A mansion asking $23.3 million in Boca Raton’s most expensive neighborhood topped signed luxury contracts in Palm Beach County last week.
Buyers signed 10 contracts between Aug. 25 and Aug. 31 for luxury properties in Palm Beach County, according to a market report from Douglas Elliman’s Eklund-Gomes team. The homes that went pending last week total $67 million in asking dollar volume and averaged 265 days on the market. That’s down from $64.7 million in asking dollar volume for 11 homes the previous week.
The team’s report tracks signed contracts for single-family homes and condos asking $3 million or more in the Beaches MLS. It identified 23 new listings, and a total of 968 active listings on the market.
Of the properties that found buyers last week, eight were single-family homes and two were condos. The condos that went pending are asking an average of $6.8 million, or $1,237 per square foot, and spent an average of 394 days on the market.
The single-family homes total $53.4 million in asking dollar volume and averaged 136 days on the market. The average asking price works out to $6.7 million.
The most expensive home to go pending is the 9,200-square-foot mansion at 212 West Alexander Palm Drive in Boca Raton, asking $23.3 million. It is in the gated Royal Palm Yacht & Country Club, the city’s most expensive neighborhood. Records show the seller is a trust named for the address that bought the 0.3-acre site for $6.4 million in 2021. The seller built the home in 2023, and it has six bedrooms, eight bathrooms, one half-bathroom and a pool, according to property records.
It hit the market for $25 million in 2022, according to Zillow. Marcy Javor with Signature One Luxury Estates has the listing.
The second-priciest contract signed last week is for the 7,100-square-foot condo unit 503/504 at 3000 South Ocean Boulevard in Palm Beach, asking $10 million. Records show the seller is Perseverance Holdings Trust, which bought the condo for $5 million in 2018. The unit has five bedrooms, six bathrooms, two half-bathrooms, a library, media room and five parking spaces, according to records and the listing.
It listed for $10 million in January, according to Zillow. Christian Angle with Christian Angle Real Estate has the listing.