Welcome to The Dirt! I’m real estate, weather and critter reporter Kimberly Miller with the latest developments in the sizzling market.
It turns out the color of money, and Wall Street South, isn’t green, which you might assume, and it’s also not cotton candy or salmon or bubblegum or cherry blossom or light, pastel or flamingo pink. Nope, the color of money in South Florida is taupe. Maybe latte, if you’re looking to be dramatic. Or, just plain white limestone, which is a little sad because the mascot and masthead of my first paper was a pink Flamingo and it was in Boca, which, yes, I wrongly pronounced Boca R-Ah-Tahn for six months.
But times change and pink is out and chalk is in. Lead business reporter Alexandra Clough expertly lays out the history of pink in South Florida, the areas where it is still fighting to survive, and how we got to this place of beige. Can we blame the millennials? Please?
Stay up to date on South Florida’s sizzling real estate market and sign up for The Dirt weekly newsletter, delivered every Tuesday! Exclusively for Palm Beach Post subscribers.
In other real estate-related news, the popular South of Southern Boulevard community saw a record high price on a single-family home, Ryan Serhant of “Million Dollar Listing” fame is hawking an entire West Palm Beach condominium, Palm Beach Gardens officials are irked by the Wayne Gretzky-supported ice rink, and someone paid $55.5 million in Manalapan for a house they plan to knock down.
Netflix “Owning Manhattan” star Ryan Serhant (formerly of “MDL”) selling West Palm condo building
Bravo TV celebrity Ryan Serhant to sell West Palm Beach waterfront condo, La Fontana.
Ryan Serhant, former Bravolebrity and current star of Netflix’s “Owning Manhattan” is coming in hotter than Larry Dallas at the Regal Beagle (Saxon Ratliff at the White Lotus?), but not in an ick kind of way. He’s charmed high-end Realtor Gary Pohrer away from Douglas Elliman, handled $100 million-plus deals in Palm Beach, and is now taking on the sale of an entire condominium in West Palm.
Owners at the waterfront La Fontana are ready to unload the 140-unit building, which is in good condition, but 64 years old, and maybe a bit mid-century. Not that there’s anything wrong with that. The likely outcome is a demo and rebuild, but it may hinge on whether city officials are willing to let someone go higher than the current 10-story building.
Wayne Gretzky-supported ice rink in Palm Beach Gardens denied extension request
Rendering of an ice rink complex planned at Plant Drive Park in Palm Beach Gardens, Fla.
Palm Beach Gardens officials are ticked that the nonprofit that wants to build an ice skating rink asked for a 90-day extension to line up financing for the project so they voted 4-0 to make like Nancy Reagan and just say no. People in the Gardens are already cranky about the rink because a lot of them didn’t want to lose their skateboard ramps, pickleball courts and softball field.
And the last time an extension was granted to the Palm Beach North Athletic Foundation for a project, the project never got built. As George W. Bush says; “Fool me once…shame on you?” Everyone knows what he meant. Anyway, PBNAF has until July 3 to prove they have financing.
Sold! $55.5 million tear down in Manalapan
An ocean-to-lake estate, outlined in blue, with an under-renovation mansion at 1140 S. Ocean Blvd. has changed hands for a recorded $55.5 million in Manalapan.
The rich in South Florida want what they want, and if you’ve got $55.5 million to spend on a home you plan to knock down, well, who’s to judge? Everyone. Secretly, everyone is judging because humans are judgy. It’s just evolution.
WeatherTech founder and CEO David F. MacNeil plopped down $55.5 million for a waterfront home under construction in Manalapan that he is expected to demolish because he also owns the adjacent property and wants an extra large home on the combined lots. The two estates, which total 3.56 acres of sandy waterfront bliss, cost $94 million.
Live lightly.
Kimberly Miller is a journalist for The Palm Beach Post, part of the USA Today Network of Florida. She covers real estate, weather, and the environment. Subscribe to The Dirt for a weekly real estate roundup. If you have news tips, please send them to kmiller@pbpost.com. Help support our local journalism, subscribe today.
This article originally appeared on Palm Beach Post: West Palm beach condominium being sold by Netflix star Ryan Serhant