According to a report from the Palm Beach Post, it appears the days are numbered for one of the last few remaining low-rise condo developments on Singer Island—a part of Palm Beach County that is now basically dominated by towering oceanfront high-rises with jaw-dropping views and a wide-range of amenities to match.
Harbor Point, located at 5000 N. Ocean Drive on Singer Island in Riviera Beach, has reportedly been sold for $15 million to The Kolter Group, which plans to demolish the deteriorating 37-unit building and develop a new luxury community that still needs to be approved by the city.
Prior to the market collapse, offers of $30+ million were received for the Harbor Point property—yet another indication of just how hard the Palm Beach County real
