The new luxurious condominium in Hollywood Beach Florida is now gaining success as its sales increases for the past three months. Trump Hollywood, the ocean front condominium has sold a total of 19 units totaling $25 million for the last three months, according to the property’s new owner and developer, BH III LLC Managing Partner, which acquired the property late last year.
Inline with the increase in condominium sales, majority of the developers sold about 85 percent of the condo units built in South Florida within the building construction boom that started in 2002, according to Bal Harbour-based Condo Vultures.
Trump Hollywood, a 200-unit condominium building, was acquired by the real estate firm from South Florida and the New York-based global investment management firm, King Street Capita. It offers two-, three-, and five-bedroom units from 2,100 to 5,000 square feet of space.
According to Daniel Lebensohn, a principal from BH3, majority of the buyers at the Trump Hollywood are from South Florida, who uses the condominium building as primary residence.
Other buyers at the condominium are second-home purchaser from other states like New York, Chicago, and from Latin America and Canada. The buyers, according to Lebensohn, decided to acquire a condo unit at Trump Hollywood because of its new pricing structure.
The average price for one condo unit at Trump usually starts from over $700,000 to over $6 million.
Located between Fort Lauderdale and Miami, the 41-story contemporary glass condominium is just minutes away from the South Beach, Las Olas Boulevard, Aventura Mall, Bal Harbour Shops, and other recreational sites.
The condominium, according to the Chairman and Chief Executive Officer of The Trump Organization, Donald Trump, is said to be one of the finest development on the East Coast.