Stuart Carlitz Acquires Duplex Penthouse At Waldorf Astoria Residences Pompano Beach For $17.1M

A duplex penthouse located at 1350 South Ocean Boulevard in Pompano Beach, FL, was sold for $17,100,000. The condo spans 6,600 square feet, with a price per square foot of $2,591. This transaction marks a record price for a condominium in the Pompano Beach market. The property is part of the under-construction Waldorf Astoria Residences Pompano Beach, which features 92 units and is currently 85% sold, with completion expected in summer 2027.

Summary of transaction details:

• Property Type: Condo
• Transaction Amount: $17,100,000
• Address: 1350 South Ocean Boulevard
• Market: Pompano Beach, FL
• Square Footage: 6,600
• Price per Square Foot: $2,591
• Buyer: Stuart Carlitz - Bedding Industries of America
• Seller: Jon Paul Pérez - Related Group
• Seller: Dev Motwani - Merrimac Ventures

Stuart Carlitz acquired the duplex penthouse from sellers Jon Paul Pérez and Dev Motwani, representing their respective companies, Related Group and Merrimac Ventures. This purchase highlights the involvement of significant players in the real estate development market, especially with the notable progress of the Waldorf Astoria project reaching 85% sold status as it approaches its summer 2027 completion.