A home in Boca Raton’s St. Andrews Country Club was the highest-priced property to go under contract in Palm Beach County last week, according to a report from Douglas Elliman’s Eklund-Gomes team.
Between October 6 and October 12, buyers signed 10 contracts for luxury properties in the county. These contracts represented a combined asking price of $47.6 million, with the homes averaging 263 days on the market. The previous week saw 19 contracts with a total asking price of $71.5 million.
The Eklund-Gomes team tracks signed contracts for single-family homes and condos listed at $3 million or more in the Beaches MLS. The report noted there were 49 new listings and a total of 1,065 active listings on the market.
Of the 10 properties that found buyers last week, nine were single-family homes and one was a condo. The condo is listed at $6.5 million, or $2,311 per square foot, and was on the market for 541 days.
The single-family homes accounted for $41.1 million in asking price volume, with an average of 91 days on the market. The average asking price was $4.6 million.
The most expensive home to go under contract was a 7,600-square-foot property at 17153 Ericarose Court in Boca Raton, listed at $9.5 million. Property records show the owner is David Kreiss, president of KM2 Solutions based in Palm Beach Gardens. Kreiss purchased the home in 2020 for $4.7 million. Built in 1988 on 0.9 acres, the house features five bedrooms, seven bathrooms, and a pool. Kreiss listed the property in September. Jeannine Patricia Morris and Blake Benjamin Morris of Lang Realty hold the listing.
The second-priciest pending sale was unit A2 at One Royal Palm Way at 100 Royal Palm Way in Palm Beach, with an asking price of $6.5 million. The seller is the trust of the late Elizabeth Bowden, who acquired the unit with her husband Charles W. Bowden Jr. for $600,000 in 1994. The unit spans 2,810 square feet and includes three bedrooms and three bathrooms. It was initially listed at $9.3 million in 2023. Dana and Paulette Koch with the Corcoran Group have the listing.
