A newly built apartment complex in Jupiter just sold for $65 million, or nearly $214,000 a unit.
The 304-unit Abacoa IV Residences on Main Street traded hands just before Christmas, according to property records. The seller was NRP Group of Cleveland, the buyer KMF X Jupiter of Worthington, Ohio.
Palm Beach County’s apartment market has been on fire. This was the third big apartment deal in Jupiter in recent months. TGM Floresta sold for $76 million in June, and TGM Vintage at Abacoa fetched $82 million in May.