In the biggest real estate sale in Palm Beach County in recent months, the Quaye apartment complex in Palm Beach Gardens just sold for $118.35 million, according to property records.
The pet-friendly complex was built in 2015 — with the caveat that the Quaye’s canine-owning tenants had to submit to doggy DNA tests so stray poop could be identified.
The 19-acre complex near Interstate 95 had 340 units, meaning it sold for an eye-popping $348,000 per unit.
When the complex opened to tenants in 2015, monthly rents ranged from $1,490 for a one-bedroom apartment to $2,560 for a four-bedroom unit.
The new owner is an affiliate of PGIM Real Estate in Atlanta. The seller was South Gardens LLC of Tampa.