A notable transaction has marked the real estate landscape at The Marbella, where a three-bedroom unit was sold for $4 million. This significant sale, completed on May 23, 2025, represents a remarkable financial success for its previous owner, who originally purchased the unit for $1.24 million in November 2003. The profit of $2.75 million translates to an impressive gain of 221.3%, underscoring the robust appreciation in property values within this desirable condominium development.
The resale price of the unit, which spans 1,625 square feet, establishes a new benchmark for The Marbella, reflecting a rate of $2,461 per square foot. This price point not only highlights the demand for real estate in the area but also signals a broader trend of increasing property values within the condominium. The transaction eclipses the previous record profit earned from a four-bedroom unit sold in March 2023, which achieved a profit of $2.52 million. Such a significant leap in resale figures showcases the ongoing desirability of The Marbella as a sought-after residential location.
The Marbella is a freehold condominium complex completed in 2005, consisting of 239 units with sizes ranging from 1,076 square feet to 4,284 square feet. Since its inception, the development has consistently demonstrated profitable resale transactions, making it a notable player in the luxury condominium market.
The recent sale of the three-bedroom unit further exemplifies the potential for substantial returns on investment in this property. With an annualized gain of 5.6% over the span of 21½ years, investors in The Marbella have experienced a steady increase in their investment value.
This impressive appreciation is indicative of both the quality of the development and the overall health of the real estate market in the region. The Marbella’s strategic location, combined with its well-maintained facilities and amenities, has attracted a diverse range of buyers, contributing to its strong resale performance.
As property owners continue to see favorable returns, it is likely that interest in the development will remain high, further fueling the potential for future transactions.
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News Source: Edgeprop
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