Palm Beach County’s luxury real estate market remained strong in 2025, with South Ocean Boulevard estates ranking among the county’s most expensive sales. A Palm Beach property sold in April for $51.42 million, with Guy Rabideau, trustee of the 516SOB Trust, as the seller, while another South Ocean Boulevard estate closed in June for $38.75 million, purchased by David Klein as trustee of the 1742 South Ocean Trust — highlighting continued demand for high-end oceanfront homes despite assessed values well below sale prices.
“A Palm Beach estate along South Ocean Boulevard sold in April for $51.42 million. The single-family home sits on about 0.54 acres and contains roughly 8,423 square feet of living area. Built in 2015, the residence includes five bedrooms, seven full bathrooms, and two half bathrooms. Four Zs LLC was listed as the buyer, while Guy Rabideau, trustee of the 516SOB Trust, was the seller. The property carried an assessed value of about $28.5 million and a total market value near $35 million.”
“Rounding out the list was a South Ocean Boulevard estate that sold in June for $38.75 million. The 0.62-acre property includes a home built in 2024 with approximately 8,170 square feet of living area. The residence features six bedrooms, seven full bathrooms, and one half bathroom. David E. Klein, as trustee of the 1742 South Ocean Trust, purchased the property from 1742 LLC. The assessed value was listed at about $22.3 million, with a total market value of approximately $23.7 million.”