Dr. Richard Chaifetz and Jill Chaifetz bought a three-bedroom, three-bath condo at 2727 S. Ocean Blvd. in Highland Beach from Clarence and Dolores Wilhelm for $1.3 million on March 5.

The 2,510-square-foot Unit #903 is part of the Villa Magna condominium development, which was built in 1982.

Dr. Chaifetz is a licensed neuropsychologist and the chairman and chief executive officer of ComPsych Corp., a provider of employee assistance programs.

He graduated from St. Louis University and earned his doctorate degree from the Illinois School of Professional Psychology.

Sales at the Villa Magna were down 20 percent from 2007-08, while the median sales price fell 7.2 percent during that time.

There were 130 condo sales in Highland Beach in 2008, with a median sales price of $390,000.

Address: 2727 S. Ocean Boulevard, Unit: 903
Buyer(s): Richard A Chaifetz (Trustee), Richard A Chaifetz (Revocable Trust), Jill B Chaifetz (Trustee), and Jill B Chaifetz (Revocable Trust)
Seller(s): Clarence A Wilhelm (Individually and as Trustee), Clarence A Wilhelm (Revocable Trust), and Dolores Wilhelm
Sale date: Mar. 5, 2009