Presented by the Florida real estate lawyers at Rabideau Klein
February issue: Florida ultra-luxury real estate highlights
$5 Million-plus Single-Family Homes: Two Palm Beach County homes were January’s top sales
Top sale of the month, and the third largest advertised single-family home in the state during the last 12 months, the Villa Oceano Azu in Manalapan brought $49.28 million. The second largest home purchase was the $44.98 million sale of 550 S. Ocean Boulevard in Palm Beach.
A three-acre Naples property entered the market priced at $99 million advertised as “… the ultimate jewel; the only remaining entire city block on the beach.
$5 Million-plus Condominium Homes: Health Insurance CEO buys West Palm Beach penthouse for $21M
Apartment Penthouse 1901 in newer 25-story waterfront condo building is purchased by CEO of Warner Pacific Insurance Services.
There was a 1% increase in the median price of $5 million-plus advertised condominiums in Florida during the last three months.
Florida Multimillion Dollar Market Brief
Each issue reports on the advertised Florida real estate activity for the prior month in the category of ultra-luxury residential sales and listings of single-family homes and condominiums priced at $5 million or more. The information reflects all data entered by the last day of the prior month. When a sale or listing for that month is posted after the last day of the month, that information will be rolled into the following month’s report. The Florida Multimillion Dollar Market Brief reports on real estate with residential property such as single-family home, condo, co-op and townhouse types, and does not include land-only, multi-family homes, and mobile home types.
All information contained in the report is deemed to be reliable, but is not guaranteed. Neither Rabideau Klein, nor any of its employees makes any representations or warranties as to the accuracy of its contents.