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Palace Place represents an incredible opportunity for buyers to purchase in a 5-star luxury condominium residence at a price per square foot that is unattainable in inferior new construction.
Palace Place offers unrivaled construction and luxury, a solid financial background, and a balanced, predominantly owner-occupied, and involved community, which are critical criteria when selecting a condominium as a home or investment.
With an average price per square foot of $405, Palace Place delivers the key fundamentals that buyers must realize that other condominiums cannot offer.
Yet, many of these inferior condominiums are charging $700 to over $1,000 per square foot in the name of simply being new. In today’s condominium market, new becomes old fast. Buyers fail to consider the importance of buildings that have been tried and tested and that have built to a much higher standard than the standards of today.
There had been two sales at Palace Place since January 2013. I am honored to announce that I have just sold Penthouse Suite 4601 for the all-time record price of $1,255,000, or $515 per square foot.
This is the highest price per square foot ever paid at Palace Place, yet still clearly demonstrates the incredible opportunity for buyers.
• Luke Dalinda writes his own market reports, in fact, he had been the first to do so, while other realtors pay some firm that has never even set foot or done a deal at Palace Place to prepare “market reports”.
• Luke Dalinda has lived and practiced through every market cycle at Palace Place. His breadth and depth of market knowledge at Palace Place is unparalleled.