Florida. The oceanfront property closed on May 2, 2018 as per Beaches MLS. Originally listed at $20.95 Million, the oceanfront compound is situated on 1.96 acres with 230 feet of direct oceanfrontage.

This expansive coastal compound is nearly double the average oceanfront lot size in the area. The regal residence captures the timeless elegance of a Palm Beach estate complete with stunning ocean views, marble and hardwood floors, custom moldings and woodwork, volume ceilings and sprawling grounds. Boasting 14,000 total square feet, interior features include entry foyer; formal living and dining rooms; spacious kitchen; family room; study; media room; master wing and four additional guest rooms plus staff quarters. The meticulous landscape provides the perfect balance of privacy and unobstructed water views while providing the perfect backdrop for the seaside terraces and poolside loggia. Other features include cabana baths, putting green, three car garage, two laundry rooms, abundant storage, generator and more. Enjoy the luxury residence as it is, renovate to your specific liking, or build an opulent estate. With 230 feet of direct oceanfrontage, the possibilities are endless. Please see Property Details.

This is the third oceanfront sale for luxury agents Randy Ely and Nicholas Malinosky of Douglas Elliman Delray Beach. With a year-to-date sales volume over $100M, Randy & Nick have the experience and knowledge to help you achieve your luxury real estate goals. Contact Randy & Nick to start the conversation.

Blog, News Press

Randy & Nick Just Sold Another Gulf Stream Waterfront Estate

April 27, 2018

Douglas Elliman luxury agents Nick Malinosky and Randy Ely just sold another Gulf Stream waterfront estate. This compound located at 1200 North Ocean Boulevard was listed at $7.995M and sold today, April 27, 2018.

‘œLemon Hill’ is a grand waterfront estate designed by society architect Marion Sims Wyeth. The private compound offers a main house, guest and caretaker houses, pool and sprawling grounds overlooking the Intracoastal Waterway. See Property Details

This exceptional waterfront property was exclusively listed by Nick Malinosky and Randy Ely brought the buyer. Randy & Nick are honored to have achieved over $100M in year-to-date sales volume.

Looking to buy or sell a South Florida luxury home? Contact Randy & Nick to start the conversation.

Blog, News Press

Luxury Real Estate News: South Florida Beach Area Pool Home Just Reduced $300K

January 8, 2018

Luxury Real Estate News Just In: A South Florida beach area pool home was just reduced $300K by Nicholas Malinosky of Douglas Elliman. The four bedroom residence located at 3011 Polo Drive in Gulf Stream, Florida is now listed for sale at $1.995 Million representing great value in the beach area.

Tucked away in the heart of Gulf Stream, 3011 Polo Drive is sure to please with sensational curb appeal and spacious backyard complete with new pool and pool house. The home is situated on an expansive parcel and features a great floor plan for both festive gatherings and quiet moments. The living areas offer stunning views of the grounds and easy access to the pool and backyard via French doors. The master wing has sliders to the covered patio, a master bath with dressing area and roomy sitting area that could serve as a private office. There are two guest bedrooms in the main house and a pool house with full cabana bath that could easily serve as a one bedroom guest house. Just north of Delray Beach, two blocks from Gulf Stream School and the ocean, this is the perfect seaside home. See Property Details

Ready to make an offer? Want to schedule a showing? Contact Nick Malinosky of Douglas Elliman for more details.

Blog, News Press

Gulf Stream Seaside Estate with Beach Access Just Listed for $5.85 Million

November 9, 2017

The stunning Seaside Estate in Gulf Stream, Florida just hit the luxury real estate market for $5.85 Million. The property located at 1230 North Ocean Boulevard is exclusively listed by Randy Ely and Nicholas Malinosky of Douglas Elliman. The residence which is being sold furnished and includes deeded beach access was listed ‘œnew’ in Beaches Multiple Listing Service (MLS) today. The property is also featured on several websites including RandyandNick.com, Elliman.com, KnightFrank.com, Zillow.com and Realtor.com.

This stunning Gulf Stream estate is nestled in a private enclave on an expansive parcel with 300 feet of frontage, 100 feet of depth and directly across from the deeded beach access. Custom built to perfection and professionally decorated, the home includes the finest finishes the industry has to offer and is being offered furnished. Convenient A1A location provides easy access to Delray Beach’s Atlantic Avenue and a scenic drive to Palm Beach’s Worth Avenue. Privacy is abundant with no bordering homes and a security gate and concrete wall.

Boasting over 8,000 total square feet, this oceanside estate is filled with natural light and features entry foyer, formal living room, formal dining room, gourmet kitchen, master wing, second floor loft, home theatre, guest house, five total bedrooms; and six full and one-half baths. Exterior features include pool with Jacuzzi, outdoor loggia and patio, landscaped grounds with waterfall. Smart home technology, full house generator, security system three car garage and more. Built, designed and decorated to perfection, this oceanside estate represents the very finest in luxury living. It is a true masterpiece beyond compare. Please see Property Details .

