In May of 2008, the 1,301 square foot Infinty Tower One two-bedroom #15D was purchased for $1,204,322. A year later, the owners of #15D purchased the 808 square foot #15C for $725,000. And in 2010, the owners requested permission to merge the two units into a single 2,117 square foot three-bedroom family condo at 301 Main Street.
The petitioners’ argument for the merger:
We purchased unit 15D in May 2008 as a second home while living in Palo Alto. We quickly fell in love with the South Beach urban high-rise living. In September 2008 we decided to try and make the Infinity our primary home. We rented out our Palo Alto home and moved in full time to the two bedroom unit with our younger ten year old son.
After settling in at our new home and our son’s school we confirmed that this is where we want to stay and were looking for a larger home that can accommodate our family needs including an additional bedroom for our older son who was returning home from a year abroad.
For several months, roughly from December 2008 until May 2009, we looked for a three bedroom condo in the South Beach high-rise buildings in general and at the Infinity in particular. There were many small one and two bedroom units on the market but we were not able to find a large three bedroom unit that we could afford.
In May 2009 we had the opportunity to purchase the next door one bedroom unit (15C), in anticipation of combining the two units into our family home. We sold our Palo Alto home which helped us finance the purchase of the additional unit.
I would like to point to the following factors to hopefully help the Commission approve our application:
1. The combination of the units will enable us to live in the downtown / South Beach neighborhood in a family size unit. There are relatively few three bedroom units in the South Beach high‐rises. The Infinity has only 68 units (10% of the total) three bedroom units, all of which are either in the 5‐6 story buildings which do not provide the high‐rise living experience, or in the 28th to 42nd floors of the towers which tend to be more expensive and overwhelming in height. The three bedroom units in the Infinity range in size from approximately 1,300 SF to 1,800 square feet which is too small for our needs as a family of four. The combined two units on the 15th floor are just over 2,100 square feet.
2. The original approval of the Infinity project called for maximizing the number of family size units. Combining the two units will help achieve the city’s goal.
3. Having a family home in the South Beach neighborhood helps to strengthen and stabilize the neighborhood.
4. There are many available one and two bedroom units in the South Beach neighborhood and rental vacancy is high. We do not believe that the combination adversely impacts housing availability dynamics.
With numerous letters of support for the merger in able to allow the family to establish permanent residency in the building, the Planning Commission approved the merged.
Having since been combined, the now three-bedroom condo is back on the market and listed for $3,750,000.
∙ Dwelling Unit Merger Request: 301 Main Street #15C/D
∙ Listing: 301 Main Street #15C/D (3/2.5) 2,121 sqft – $3,750,000 [Redfin]