By Doug Miller
The apartment, located on the ninth floor of the 10-story White Sands condo tower at 26 W. Broadway, was originally two apartments combined into one. It was sold by its original owner, described by the real estate agent, Holly Hollander of Prudential Douglas Elliman, as the owners of several summer camps. The agent for the buyers was Gary Weiss of Century 21 Petrey-East. The sale closed June 7.
The apartment features ocean views from nearly every room, plus a fireplace and four parking spaces. There is also a private gym, laundry, four bedrooms, three full baths and a wrap-around deck spread out over 3,400 square feet. The last available assessment puts the annual tax nut at $23,000 - which will certainly go up next year - on top of the $1,886 monthly common charge.
Neither the buyers nor the sellers were identified, but Weiss described his clients as Hewlett Harbor natives who have become snowbirds. "What they really bought was an incredible summer cabana," Weiss said. "It's probably the nicest apartment in all of Long Beach, not just for location but what the previous owners put into it. It really is a showcase of architecture and amenities."
Other million-dollar apartment sales in the past three years include a 4-bedroom, 2.5 bath apartment at 164-170 W. Broadway that sold for $1.050 million; a 3-bedroom, 3.5 bathroom apartment at 426 Oceanfront that sold for $1.125 and a 3-bedroom, 2.5 bath apartment at 1051 Oceanfront that sold for its asking price of $1.1 million after four days on the market.
An triplex apartment in Lido Beach Towers sold in 2005 for $2 million, Weiss said, which remains the barrier island's top sale.
For the West Broadway apartment, the original asking price was $2.15 million, and the property actually spent 318 days on the market, which is a long time for luxury real estate when fairly priced. Hollander said this was the result of complications unrelated to the asking price.
"We had a sale the first week, but then there was someone who got sick in the buyer's family and someone who got sick in the seller's family, and this became trivial," Hollander said. "After that, there just aren't that many people out there with this kind of money to spend."
Comments about this story? Dmiller@liherald.com or (516) 569-4000 ext. 213.
