Construction Completed on Palm Beach Oceanfront Condo Project
Demand for the oceanfront homes has remained strong throughout construction, and closings are now underway, DDG reports.
PALM BEACH, FL—Developer DDG reports it has completed construction on its 3550 South Ocean project, the first new beachfront residential development on Palm Beach in a decade.
Earlier this week, DDG CEO and chairman Joseph A. McMillan, Jr., Douglas Elliman Florida Brokerage CEO Jay Phillip Parker and South Palm Beach Mayor Bonnie Fischer commemorated the 30-unit condo building’s completion. Demand for the oceanfront homes has remained strong throughout construction, and closings are now underway, DDG reports. Douglas Elliman Development Marketing is the exclusive marketing and sales agent for 3550 South Ocean.
“3550 South Ocean is a groundbreaking development for Palm Beach and DDG, and we are thrilled to see it come to life,” McMillan says. “We have created something that is unmatched by any other development in Palm Beach, and we look forward to sharing this incredibly special project with our first residents.”
Each home in the seven-story building features direct elevator access, private balconies, direct water views and expansive layouts ranging from 2,600 to over 3,600 square feet. Five penthouses boast private rooftops with custom spas and outdoor kitchens, as well as Atlantic Ocean and Intracoastal Waterway views. The modern interiors designed by Champalimaud Design use clean contemporary lines and a soft color palette to channel a timeless Palm Beach style and create warm, inviting homes. Hallmarks of the residential interiors include open-plan, chef-caliber kitchens with custom islands composed of intricate stonework, solid oak flooring and top-of-the-line appliance and fixture packages. Floor-to-ceiling glass windows, open living areas and private balconies blur the line between indoor and outdoor living.
Amenities at 3550 South Ocean include private beach access, a beachfront salt water swimming pool and terrace, fitness studio, on-site surf board and stand- up paddle board storage, and private valet parking. DDG’s 24/7 concierge provides on-demand lifestyle services including in-residence massages, private training, and yoga and youth fitness. A partnership with the nearby Eau Palm Beach Resort & Spa offers exclusive resident benefits. DDG also has an exclusive relationship with Star Jets International to provide residents with custom concierge jet services, including car transfers, itinerary customization, jet selection, onboard catering and more.
Current availability starts at $2.31 million.
“Buyer response to 3550 South Ocean has been very positive since the building came onto the market,” Douglas Elliman’s Parker notes. “The development offers the rare opportunity to purchase a new home directly on the beach, and it situates residents near the world-class dining, shopping and cultural institutions at the heart of Palm Beach.”
DDG’s portfolio includes commercial, mixed-use, multi-family, residential and retail assets, totals $2.5 billion and is comprised of 2.5 million square feet. The company has offices in California, Florida and New York.