Terrence Derosa has listed the three-bedroom, four-bath Unit #1601 at 3740 South Ocean Blvd. in Highland Beach for $2.3 million.

Derosa paid $1.95M for the condo in April 2008.

Mr. Derosa has served as the executive vice president at Electronic Systems Group. He was also a vice president and general manager for DRS Electronics Systems, Inc.

He earned his B.A. and M.A. in business administration from the University of Hartford and his B.S. in accounting from the University of Connecticut.

There are 243 units at 3740 South Ocean Blvd., which is also known as Toscana. It was constructed in 2004.

Sales in the development dropped from 40 to 26 from 2006-2007. The median sales price also dropped 22.3 percent during that same time period, from $1.5 million to $1.165 million.

There have been 127 sales in Highland Beach so far in 2008. The median sales price is $450,000.

Address: 3740 S. Ocean Boulevard, Unit: APT 1601
Buyer(s): Terrence Derosa
Seller(s): Sandra McCrary (Individually and as Trustee), Michael C Mccrary (Living Trust), and Michael C McCrary (Individually and as Trustee)
Sale date: Apr. 22, 2008