Palm Beach Island fires up the market in 1st month of new year
Provided by the 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 estate with new state-of-the-art accoutrements and deeded beach 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. Agents Dana Koch of the Corcoran Group and Margit Brandt of Premier Properties closed the transaction.
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%.