Presented by the Palm Beach real estate lawyers at Rabideau Klein
June luxury real estate highlights
$1 Million-plus houses: Q2 2022 median price increased 91%
Surpassing its March’s record-breaking sale of 108 Mediterranean Road for $155 million, the Town of Palm Beach puts another record-breaker on the books, the $173 million sale of 589 N. County Road.
$1 Million-plus condos: Luxe condo activity accelerates
The $18 million sale of the new rooftop penthouse at the top of the iconic Tiffany building helped push up real estate numbers of apartments and townhouses in Palm Beach. During the last three months, the prices of 25 closings and new listings surpassed the $7 million mark.
Palm Beach Land Use: Large construction surge and zoning review
Concerned residents, builders, and real estate agents show up at council meeting as the Town prepares to review and adjust its zoning laws, including an attempt to “pause” construction during the process.
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.