Palm Beach County condo sales jump in February to $266M

Palm Beach County’s condo sales and dollar volume rose in February.

February condo sales totaled $266 million, above the $243 million in January. Brokers closed 533 sales last month, up from 440 sales in January and down from 538 sales in December, Multiple Listing Service data from Redfin show.

February sale prices ranged from $65,000 to $6 million, with a median sale price of $280,000. The price per square foot ranged from $65 to $2,675, with a median of $246 per square foot.

In January, sales closed with a median price of $280,000, and $244 per square foot.

A $6 million closing at Ocean Delray took the title of the priciest sale last month. Unit 9 at 1901 South Ocean Boulevard in Delray Beach sold for $1,567 per square foot after 107 days on the market. Jenna Steffens with Douglas Elliman (Palm Beach) had the listing, and Wilhelm Nash with Illustrated Properties represented the buyer.

The sale price was lower than January’s priciest sale. Unit 202 at 725 South Ocean Boulevard in Boca Raton sold for $8.3 million — or $1,962 per square foot. 

In contrast, February’s cheapest sale was unit 5 at Lake Clarke Gardens in Lake Worth, at 2687 North Garden Drive. The unit traded for $65,000 — or $87 per square foot — after 187 days on the market. Sharon Tocket with Gracious Homes Realty had the listing. Alex Ordonez with Compass Florida represented the buyer.

Here’s a breakdown of February’s notable condo sales:

Most Expensive

Ocean Delray, 1901 South Ocean Boulevard, unit 9, in Delray Beach | Price $6,000,000 | $1,567 psf | Year built: 2021 | Listing agent: Jenna Steffens with Douglas Elliman (Palm Beach) | Buyer’s agent: Wilhelm Nash with Illustrated Properties

Least Expensive

Lake Clarke Gardens, 2687 North Garden Drive, unit 306, in Lake Worth | Price $65,000 | $87 psf | Year built: 1968 | Listing agent: Sharon Tocket with Gracious Homes Realty | Buyer’s agent: Alex Ordonez with Compass Florida

Highest Price Per Square Foot

Palm Beach Towers, 44 Cocoanut Row, unit 212a, in Palm Beach | Price $3,250,000 | $2,675 psf | Year built: 1956 | Listing agent: Terrance Harris and Matthew Doyle with Compass Florida | Buyer’s agent: Richard Steinberg with Compass Florida

Lowest Price Per Square Foot

Bridgewood, 1633 Bridgewood Drive, unit 3, in Boca Raton | Price $68,000 | $65 psf | Year built: 1974 | Listing agent: Faye Weisberg with Corcoran | Buyer’s agent: Faye Weisberg with Corcoran

Newest

Amrit Ocean Resort & Resi, 3100 North Ocean Drive, Unit 903P, in West Palm Beach | Price $1,150,000 | $523 psf | Year built: 2023 | Listing agent: Kari Lydon with Compass Florida

Oldest

Palm Beach Hotel, 235 Sunrise Avenue, unit 2017, in Palm Beach | Price $600,000 | $2,214 psf | Year built: 1925 | Listing agents: Maria Termotto and Joshua Horwitz with Keller Williams Realty of the Palm Beaches | Buyer’s agent: Anna Kuzminova with Coldwell Banker