Penthouse B, the second penthouse at Sabbia Beach, the first ultra-luxury oceanfront residential development in Pompano Beach in almost a decade, recently sold for $5.35 million, or $943 per square foot, nearly reaching Pompano Beach record. The announcement below provides additional information about the sale. Image of penthouse: https://www.dropbox.com/sh/698qencuivfeaa1/AAAzh9dXWxzMudXYkum0mN6Ma?dl=0 Sabbia Beach is now 85 percent sold and it has an estimated completion date of one year from now.
Penthouse B, the second penthouse at Sabbia Beach, the first ultra-luxury oceanfront residential development in Pompano Beach in almost a decade, recently sold for $5.35 million, or $943 per square foot. The elegant 5,675-square-foot residence features six bedrooms and six and one-half bathrooms. In January 2017, Sabbia Beach set the Pompano Beach record for the highest sale price per square foot with the sale of its Terrazza B residence, which sold for $969 per square foot, or $3 million. Before that time, Sabbia Beach held the record for the highest per-square-foot sale in Pompano Beach history with the $5.5 million or $934-per-square-foot sale of its Penthouse D. The 2-story Penthouse B boasts soaring 22-foot ceilings in the main area, plus sprawling upper and lower terraces. These terraces measure a total of over 950 square feet, overlook the ocean’s beautiful waters and provide breathtaking views to the east and north. Both Sabbia Beach penthouses feature direct elevator access, large living areas with floor-to-ceiling glass, a gourmet kitchen complete with a chef’s island and Italian cabinetry, walk-in closets in the master bedroom, and freestanding soaking tubs.
“The fact that Sabbia Beach’s Penthouses have sold, indicates that luxury buyers are identifying with the changing Pompano Beach, which is becoming a sophisticated oceanside destination,” said Danny Salvatore, a partner in Fernbrook Florida, the developer of Sabbia Beach. “Sabbia Beach has set several price-per-square-foot records over the past year, reflecting its unique luxury and appeal.” Sabbia Beach is now 85 percent sold. Select residences are available. Only a 35 percent down payment is required. In the first year of living at Sabbia Beach, residents pay no condo fees. Sabbia Beach is 100 percent funded with construction financing provided by Ocean Bank, the largest independent state chartered commercial bank headquartered in Florida. It is now under construction, the topping off took place on Aug. 17th. Sabbia Beach has an estimated completion date of one year from now. A boutique-style development, Sabbia Beach is located directly on 200 linear feet of shoreline and features a 20,000-square-foot private beach — which is very unique in South Florida luxury developments. The private beach is designed by renowned landscape architecture firm ArquitectonicaGEO. Presenting only 68 residences, Sabbia Beach is designed by renowned Miami firm Arquitectonica. Interior design is by the prolific, award-winning designers at Interiors by Steven G. Each residence is luxuriously appointed with large living areas; floor-to-ceiling glass; spacious wraparound terraces featuring awe-inspiring ocean, city or Intracoastal views; and gourmet kitchens. Sabbia Beach presents upscale amenities such as an exotic, contemporary oceanfront pool, state-of-the-art fitness center that overlooks the Atlantic Ocean and features a yoga floor, massage treatment room, and his and hers steam rooms and saunas. The building also features a 3,600-square-foot multi-purpose social room with a catering kitchen. Also, Sabbia Beach offers A/C storage units, 24-hour valet parking, a car wash station, and charging stations for electric vehicles such as Teslas. Sabbia Beach is part of a renaissance in Pompano Beach, which is becoming a vibrant, sophisticated, multidimensional destination. Coming to fruition is a creative arts district and cultural center, upscale shops and restaurants, a $7 million soon-to-be renovated fishing pier, planned Class A office space, boutique hotels, and more. Sabbia Beach offers two-, three- and four-bedroom residences priced from the $900,000s.
A penthouse at Sabbia Beach just sold for $5.5 million and $934 per square feet, with the latter representing the priciest sale ever in Pompano Beach, per a spokesperson for the luxury beachfront development.
Penthouse D was listed at $6.2 million and sizes up at just under 6,000 square feet with five bedrooms and six bathrooms. Penthouse B remains the only remaining penthouse in the 68-residence building and is listed at $5.9 million.
Sabbia Beach broke ground in May and is currently 65 percent sold.
Completion for the Arquitectonica-designed development with Interiors by Steven G. is expected in the second quarter of 2018.