Presented by the Palm Beach real estate lawyers at Rabideau Klein
March issue: Luxury real estate highlights
$1 Million-plus Single-Family Homes: $85M mansion offering leads influx of new listings.
Incoming Palm Beach inventory commenced in full high season swing with twenty new luxury home listings entering the market in February, including the $85 million offering of a speculation mansion in the Ocean Lane community.
$1 Million-plus Condos: Palazzo Villas continue to dominate top condo sales.
The top two sales of the month were both from the Palazzo Villa quadplex, one of which made the third largest sale of the last twelve months, accompanying four other Palazzo Villa transactions at the top of the list.
Palm Beach Land Use: New mansion to be built on Billionaire’s Row.
The Town of Palm Beach just issued a residential new construction permit with a valuation of $8 million to Livingston Builders, Inc. The permit for the new estate to be built on South Ocean Boulevard was the third largest permit issued during the last twelve months.
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.