West Palm condo: $300M in units sold

That works out to 60% of available space at ultra-luxury property.

WEST PALM BEACH — The Bristol, the ultra-luxury condominium in West Palm Beach, has sold 60 percent of its units, which equals more than $300 million in sales for the most expensive condo ever built in Palm Beach County.

At this rate, developer Al Adelson expects the 25-story, 69-unit property to sell out by season’s end. “We thought it would take three years to sell out, and it looks like it’s going to take less than a year and a half. We’re extraordinarily happy with sales,” said Adelson, a partner with developer Flagler Investors LLC.

This time last year, The Bristol had logged about $125 mil- lion in sales.

The sales prices are astronomical, ranging from $1,500 to more than $2,500 per square foot. The average size of a unit at The Bristol is about 4,500 square feet and costs $10 million.

The property is just south of downtown, along the Intracoastal Waterway, at 1112 S. Flagler Drive.

T h e r e a r e s i x p e n t h o u s e s planned, and five have sold. That last penthouse is priced at under $30 million, Adelson said.

Word of mouth seems to be helping with sales at the 69-unit project, which has about 41 units sold now. During a December part y, several buyers brought along friends. And The Bristol lodged three more sales.

Some buyers are discovering the building because their friends at private clubs such as the Everglades Club on Palm Beach, or