This amazing Gulf Stream estate is exclusively listed by Randy Ely and Nicholas Malinosky. If you would like to discuss the current the Luxury Real Estate Market, please contact Randy & Nick to start the conversation.

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Canadians Doubled Spending on U.S. Real Estate in Last Year

August 9, 2017

The National Association of Realtors reports great news for sellers in South Florida: ‘œMore than one out of three Canadian buyers in the U.S. choose homes in subtropical Florida, with the majority of those snapping up homes around Miami, Fort Lauderdale and West Palm Beach’. Over the past year, Canadians have doubled the amount spent on real estate in the US ‘“ $19 billion to be exact and mainly on vacation homes and residential investment properties. Mansion Global tells us ‘œThey look to their southern neighbor for sunny, high-end vacation spots in places like Florida’. Some may be surprised to learn that ‘œEven with a large contingent of Latin American buyers in Florida, Canadians spent the most of any foreign nationals in the state’”around $3 billion in 2016’. ‘œCanada’s burning hot housing market, particularly in Toronto and Vancouver, has fueled purchases in the U.S., as baby boomers cash out on their long-time family homes in Canada and use the spoils to pick up amenity-rich second homes in the U.S.’.

What are the Canadians buying?
The typical buyers is looking for a low maintenance vacation spot, so it is no surprise most buyers are looking for a luxury condo in the beach area. ‘œA lot of those snowbirds want new developments. It’s their resort property,’ said Ms. Fox, who will soon launch sales in Canada for the new Four Season Private Residences Fort Lauderdale. ‘œThey want a valet, they want a concierge, they like maid service.’ ‘œNew developments in Boca Raton like Akoya Boca West, a condominium at the Boca West Country Club, have seen an influx of new high-end buyers from Canada, a spokeswoman for the development said’. In fact, Akoya already has over 20 Canadian owners which is helping sales with other Canada based households.

How are they buying?
‘œThe vast majority of Canadian buyers in the U.S., some 76%, pay for their homes in all cash, according to John Slivon, president of the realtors association in Palm Beach and Greater Fort Lauderdale’. The typical Canadian buyers have several million in assets and many are looking for luxury homes in the $1 million to $3 million dollar range, making Palm Beach, Fort Lauderdale, and Miami beach area homes very desirable. See Mansion Global article.

Contact Nicholas Malinosky and Randy with Douglas Elliman if you are looking to buy or sell a luxury oceanfront, waterfront or beach area home in South Florida.

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Brazilian Buyers Return to South Florida

July 21, 2017

More than half of all Latin American millionaires are Brazilians which makes them a strong factor in the Miami luxury real estate market. ‘œAfter two bad years, the up-and-down Brazilian economy appears headed toward a gradual recovery, and many wealthy Brazilians think it’s a good time to protect their money and move some capital out of the country.’ Many buyers are purchasing second, third, or even fourth luxury homes as well as income-producing properties.

Historically, investing in South Florida has led to favorable returns and some Brazilians are even looking to make Miami their year round home. ‘œFor Brazilians, Argentinians, Mexicans, Colombians, and Venezuelans, Miami has become the defacto capital of Latin America in the United States. It’s bilingual and bicultural, a welcoming second home that is both cosmopolitan and fun. They understand Miami’s vibe, thanks to the generations of Cubans who began flocking to the city in the 1950s and ’60s.’

Brazilian buyers typically purchase the more expensive units as they really appreciate the high end finishes and craftsmanship. This goes not only for real estate and architecture, but also for fashion and luxury brands. With the growth of designers available at Bal Harbour Shops, The Design District, and Wynwood, Miami’s luxury fashion scene is on the rise as well.

Of course, the exchange rate is a key factor for Brazilian acquisitions. ‘œAs the value of the Brazilian real drops against the dollar, it prompts investors to shelter their money in dollar-dominated assets like South Florida real estate’ says developer Louis Birdman. The stabilization of their economy and political turmoil seem to be looking up; however, the crime in their country still prohibits them from having the luxury of driving the type of car or wearing the watches or jewelry they would like which makes South Florida that much more desirable.

Douglas Elliman CEO, Jay Parker tells us, ‘œMore and more Brazilians are looking to the United States and specifically Florida, not just for a second home, but for a full relocation’.

With over 40 years combined experience in the South Florida luxury real estate market, Douglas Elliman agents, Nicholas Malinosky and Randy Ely know that many luxury buyers come from the Brazil. If you are interested in more information about the luxury market, please contact Nick and Randy today.