Palm Beach County apartment complex sells for $36 million

(Getty Images)

(Getty Images)

The 300-unit apartment complex at 4758 Sea Oats Circle west of West Palm Beach just sold for $36.35 million, reflecting investors’ intense interest in apartments and a 51-year low in the U.S. homeownership rate.

The complex last sold in 2012 for $20.4 million, so the latest sale is a 78 percent increase. The property near Haverhill and Roebuck roads is known as Viera of the Palm Beaches.

The buyer is AGM Viera of New York.

Reader Comments 0

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Basic HTML is allowed. Your email address will not be published.

Subscribe to this comment feed via RSS