New North End house sells for nearly $5.5 mil­lion

The West Indies-style home stands near N. Ocean Boule­vard.

Palm Beach Daily News - - TODAY -

When Mal­colm M. McCluskey paid $2.58 mil­lion for 1233 N. Ocean Way about two years ago, he did so with ex­pec­ta­tions of de­vel­op­ing a house there on spec­u­la­tion, as he had done with other prop­er­ties in Palm Beach.

His in­vest­ment plans were re­al­ized this month when he and his wife, An­gela, closed a sale — recorded at $5.475 mil­lion — for their just com­pleted four-bed­room house. With 5,207 square feet of liv­ing space, in­side and out, the house en­tered the mar­ket at the tail end of Jan­uary — and

Meghan McCarthy / Daily News

Com­pleted in Fe­bru­ary, a fourbed­room house de­vel­oped on spec­u­la­tion at 1233 N. Ocean Way has sold for $5.475 mil­lion.

Dar­rell Hofheinz

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