Dr. Vilas K. Deshpande and Dr. Smita V. Deshpande bought a two-bedroom, two-bath condo at 5510 N. Ocean Dr. in Riviera Beach for $495,000 from Jean Muir-Katz on Dec. 23.

Muir-Katz paid $750,000 for the 1,558-square-foot Unit #233 in Aug. 2006.

Dr. Vilas Deshpande is a pediatrician with 35 years of experience. He has been associated with Lehigh Valley Medical Associates in Allentown, Pa. and Lehigh Valley Pediatrics in Fountain Hill, Pa.

He received his M.D. from Grant Medical College in 1973.

Dr. Smita Deshpande is a physician specializing family medicine. She has been in practice for 26 years.

She earned her M.D. from Topiwala National Medical College in 1979.

There were 473 condo sales in Riviera Beach in 2008, with a median price of $325,000.

Address: 5510 N. Ocean Drive, Unit: 23-C
Buyer(s): Vilas K Deshpande and Smita V Deshpande
Seller(s): Jean Muir-Katz and Jean Muir Katz
Sale date: Dec. 23, 2008