Bobby Julien Of Kolter Group And Phil Perko Of Perko Development Acquire 11 Units For $25.025M

The Beach Sound Condominium, located at 19930 South Beach Road in Jupiter, is a condo asset comprising 12 units. The recent transaction involved the acquisition of 11 units for a total sale price of $25,025,000, resulting in a per unit price of approximately $2,275,000. The property spans a 1.46-acre site.

Summary of transaction details:

• Property Type: Condo
• Transaction Amount: $25,025,000
• Units: 11
• Price Per Unit: $2,275,000
• Buyer: Bobby Julien - Kolter Group; Phil Perko - Perko Development

Bobby Julien and Phil Perko are prominent figures in the real estate development sector, representing Kolter Group and Perko Development respectively. The acquisition aims to facilitate the redevelopment of the site into an eight-story, 12-unit luxury condominium designed by SB Architects, continuing the trend in South Florida of transforming older condominiums for high-end development.