Kirkland House condo unit fetches $5 million

By Margie Kacoha

Updated: 7:00 p.m. Tuesday, Dec. 28, 2010

Posted: 6:55 p.m. Tuesday, Dec. 28, 2010

Barclay’s International Realty Tuesday announced the sale of a Kirkland House condominium. The unit sold for $5 million, according to Robert Wyner, Barclay’s chairman.

The original listing price was $6.29 million.

According to the listing, the four-bedroom, 4.5-bath, 4,630-square-foot unit is on the southeast corner of the building and has an ocean view. Situated at the intersection of Worth Avenue and South Ocean Boulevard, the building has 20 units.

Sotheby’s had the original listing. It was then listed with Linda Olsson Realty, which handled the sale.

The seller was the estate of Estelle Gelman Irrevocable Trust, according to Wyner.

The identity of the out-of-town buyer was undisclosed Tuesday.

The sale closed Tuesday, Linda Olsson said.

Jana Scarpa, one of the agents at Barclay’s, negotiated the sale.

The third-floor unit has a full balcony with an ocean view. Interior shots of the living room and a bedroom also show an ocean view.

The property has a pool on the ocean side of the building. It is surrounded by a deck, which is shielded by landscaping.

Olsson described the condo as a “fabulous opportunity” in the Palm Beach real estate market.

“It’s on Worth Avenue, it’s full of light, it’s bright,” she said.

However, the deed, which would identify the buyer, was not listed on the county clerk’s website at the end of the business day.

Source: Margie Kacoha, December 28, 2010, Palm Beach Daily News

http://www.palmbeachdailynews.com/business/kirkland-house-condo-unit-fetches-5-million-1150966.html

Daily News Staff Writer