Playamar penthouse in Carolina sells for $1.4M, up from $360,000
Food Place Corporation paid $1,400,000 for Penthouse A at Condominio Playamar in Cangrejo Arriba, Carolina, on a sale deed recorded on October 28, 2026. The unit last sold for $360,000 on November 20, 2017, so the new price is 288.9% higher.
From foreclosure to a $1,400,000 sale
The unit's deeds trace a full cycle. A mortgage of $976,500 was recorded on it on July 15, 2006. On June 14, 2017, a bank took the penthouse at a judicial foreclosure sale for $488,250.
The bank then sold it on November 20, 2017 for $360,000, the sale the new price is measured against. A deed recorded on December 16, 2022 at $340,000 divided marital property between spouses and was not a sale.
The deed of October 28, 2026 gives the unit 224.7 square meters of built area, which puts the price at about $6,231 per square meter. The company is the only buyer it names.
The ask and a nearby penthouse
An ad for a Playamar penthouse of the same size, 224.6 square meters, first appeared on February 18, 2026 asking $1,750,000. Its description, marked as reduced, gave a sale price of $1,650,000. The ad was taken down on November 3, 2026. The recorded price came in $350,000 below the listed ask and $250,000 below the price in the description.
In the same neighbourhood, a penthouse of 223.89 square meters at Condominio Villas Del Mar sold for $1,600,000 on a deed recorded on April 30, 2026.
