Palm Beach Island fires up the market in 1st month of new year
Provided by Palm Beach real estate lawyers at Rabideau Klein
Key Points
- The top four single-family home sales on Palm Beach Island all surpassed the $23 million mark.
- A Mediterranean styled home in the Estate Section with new state-of-the-art accoutrements and deeded beach access in the Estate Section closed for $27.5 million..
- An $8.32 million commercial alteration permit was pulled for the complete build-out of a new theater in The Royal Poinciana business center.
Of the group of $23 million plus home sales in January, the largest sale on Palm Beach Island was the newly renovated single-family home at 120 Clarendon Avenue, which is situated on the desirable higher elevation of the Estate Section.
January’s big sales helped raise the mean price of luxury $1 million-plus single-family home sales in Palm Beach during the last three months by 18% to $12.1 million. There were also more homes sold—35 altogether—raising the mean average by 84%.