POMPANO BEACH’S PENTHOUSE DEAL OF THE YEAR?

POMPANO BEACH’S PENTHOUSE DEAL OF THE YEAR?

AQUAZUL MPH02 — $2.499M

THE NEW POMPANO PENTHOUSE MARKET IS $4M… $5M… $7M… EVEN $17M.

MPH02 IS STILL $2.499M.

Here’s why the numbers are so interesting:

$972/SF — 2,572 SF of direct-ocean penthouse for under $1,000/SF.
CASAMAR MPH02 — $4.444M — $1.945M more for only 188 additional interior SF.
SALATO PH905 — $4.895M — almost $2.4M more despite being 440 SF smaller.
SALATO PH801 — $5.295M CLOSED — an actual buyer paid approximately $1,579/SF for new Pompano penthouse product.
SOLEMAR UPH03 — $7M CLOSED — another actual penthouse transaction around $1,579/SF.
WALDORF PENTHOUSE — $17.1M CLOSED — proof of just how far Pompano’s luxury ceiling has moved.

NOW HERE’S THE TRADE:

BUY MPH02: $2.499M

RENOVATE: ~$500K

TOTAL BASIS: ~$3.0M

ALL-IN: ~$1,166/SF

For ~$500K, completely transform it:

Showpiece kitchen — waterfall island, bookmatched stone, European cabinetry, premium appliances.
Spa primary suite — giant shower, slab stone, floating vanities, illuminated closets.
Architectural lighting — LED ceilings, coves, statement fixtures and smart scenes.
New floors throughout — one seamless contemporary finish.
Custom great room — stone TV wall, fireplace, millwork and hidden storage.
Smart-home package — motorized shades, lighting, audio and climate.
Three redesigned balconies — sunrise, oceanfront entertaining and sunset.

THEN ASK THE $1.4 MILLION QUESTION:

RENOVATED MPH02: ~$3.0M

CASAMAR MPH02: $4.444M

Difference: ~$1.445M.

And MPH02 is only 188 interior SF smaller.

THAT’S THE OPPORTUNITY.

Don’t pay the developer to create luxury for you.

BUY THE IRREPLACEABLE ASSETS: