Jupiter apartments fetch top dollar


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.

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