The Real Deal Miami

Posts Tagged ‘palm beach’

  • Palm Beach spec home under contract for $39.5M

    First of two neighboring Pulte-built homes to sell on Billionaires' Row
    March 24, 2017 12:00PM

    1330 South Ocean Boulevard

    A newly built five-bedroom spec home on the exclusive section of South Ocean Boulevard known as “Billionaires’ Row” in Palm Beach is in contract and will close next month for $39.5 million, according to sources close to the deal. [more]

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  • More than 30 Palm Beachers among Forbes list of billionaires

    Real estate billionaires in South Florida include Stephen Ross, Jorge Perez and Jeff Greene
    March 21, 2017 02:25PM

    Palm Beach billionaires Jeff Greene, Ken Griffin, Stephen Ross and Donald Trump

    More than 30 of the world’s billionaires call Palm Beach home, some of whom made their wealth – and spent it – in real estate. [more]

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  • South Florida has 8 of state’s 10 priciest homes for sale

    PropertyShark.com reported that three are in Palm Beach and two are in Miami Beach
    March 05, 2017 03:00PM

    800 South Pointe Drive, Apartment 2204, in Miami Beach

    Eight of the 10 most expensive Florida homes listed for sale are in South Florida, including two in Miami Beach and three in Palm Beach,  New York City-based PropertyShark.com reported.

    Listed for sale for the first time in 30 years, a 10-bedroom house at 46 Star Island in Miami Beach has a $65 million asking price, the sixth-most expensive listing in Florida. The residence, which was fully renovated last year, features a 3,000-bottle wine cellar and a living room the size of a ballroom. Miami Beach pioneer Carl Fisher built the historic property. One Sotheby’s International Realty has the listing. [more]

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  • 12 planes violated Trump temporary flight restrictions in Palm Beach

    Aviation businesses, county's airports say the last two Trump visits have cost them about $250k
    February 21, 2017 12:45PM

    Donald Trump arriving at the Palm Beach International Airport on Friday (Credit: Getty Images)

    At least 12 airplanes violated temporary flight restrictions during President Donald Trump’s visit to Mar-a-Lago in Palm Beach last weekend, prompting military aircraft to intervene and buzz at least five of them. [more]

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  • Mar-a-Lago neighbors oppose Trump’s planned helipad

    Even with helipad, Secret Service would shut down the road near Mar-a-Lago
    February 15, 2017 04:30PM

    Donald Trump arriving at a campaign rally in Naples (Credit: Getty Images)

    Several Palm Beach residents expressed concerns at a town council meeting on Tuesday about noise and wind damage should the planned helipad at Donald Trump’s Mar-a-Lago be installed. [more]

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  • Billionaire Ken Griffin nabs $51M loan for Palm Beach property

    Griffin spent about $215M assembling Palm Beach properties
    February 13, 2017 03:00PM

    Renderings of Blossom Way (via the Palm Beach Daily News). Inset: Ken Griffin

    About a month after spending $85 million for the missing piece of his enclave in Palm Beach, hedge fund billionaire Ken Griffin closed on a $51.3 million mortgage for the property. [more]

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  • Home owned by rental car billionaire fetches $7.3M

    The Palm Beach home was owned by the late founder of Enterprise Rent-A-Car
    February 05, 2017 10:30AM

    146 Gulfstream Road in Palm Beach (Source: Palm Beach Daily News)

    A five-bedroom house in Palm Beach owned by the late founder of Enterprise Rent-A-Car sold for $7.3 million.

    Enterprise founder Jack C. Taylor, a billionaire who died last July, had purchased the 6,654-square-foot house at 146 Gulfstream Road in Palm Beach in 2007 for $6.7 million. [more]

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  • Spec townhouse in Palm Beach sells for $5.65 million

    It is the second townhouse sale at a spec duplex development on Sunset Avenue
    February 04, 2017 03:30PM

    176-180 Sunset Avenue in Palm Beach (Credit: VHT Studios)

    The developers got $5.65 million for the second of two townhouses they built on speculation in a duplex on Sunset Avenue in Palm Beach.

    John Flynn Sr., John R. Flynn Jr. and Leona Flynn, who finished building the Georgian-style duplex in 2015, sold the townhouse at 180 Sunset Avenue to a Palm Beach couple. [more]

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  • Trust pays record $49M for Palm Beach spec manse

    Beachfront estate was on the market for $59M
    February 02, 2017 02:15PM

    101 Indian Road. Inset: Real estate agents Cristina Condon and Christian Angle

    Updated, 3:25 p.m., Feb. 2: A land trust paid $49 million for newly completed Palm Beach estate, marking the most expensive home to trade in more than a year in Palm Beach County, and the priciest spec house to sell in the county’s history.  [more]

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  • Palm Beach is hot, antiques are in again: DCOTA WinterMarket panel

    Most buyers are empty nesters downsizing from large homes in Palm Beach and the Northeast
    February 01, 2017 03:45PM

    Chris Leavitt and Linherr Hollingsworth

    Chris Leavitt, Douglas Elliman’s director of luxury sales, has been a top broker in South Florida for the past several sales cycles. But you won’t see him in Miami as much – he has moved to Palm Beach where he says sales are strong at the Bristol a new 25-story luxury condominium in West Palm Beach with 69 units selling between $5 million to $30 million each.

    Leavitt, the Bristol’s “brand ambassador,” said he made the move to Palm Beach after he “saw a change in sales volume,” in Miami, where the luxury condo market has been affected by a global drop in currencies against the dollar and new luxury condo inventory is ballooning.

    Leavitt told The Real Deal that unlike Miami-Dade, foreign buyers are a negligible presence in Palm Beach. Most of his clients he said are either New Yorkers or people downsizing from large homes on Palm Beach Island. His buyers, he said, “are very Palm Beach centric, who wouldn’t consider Miami or Broward, but are determined to live in Palm Beach.” [more]

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