Presented by the Palm Beach real estate lawyers at Rabideau Klein
November issue: Luxury real estate highlights
$1 Million-plus Single-Family Homes: Luxury Market Bolstered by Lots Activity
The priciest offerings of October were two Sea Island Estates properties that were listed for nearly $30 and $29 million by Suzanne Trapani-Frisbie of the Corcoran Group and Lawrence Moens of Lawrence A. Moens Associates, respectively.
$1 Million-plus Condos: Over $71M Worth of Luxury Condo Properties Brighten Market
In the biggest showing since last April, 21 new listings in the $1 million-plus condominiums entered the Palm Beach condominium market last month for a grand total of $71 million worth of possible upcoming sales The October real estate influx was led by Nino Fernandez of Coldwell Banker Realty, who priced a unit in the highly desired Sloan’s Curve building at $6.9 million.
Palm Beach Land Use: Town Sees 122% Increase in Developmental Review Applications
During the last three months, a year-over-year comparison of review requests submitted to the Town Council revealed a 122% increase in the number of Development Review Applications with the major percentage increases in Site Plan Reviews and Special Exceptions.
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.