Oceanfront Condos for Sale at 3000 Ocean Way in Jupiter, FL

Located in Jupiter, Florida is a new, oceanfront condominium called 3000 Ocean. 3000 Ocean is comprised of seven stories boasting only 12, large units, and is being presented by elite marketing advisor, CB Richard Ellis. 3000 Ocean was built in 2010 and cost an estimated $18 million to construct. Some of the qualities that make 3000 Ocean so unique are its views of the 101 acre preserve just south of the property and its access to miles and miles of sandy beaches.

Available Condos for Sale at 3000 Ocean Way

The condos for sale in 3000 Ocean are considered some of the most desirable condos in Jupiter. Currently, all units are still available for sale providing investors complete control of the individual sales within 3000 Ocean and its HOA. Comparable properties near the condo feature asking prices near $1,350,000 this includes 34 comparable sales within the last year averaging sales of $378 per square foot. $19,499,000 is the cumulative retail price of 3000 Ocean.

All of the condos boast large balconies that overlook the beach and ocean. Each unit features state of the art architecture and construction with impact glass, well-designed floor plans and layouts. On the first floor of the building is gated and covered parking with 24 private spaces. Only 3 of the units have been “built out”, all of the others are available It is no wonder 3000 Ocean expects total sell out potential.

SELL OUT PROSPECTIVE-Estimated by CBRE, 3000 Ocean has been projected to have a sell out of over $17 million or $378 per square foot. Comparable condominiums have had asking prices around $378 per square foot or an average sale of $1,182,000. The average asking price for comparable condominiums in the surrounding area is $1,350,000 or $460 per square foot. Each of the units was previously listed on the retail market at an average of $1,624,900 per unit or $425 per a/c square footage. Cumulatively, the retail prices total $19,499,000.

DISCOUNT TO REPLACEMENT BENEFITS -The distinctive design and location of 3000 Ocean provides a tremendous value on the condos and gives it an edge. A positive about this building is that CBRE estimates the cost of obtaining the land and then building the condo to exceed $430 per square foot which is greater than the projected sell-out potential for each unit.

AMENITIES OF THE BUILDING - Each unit within 3000 Ocean ranges in size around 3,820 square feet and offer a number of lavish details. The condos are designed with a “flow through” floor plan with spacious balconies, featuring panoramic views of the ocean. Residents will have direct access to the beach, covered terraces by the pool, spa and clubroom. The private elevators bring residents directly to the foyer of each floor. Lastly, the location is one of 3000 Ocean’s best features. Residents will be immersed in the best that Jupiter has to offer including fine and casual dining, outstanding shopping, golf and country club amenities.

 

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Number of Bedrooms 1 2 3 4 5 6 7+ Number of Bathrooms 1 2 3 4 5 6 7+ Square Feet < 1000 1000 - 1500 1500 - 2000 2000 - 2500 2500 - 3000 3000 - 3500 3500 - 4000 4000 - 4500 4500 - 5000 5000 - 6000 6000 - 7000 7000 - 8000 8000 - 9000 9000 - 10,000 10,000 + Contact You By Email Phone Mobile Fax Price Range Less than $300,000 $300,000 - $500,000 $500,000 - $700,000 $700,000 - $900,000 $900,000 - $1,000,000 $1,000,000 - $2,000,000 Over $2,000,000

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Listing information last updated on May 17th, 2012 at 2:00am.