Presented by the Palm Beach real estate lawyers at Rabideau Klein
April luxury real estate highlights
$1 Million-plus houses: Q1 closings include record-breaker $155M sale
A combined parcel purchased by Estee Lauder executive closes at $155 million and breaks the Town of Palm Beach’s largest residential purchase record formerly held by the $122.65 million sale of 535 N. County Road.
$1 Million-plus condos: 45% increase in luxe apartment price point
During the first quarter luxury condominiums in the $1 million-plus category saw an increase of 45% in the median average price as compared to the same period of the prior year.
Palm Beach Land Use: Large construction projects skyrocket in Q1
The Palm Beach Building Division issued most of its large-scale construction permits for the last 12 months during Quarte One, including billionaire Ken Griffin’s estate which is slated for $50 million in new construction.
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.