OB-GYN buys in Sea Ranch Club of Boca for $862,500

Searanch Dr. Leonard Ostreich and his wife, Ellen, bought a three-bedroom, three bath condo in the Sea Ranch Club of Boca at 4001 N. Ocean Blvd. in Boca Raton for $862,500 from Robert B. Richardson on July 3.

Robertson paid $1.095 million for Unit #1605 in Sept. 2005.

Dr. Ostreich is an obstetrician-gynecologist at Boca Raton Community Hospital.

He received his M.D. from Wayne State University.

Condo sales in Boca Raton dropped 31 percent in 2007. The median sales price also dropped $55,000, from $400,000 in 2006 to $345,000 in 2007.

The 16-story Sea Ranch Club of Boca was built in 1981. Sales in the development rose 60 percent in 2007. The median sales price, however, dropped 10.4 percent, from $790,000 in 2006 to $707,500 in 2007.

Address: 4001 North Ocean Boulevard, Unit: 1605
Buyer(s): Leonard Ostreich and Ellen Ostreich
Seller(s): Robert B Richardson (Individually and as Trustee) and Robert B Richardson (Declaration of Trust)
Sale date: Jul. 3, 2008

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