The Real Deal Miami

Palm Beach sees one home sale above $15M in 4Q

January 02, 2014 04:30PM


Jeffrey Lurie and 1275 South Ocean Boulevard in Palm Beach

Despite a busy summer in Palm Beach residential sales market, there has been one home sale exceeding $15 million in the last four months of 2013.

The $28.5 million purchase of a lakefront estate at 1275 South Ocean Boulevard by a company tied to Philadelphia Eagles’ majority owner Jeffrey Lurie was alone in this category. Cristina Condon of Sotheby’s International Realty represented both sides in the deal, The Real Deal reported last month.

The biggest Palm Beach real estate deal of the year came in May when talk-radio icon Howard Stern acquired a North End home at 601 North County Road for $53 million.

Roughly 26 single-family homes were sold for an amount between $7 million and $13 million in 2013. Six of them occurred in the fourth quarter, records show. [Palm Beach Daily News]Mark Maurer