Town of Palm Beach


Presented by the Palm Beach real estate lawyers at Rabideau Klein

September issue: Luxury real estate highlights

$1 Million-plus Single-Family Homes: Landmarked Estate Section Compound Brings $23M
This last summer was tougher than most, largely due to limited inventory—about 50% less than last last year—Agent Suzanne Frisbie of the Corcoran Group came through with the $23.29 million closing of 125 Via Del Lago, a landmarked Marion Sims Wyeth estate originally built in 1929.

$1 Million-plus Condos: Luxury Palm Beach Condos See 37% Price Increase
If Palm Beach’s luxury single-family home sales are the market’s superstars, luxury condominium sales are its bread and butter. A healthy forty-four $1 million-plus properties entered the market and the median average price for the luxury group increased $37% as compared to the same three-month period of last year.

Palm Beach Land Use: Palm House Pulls $15M Permit for Hotel Renovation
The largest permit of the last twelve months was pulled in August for a long-awaited restoration of the Palm House Hotel, a prominent Palm Beach structure that has been standing vacant and in need of extensive repair since it closed its doors in 2006

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.

The Rabideau Klein Town of Palm Beach Brief is a monthly 9-page resource that focuses on three areas of the housing industry and reveals a continuum of developing luxury real estate trends.
  1. The Top Single Family Home Sales and Listings
  2. The Top Condominium Sales and Listings
  3. Residential and Commercial New Construction

Each report shows meaningful tracking of the leading luxury real estate transactions including median pricing, as well as major building projects in the Town of Palm Beach.