Town of Palm Beach

 

December issue: Town of Palm Beach luxury real estate highlights

Presented by the Palm Beach real estate lawyers at Rabideau Klein

$1 Million-plus Single-Family Homes: $218M Tarpon Island Real Estate Hits National News
As first reported by Bloomberg, “A Palm Beach developer (Todd Michael Glaser) is putting four homes, including one on a private island, up for sale for a combined $353 million in one of South Florida’s ritziest enclaves (Palm Beach).” he redeveloped man-made island at 10 Tarpon Isle now boasts a new mansion and a second reconstructed historical home whose designs echo the original 1939 British Colonial-style architecture.

$1 Million-plus Condominiums: Palm Beach’s Crown Jewel” Penthouse Re-enters Market at $24M
The new two-story penthouse at the top of the iconic Tiffany building is now ready for occupancy. Located on Worth Avenue and advertised as the “Crown Jewel” of Palm Beach, the unfinished apartment was listed for a record-breaking $19.5 million in January of 2021.

Palm Beach Land Use: November Construction Permit 2nd Largest of Last 12 Months
The elegant Atlantic-facing Bermuda beach estate at 101 Nightingale Trail, purchased for $12.4 million two years ago by Brian Libman, Chairman of the Board of Directors of Finance America, is about to receive a $9.85 million alteration.

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.

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.

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