Palm Beach Post: Billy Joel cuts price of mansion; new condo to rise in South Palm Beach

Real estate sharpies Jeff Ostrowski and Alexandra Clough, writing in The Palm Beach Post’s “RealTime” blog this week, noted a couple of items that might be of interest to Palm Beachers, starting with singer Billy Joel cutting the price of his Manalapan mansion by $2 million. Agent Jack Elkins of The Fite Group has the just reduced $27 million listing, as Ostrowski details in his post.

And developers in South Palm Beach have announced that a new six-story, 30-unit condo is planned for the vacant site of the old Hawaiian Inn at 3550 S. Ocean Blvd. Details released by developer DDG are still sketchy, but the building would be named for site’s address. As Clough reports, 3550 South Ocean would be the first new condo tower to be built in the town in a decade. Sales could start later this year.