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

Shoppes at Southern Palms

Kohl’s-anchored shopping center in West Palm goes for $24M

Howard Lorber and a rendering of the Bristol

Howard Lorber picks up unit at the Bristol in West Palm Beach

Daily Digest Miami

Heir to Merck pharma fortune sells Palm Beach estate, Brookdale buys back Sawgrass Park portfolio for $80M: Daily digest

345 30th Street, Brandon J. Rex and Evan P. Kristol

Rosen Equities picks up West Palm Beach apartments for $6M

Daily Digest Miami

Ben Carson talks Opportunity Zones, top developers riff on condos vs. rentals: Daily digest

Daily Digest Miami

Quiksilver signs a lease in Miami Beach, Delray Beach’s Atlantic Crossing announces first retail and office tenants: Daily digest

The Bristol and Thomas J. Healey

Financial mogul pays $6.5 million for unit at the Bristol in West Palm

2751 South Dixie Highway, Scott Sherman and Ben Mandell

Tricera reveals plans for redevelopment of Palm Beach Post building