In a remarkable transaction that underscores the robust real estate market, a three-bedroom unit at The Marbella was sold for $4 million on May 23, 2025. This sale marked a significant achievement, yielding a profit of $2.75 million for the seller, which corresponds to an impressive 221.3% gain from the unit’s previous purchase price of $1.24 million back in November 2003. Such a return highlights the sustained demand and upward trajectory of property values in this renowned condominium.
The unit, situated on the tenth floor of the freehold condominium, spans 1,625 square feet. The recent sale price translates to approximately $2,461 per square foot, a figure that reflects the strong market conditions and desirability of real estate in the area. This transaction not only signifies a successful investment for the seller but also reinforces The Marbella’s status as a sought-after property among buyers looking for luxury accommodations.
Over the course of 21½ years, the property has displayed remarkable annualized gains, averaging 5.6%. This consistent appreciation in value demonstrates a resilient real estate market, where properties in prime locations continue to attract potential buyers. The Marbella, completed in 2005, has been a mainstay in the market, comprising 239 units and establishing a reputation for delivering profitable transactions from the outset.
The sale of the three-bedroom unit has set a new high resale record for The Marbella, eclipsing the previous record profit of $2.52 million achieved from the sale of a four-bedroom unit in March 2023. This new benchmark for the condominium serves to illustrate the escalating demand for quality residences in the area, as well as the overall health of the luxury real estate market.
As buyers seek out properties that offer both comfort and investment potential, The Marbella remains a frontrunner in meeting those needs. Real estate experts suggest that such transactions are indicative of broader market trends, where buyers are willing to invest significantly in properties that promise both lifestyle and financial returns.
The Marbella’s history of consistent appreciation makes it an attractive option for investors and homeowners alike, further solidifying its standing within the market. As urban centers continue to evolve, buyers are increasingly drawn to properties that not only provide luxury living but also a sound investment.
The Marbella embodies these qualities, as evidenced by the remarkable success of this recent sale. With its blend of strategic location, quality construction, and historical performance, The Marbella is poised to remain a key player in the competitive landscape of luxury real estate for years to come. The sale of the three-bedroom unit serves as a testament to the enduring value and appeal of properties in this prestigious condominium.
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News Source: Edgeprop
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