Beau Blankenship with Engel & Völkers 30A Beaches represents record-breaking sale of 115 Paradise by the Sea Blvd for $24,000,000
INLET BEACH, Fla., April 6, 2022 /PRNewswire-PRWeb/ --Engel & Völkers Florida today announced the record-breaking sale of 115 Paradise by the Sea Blvd in Inlet Beach, Florida. Beau Blankenship, License Partner and Private Office Advisor with Engel & Völkers 30A Beaches, represented the sellers in the off market transaction. The property, which is still under construction, sold for $24,000,000, setting a new record high in the Florida Panhandle. Previously, the priciest sale in the Panhandle was the $16,900,000 sale of 23 Sea Foam Alley in Alys Beach, Florida in March 2021.
"I'm honored to represent my clients in a record-breaking transaction of a truly remarkable home," said Blankenship. "This sale is extremely telling of the trajectory our market is on, however, we've been experiencing significant growth relatively under the radar for the last 5 years. Although we've seen double-digit million dollar prices for some time, now that the $20-million threshold has been surpassed, we joined a new league with that of other metropolitan areas in Florida. The Florida Panhandle will continue to see average prices increase substantially in the coming months."
Now the most expensive property ever sold in the Florida Panhandle, 115 Paradise by the Sea Blvd exudes world-class glamor and elegance — all while situated in an idyllic Florida beach town. The 9,759-square foot, three-story estate features nine bedrooms, eight full bathrooms, two half bathrooms and two kitchens on a .34-acre beachfront lot. On site amenities include a movie theater, gym and wine room. The master bedroom is surrounded by windows supplying picturesque 360-degree views of the Gulf of Mexico. A pool is accommodated by an enclosed deck and covered porch just feet from the sand.
Although prices have risen 43-percent in the last year, the $24-million price tag beyond exceeds the typical value of homes in Walton County, which stands at $662,237. This is in stark comparison to the $1-million average price along Scenic Highway 30A, a 24-mile corridor that hugs the Gulf of Mexico coastline in Northwest Florida's Walton County.
"New record pricing for luxury properties continues to occur throughout the State of Florida, said Peter Giese, CEO of Engel & Völkers Florida. "It's only fitting that the fastest growing Engel & Völkers franchisee would set an all time price record for their market. We are very appreciative of our truly globally-connected network of real estate advisors at Engel & Völkers; this allows us to continue to exponentially outperform the market in getting results that are in the best interests of our clients."
The sellers, Alabama-based attorney Mike Slocumb and wife Heidi Slocumb, are former clients of Blankenship's; he represented them in their acquisition of the lot that the property is being built on. The buyers, who wish to remain anonymous, lived in a neighboring area and instantly were captivated by this home, which led to their purchase.
Press contact:
Linzee Werkmeister, Junior Vice President, Marketing & Franchise Support
Email: Linzee.Werkmeister(at)evrealestate.com
Tel: (239) 348-9000
About Engel & Völkers:
Engel & Völkers is a global luxury real estate brand. Founded in Hamburg, Germany in 1977, Engel & Völkers draws on its rich European history to deliver a fresh approach to luxury real estate in the Americas with a focus on creating a personalized client experience at every stage of the home buying or selling process for today's savvy homeowner. Engel & Völkers currently operates approximately 263 shop locations with 5,000 real estate advisors in the Americas, contributing to the brand's global network of over 15,000 real estate professionals in more than 30 countries, offering both private and institutional clients a professionally tailored range of luxury services, including real estate, yachting and aviation. Committed to exceptional service, Engel & Völkers supports its advisors with an array of premium quality business services; marketing programs and platforms; as well as access to its global network of real estate professionals, property listings and market data. Each brokerage is independently owned and operated. For more information, visit http://www.evrealestate.com.
About Engel & Völkers Florida:
Engel & Völkers Florida is the Master License Partner of the global luxury real estate brand Engel & Völkers in the state of Florida. Recognized for uniquely recruiting, training and equipping some of the top professionals in the real estate industry, Engel & Völkers Florida's exclusive business model positions its franchisees at the top of the premium market to gain market share and support their bottom line. The company represents franchise locations in 42 markets: 30A Beaches, Amelia Island, Belleair, Boca Raton, Bonita Springs-Estero, Cape Coral, Clermont, Delray Beach, Destin, Fort Lauderdale, Fort Myers Downtown, Gainesville, Islamorada, Jacksonville, Jacksonville Beach, Jupiter, Madeira Beach, Marco Island, Melbourne Beachside, Melbourne Central, Melbourne Downtown, Miami Coconut Grove, Neptune Beach, Ocala, Olde Naples, Orlando, Orlando Downtown, Orlando-Winter Park, Palm Beach, Palm Coast, Pompano Beach, Sarasota, South Tampa, St. Augustine, St. Pete, St. Pete Beach, Stuart, Tampa Water Street, Venice Downtown, Vero Beach, Wellington, and Windermere.
Engel & Völkers Florida is continuing to strategically strengthen and expand its presence in premium real estate markets across the state of Florida. If you would like to know more about the Engel & Völkers brand or how to join its global network—which is known for demonstrating competence, exclusivity and passion, feel free to call our corporate office, located at 633 Tamiami Trl N, Suite 201, Naples, FL 34102 USA. Tel: +1 239-348-9000. For more information about Engel & Völkers Florida, please visit http://www.florida.evrealestate.com
Media Contact
Linzee Werkmeister, Engel & Völkers Florida, 1 (239) 348-9000, [email protected]
SOURCE Engel & Völkers Florida
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