Town of Palm Beach

Palm Beach’s Real Estate Arena & the Rabideau Klein Law Firm

Palm Beach Island in South Florida is indisputably a star performer when it comes to Florida’s luxury property market. Situated at its heart on Banker’s Row in the Town of Palm Beach, the Rabideau Klein real estate law firm has contributed to a long history of quiet celebrity closings, high end property investment and local involvement in important land use matters. In addition to being the go-to closing attorney for clients, our long-standing relationships with the area’s officials and agents, and our involvement in local land use matters, speaks to dedication to our craft and vitality in the real estate industry.

Keep me in the loop with Rabideau Klein’s monthly newsletter.

 

10% Uptick in Luxe Home Sales Price Point and $90M Listing

Provided by the Palm Beach real estate lawyers at Rabideau Klein
Key points
  • The three-month average median price of luxury single-family homes in Palm Beach increased 12% by the end of May, year-over-year.
  • A North End estate with a deepwater dock and boatlift at 1350 North Lake Way was sold for $90M.
  • An atypical increase in Commercial Alteration permits happened in May, with several of the top ten awarded to local businesses.

This month’s report discloses numbers associated with the Town’s usual summer slowdown in Palm Beach’s luxury real estate market underscored  by the fact that while 23 luxury condos priced at $1 million or more were sold and left the market, only 13 new listing were added in May. However, one of those was the $17 million listing of 221 Brazilian Avenue, West.

The stellar event of the month was the $90 million dollar listing of 1350 North Lake Way in the Eden Villa community. Open the June report for the full story.

 

The Rabideau Klein Town of Palm Beach Brief is a monthly 9-page resource that focuses on three areas of the housing industry and reveals a continuum of developing luxury real estate trends.
  1. The Top Single Family Home Sales and Listings
  2. The Top Condominium Sales and Listings
  3. Residential and Commercial New Construction

Each report shows meaningful tracking of the leading luxury real estate transactions including median pricing, as well as major building projects in the Town of Palm Beach.