Owners at the waterfront La Fontana condominium in West Palm Beach, Florida are putting their entire 140-unit building up for sale after failing to seal deals with two billionaire developers.
They’ve recruited former “Million Dollar Listing New York” star Ryan Serhant and his firm to represent the 64-year-old building with the idea it would be demolished and replaced by new construction.
The address, 2800 N. Flagler Drive, is an attractive location just north of bustling downtown West Palm Beach and sitting directly on the Intracoastal Waterway with nearly three acres of land. It's two miles south of the Lake Worth Inlet, also known as the Palm Beach Inlet, and next to Currie Park, which is currently undergoing a $35 million renovation.
La Fontana’s association board had previously considered asking for $225 million for the building but there’s no sale price set on the current listing, which is being handled off market.
“It’s not the building, it’s the land,” said La Fontana board President Paul Moreno. “The general consensus is it will be knocked down and something else will be built.”
