The $11.5M price of a new mansion in West Palm Beach sets a city record

The price is the highest on record for a single-family home in West Palm Beach, even though it's 15% below the initial ask

May.May 19, 2019 04:00 PM

2914 Washington Road (Credit:

UPDATED, May 20, 11:40 a.m.: The sale price of a new mansion in West Palm Beach easily set a record, even though it is 15 percent below the initial asking price in 2017.

The $11.5 million sale price of the 9,364-square-foot residence at 2914 Washington Road is the highest ever for a single-family home in West Palm Beach.

The new record price is more than double the old record set last year in the $5.02 million sale of 5615 South Flagler Drive.

The newly built mansion on Washington Road has seven fireplaces, six bedrooms, an elevator, a library, wine vault, and two-story living room. The seller’s initial pre-construction asking price in 2017 was $13.5 million.

The developer, Aquantis Group, completed construction of the house in September 2018, and the asking price dropped to $12.9 million in March.

The buyer was Barbara Seymon-Hirsch, trustee of the Edgewater Trust. Douglas Elliman agents Ashley McIntosh and Burt Minkoff had the listing for the newly built mansion. Minkoff also represented the buyer.

Liam Bailey, head of global research at London-based Knight Frank, said during a recent visit to Palm Beach that wealthy individuals are taking a slower, more selective approach to buying luxury real estate.

That may explain why some pricey homes like the Ziff estate in Manalapan remain listed for sale for years. The asking price for the Ziff estate is $137.5 million, well below the initial $195 million ask. [Palm Beach Post]Mike Seemuth

Related Articles

Jay Parker with a rendering of Forte (Credit: Two Roads Development/Alpha Blue Ventures)

Boutique condo project in West Palm Beach launches sales

Rendering of the project

Time Equities plans apartments, retail on former office site in West Palm

Howard Lorber and Barry Zubrow with unit 1601 at The Bristol (Credit: Getty Images)

Howard Lorber flips condo at the Bristol to investment banker Barry Zubrow

From left: 3716 Embassy Drive in West Palm Beach and 80 Nottingham Place in Boynton Beach

South Florida properties involved in $85M debt relief scheme head to auction

603 Village Boulevard (Credit: Google Maps)

AmTrust Bank building in West Palm sells for $8M

Broadstone City Center with Alliance Residential’s Bruce Ward and Nuveen CEO Jose Minaya

Nuveen pays $103M for West Palm luxury apartments

One West Palm rendering and Jeff Greene

Construction worker injured at Jeff Greene’s project in West Palm

Al Adelson and the Bristol

High on his own supply: The Bristol developer buys a unit at his condo tower