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Sabbia Beach’s Penthouse D Listed at $6.2 Million Now Under Contract, Achieving Highest Price Per Square Foot in Pompano Beach History

By August 18, 2016 No Comments

The highest price per square foot in Pompano Beach history was recently attained at Sabbia Beach, the first ultra-luxury oceanfront residential development in the city in nearly a decade. Penthouse D, on the market for $6.2 million, is now under contract at $934 per square foot. Now, the only penthouse remaining at Sabbia Beach is Penthouse B currently listed at $5.9 million.

“It is extraordinary that Penthouse D is under contract for the highest price per square foot in Pompano Beach history,” said Danny Salvatore, a partner in Fernbrook Florida, LLLP, the developer of Sabbia Beach. “This reflects the fact that Sabbia Beach is a truly unique oceanfront development, and one of the last places in South Florida to find new construction directly on the sand, offering an upscale lifestyle.”

The remaining two-story Penthouse B, measuring nearly 5,700 square feet, is exquisitely appointed and beckons with six bedrooms and six and a half bathrooms. Its spacious 950-square-foot terrace provides breathtaking ocean views. In addition to impressive 22-foot ceilings in the main area, Penthouse B boasts all of the lavish features of Sabbia Beach penthouses.

Sabbia Beach is now 65 percent sold. On June 3, Fernbrook Florida, LLLP closed on $45 million construction financing for Sabbia Beach. The financing is provided by Ocean Bank, the largest independent state chartered commercial bank headquartered in Florida. Sabbia Beach is currently under construction with estimated completion in the second quarter of 2018.

With only 68 residences, the 19-story Sabbia Beach is designed by renowned Miami firm Arquitectonica with interiors by award-winning Interiors by Steven G. and tropical landscaping by ArquitectonicaGEO. The general contractor is Verdex Construction whose president is Rex Kirby. Sabbia Beach was designed to blend into its natural surroundings, while offering sweeping views and an infinite sense of space.

In addition to its penthouses, Sabbia Beach offers two-, three- and four-bedroom residences priced from the $900,000s. Each residence features large living areas, with floor-to-ceiling glass, sliders and spacious terraces boasting awe-inspiring views of the ocean, city or Intracoastal. Gourmet kitchens include a chef’s island as well as custom-designed Italian cabinetry, stone countertops, Miele induction cooktop range, Miele wine cooler, and Sub-Zero refrigerator/freezer.

Situated on 200 linear feet of pristine South Florida shoreline, Sabbia Beach features extraordinary resort-style amenities including an exotic, oceanside ultra-contemporary heated pool, state-of-the-art fitness center that overlooks the Atlantic Ocean, spa with massage treatment rooms, and his and hers steam rooms and saunas. The building will feature a 3,600-square-foot multi-purpose social room that will include a bar, kitchen, game and poker tables, and large screen TV. Other amenities include a yoga area and 24-hour valet parking. The interior design of Sabbia Beach’s social spaces, reflecting an organic, luxurious gentle and timeless feel, works in harmony with the building’s organic form.

Sabbia Beach is arising in the midst of a renaissance in Pompano Beach. Emerging is a creative arts district and cultural center, upscale shops and restaurants, a $7 million newly renovated fishing pier, $16 million parking structure, planned Class A office space, boutique hotels, and more, making Pompano Beach a desired spot for those who want to shop, play, work and live on the oceanside.

For more information or to schedule a private preview, please call 954-781-9700 or visit www.SabbiaBeachCondos.com.

About Sabbia Beach

Sabbia Beach is the shared vision of prominent builders who collectively have more than 55 years of experience in creating unique, luxurious, waterfront residential communities across the Western Hemisphere. It is the first ultra-luxury “toes-in-the-sand” oceanfront residential development in Pompano Beach in almost a decade. Offering only 68 luxurious condominiums and extraordinary resort-style amenities, Sabbia Beach, featuring 19 floors, is situated less than a mile north of the Pompano Beach pier, close to high-end oceanfront outdoor shops, live entertainment and fine dining. Sabbia Beach is presented by developers Fernbrook Homes of Ontario, Canada and Grupo Fernandez of Venezuela. Construction is currently underway, with estimated completion scheduled for the second quarter of 2018. Sabbia Beach is located at 730 N Ocean Blvd, Pompano Beach, FL 33062. For more information on Sabbia Beach or to schedule an appointment, please contact 954-781-9700 or visit www.SabbiaBeachCondos.com.

 

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