Presented by the Palm Beach real estate lawyers at Rabideau Klein
August issue: Luxury real estate highlights
$1 Million-plus Single-Family Homes: Prestigious “Seagate” Sale Closes Near $50M
July’s largest sale and winner of the Preservation Foundation of Beach’s prestigious Elizabeth I. and John H. Schuler Award for architectural excellence contributed to a 66% increase in the average luxury homes price during May through July of properties that sold for $ 1 million or more in the Town of Palm Beach.
$1 Million-plus Condos: Sloans Curve Corner Unit Enters Market at $13M
The northeast-facing third-floor corner unit of Two Thousand North, one of four seven-story buildings in Sloan’s Curve, entered the market at a beefy $13 million and the top two Palm Beach condominium sales of July closed at $3.9 and $3.75 million.
Palm Beach Land Use: $5M Permit For Royal Poinciana South’s Ongoing Renovation
Contractor Straticon pulled permit for a commercial alteration of $5 million for Royal Poinciana South, the luxury art deco building next to Bradley Park. The work involves interior improvements for 23 units in the apartment community. The permit was the fourth largest single construction permit issued by the Town of Palm Beach altogether during the last twelve months
Town of Palm Beach Brief
Each issue reports on both private and advertised Town of Palm Beach real estate activity for the prior month in the category of luxury residential sales and listings priced at $1 million or more. The report reviews the Town of Palm Beach’s land usage, specifically, building and development applications as presented to the Town, and the Architectural and Landmarks Commissions, and permits of large-scale building projects in the $100 thousand-plus valuation category. 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.
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.