2700 North Ocean Press Release - Dermot OBrien Group - Sotheby's International Realty Singer Island

2700 North Ocean Press Release

Miami-based Lionheart Capital closed a record setting $120 million bulk sale, purchasing the remaining units at 2700 North Ocean Drive in Palm Beach County. Lionheart acquired the two-tower oceanfront property on exclusive Singer Island from developer Catalfumo Construction, in a joint venture with New York-based private investment firm Elliott Management Corp. This marks the largest bulk sale in Florida during the last five years.

The 2700 North Ocean property rests on 8.8 pristine acres of playground for the privileged, conveniently nestled between high-end shopping destinations and 375 feet of beach. Residences offer the contemporary design aesthetic of award-winning architect Robert M. Swedroe, with towers angled to take full advantage of panoramic vistas from glass-framed terraces. Expansive lobbies and private elevators create a grand arrival, surrounded by a charmed oceanfront lifestyle with leisure areas, state-of-the-art fitness centers, two full cinema-style theaters, heated lap pool, ocean-flowing Infinity-edge pool and two whirlpool spas. Beach cabanas and private guest suites are also available.

“As one of the finest new oceanfront properties in Palm Beach, we are proud to take ownership of this marquee property,” said Ophir Sternberg, Lionheart Managing Partner, “Catalfumo did an outstanding job in its construction and design. Together with our partners and investors, we look forward to taking the property to new heights and discovering its full potential.”

Dermot OBrien Group

With close to $300 Million in sales on Singer Island since 2004 (close to 250 different properties) Dermot OBrien Group of Sotheby’s International Realty Singer Island is the recipient of the 2012 Ritz Carlton Residences Power Broker Award, 2013-2014 International Property Magazine Best Real Estate Agent Florida Award and the 2017 - 2018 International Property Magazine Best Real Estate Brokerage Florida Award. Dermot was selected as the 2010 & 2011 Unique Homes Magazine Singer Island market specialist, in addition to being a 2008, 2009 and 2010 Platinum Producer for Illustrated Properties Real Estate.

Dermot has an MBA from the Kellogg Graduate School of Management at Northwestern University, a Diploma from the British Chartered Institute of Marketing and a BA from University College Dublin in Ireland. A life long learner he recently completed a Diploma in Digital Marketing from the Digital Marketing Institute. With over 35 years of experience in real estate sales, marketing, new product development and management consulting he continues to enjoy the entrepreneurial career path.