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South Florida

Palm Beach County’s November condo sales volume falls to $299M

$19M La Clara unit in West Palm Beach took the top spot

Palm Beach County November Condo Sales Report
(Illustration by The Real Deal with Getty)

Palm Beach County condo sales and dollar volume slid in November.

Brokers closed 581 condo sales totaling $299 million in Palm Beach County in November, compared to 641 condo sales totaling $319 million in October, MLS data from Redfin show.

November sale prices ranged from $55,000 to $18.8 million, with a median price of $260,000. In October, sale prices ranged from $40,000 to $9 million, with a median price of $279,000.

The price per square foot in November ranged from $71 to $2,399, with a median price of $232. In October, the median price per square foot was $239 and ranged from $45 to $2,338.

For the third month in a row, a La Clara condo took the title of priciest trade. Spec developer Todd Glaser bought unit 2601, a penthouse, for $18.8 million — which he already relisted for $28.5 million. Carol Sollak with Engel & Völkers Wellington and Christopher Leavitt with Douglas Elliman (Palm Beach) have the current listing. Glaser’s $18.8 million purchase breaks down to $2,338 per square foot. It sold after 752 days on the market.

On the flip side, a gutted Lake Clarke Gardens condo bottomed out the charts for November. Unit 105 at 2811 Garden Drive South in Lake Worth sold for $55,000 — or $74 per square foot. Sean Murphy with Illustrated Properties had the listing. Diana Rudman, also with Illustrated Properties, represented the buyer. The deal closed after 38 days on the market.

Leaflet map created by Adam Farence | Data by © OpenStreetMap, under ODbl.

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

 

Most Expensive

La Clara, 200 Arkona Court, unit 2601, in West Palm Beach | Price $18,750,000 | $2,338 psf | Year built: 2023

 

Least Expensive

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Lake Clarke Gardens, 2811 Garden Drive South, unit 105, in Lake Worth | Price $55,000 | $74 psf | Year built: 1971 | Listing agent: Sean Murphy with Illustrated Properties | Buyer’s agent: Diana Rudman with Illustrated Properties

 

Highest Price Per Square Foot

Seaglass Condominium, 1500 Beach Road, unit 403, in Tequesta | Price $12,500,000 | $2,399 psf | Year built: 2022 | Listing agent: Robert Thomson with Waterfront Properties & Club C | Buyer’s agent: Jeremy Browne with Compass Florida

 

Lowest Price Per Square Foot

Bridgewood Midrise, 1956 Bridgewood Drive, unit 1722, in Boca Raton | Price $75,000 | $71 psf | Year built: 1974 | Listing agent: Mallor McCabe with Boca West Realty | Buyer’s agent: Luis Cadena with Luca Realty

 

Newest

La Clara, 200 Arkona Court, unit 2601, in West Palm Beach | Price $18,750,000 | $2,338 psf | Year built: 2023

 

Oldest

Gulfstream Condo, 31 South Golfview Road, unit 13, in Lake Worth Beach | Price $235,000 | $324 psf | Year built: 1948 | Listing agent: Christopher Busby with KW Innovations | Buyer’s agent: Simon Isaacs with Simon Isaacs Real Estate

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Tags
Condo MarketCondo SalesCondosLa ClaraMonthly Condo SalesPalm Beach County