VISTABLUE SINGER ISLAND SELLS PENTHOUSE RESIDENCE

VISTABLUE SINGER ISLAND SELLS PENTHOUSE RESIDENCE

Sales velocity remains strong at Singer Island’s newest luxury waterfront condominium

SINGER ISLAND, Fla. (June 21, 2017) – VistaBlue Singer Island, a boutique oceanfront condominium located in the heart of the Palm Beaches, is pleased to announce that the Douglas Elliman/VistaBlue Singer Island sales team of Robert Kemp and Heather Mahoney Davis placed one of its two penthouse residences under contract. The 4-bedroom (plus den), 4.5 bath penthouse on the 19th floor was listed for $7.869 million. It boasts 12-foot ceilings, an East-West flow-through design offering views of the Atlantic Ocean and Intracoastal Waterway, and 6,423 square feet of interior space and 1,219 square feet of terraces. Developed by Third Palm Capital, VistaBlue Singer Island will be delivered move-in ready in January 2018.

“As the first luxury development on Singer Island in nearly a decade, VistaBlue continues to generate extraordinary interest from buyers who want luxurious finishes and five-star amenities within a boutique, private oceanfront setting,” said Randall Tuller, Executive Director of Third Palm Capital.

Douglas Elliman placed over $20 million under contract (including the penthouse) at VistaBlue Singer Island during the typically slow months of April and May, suggesting that demand remains very strong for luxury oceanfront properties in Palm Beach County.

“Sales velocity is very strong at VistaBlue Singer Island,” said Jay Phillip Parker, CEO of Douglas Elliman Florida. “Penthouses are typically among the last units to sell, so this is a good indicator of the demand for luxury properties in general, and for this boutique property in particular.”

Designed by architect GliddenSpina and award-winning design firm Interiors by Steven G., VistaBlue Singer Island features 58 spacious residences priced from $1.4 million to nearly $8 million for penthouses. Residences feature open modern floor plans, designer kitchens with Poggenpohl custom kitchen cabinetry and Miele appliances, imported porcelain tile floors indoors and out, and oversized wrap-around terraces showcasing breathtaking views. Five-star amenities include an elevated pool terrace and sundeck overlooking the Atlantic; a state-of-the-art fitness center with men’s and women’s luxury locker rooms complete with saunas; club room and card room; a social lounge with HDTVs; two bars; a boardroom with integrated presentation technologies; and an expansive, pristine private beach.

The remaining penthouse – also 4 bedroom (plus den) and 4.5 baths – offers the same flow-through design, 6,242 square feet of interior space and 1,154 square feet of terraces. It is listed for $7.646 million.

For additional information, visit www.vistabluesingerisland.com, or contact the sales team at 561-472-7979.

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ABOUT THIRD PALM CAPITAL
Third Palm Capital is a national real estate investment and development firm that owns, operates, and develops diversified properties in select core markets. We rely on our Guiding Principles to deliver the highest quality residential, commercial and resort properties to our customers. We have over $1 billion in assets including active investments in New York, California, Florida, and Texas. Our portfolio emphasizes luxury residences, mixed-use communities and resorts. Third Palm is sponsored by the Dart Family and enjoys substantial capitalization and a long-term commitment to becoming the pre-eminent real estate development firm in the United States. For more information, visit www.thirdpalmcapital.com.

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