A newly built house in Boca Raton’s Royal Palm Yacht & Country Club led luxury home contracts in Palm Beach County for the week of Nov. 3 to Nov. 9, according to a report from Douglas Elliman’s Eklund-Gomes team. The report shows that buyers signed 10 contracts for homes priced at $3 million or more, totaling $67.7 million in asking price volume. These properties spent an average of 84 days on the market.
The previous week saw higher activity, with 14 contracts signed and a total asking dollar volume of $85.1 million.
The Eklund-Gomes team tracks signed contracts for single-family homes and condos listed at $3 million or above on the Beaches MLS. During the same period, there were 62 new listings and a total of 1,166 active listings.
Of last week’s pending sales, nine were single-family homes and one was a condo. The condo had an asking price of $3.4 million ($852 per square foot) and spent 60 days on the market. Single-family homes averaged an asking price of $7.2 million and were on the market for about 107 days.
The most expensive contract was for a 6,700-square-foot house at 290 Sabal Palm Terrace in Boca Raton’s Royal Palm Yacht & Country Club community, listed at $9 million. This neighborhood is known as Boca Raton’s most expensive area and recently gained attention when football player Travis Kelce rented a waterfront home there over the summer.
Property records indicate that Robert and Robyn Morgan purchased the quarter-acre site for $3.5 million in 2022 before completing construction in 2023. The six-bedroom, six-and-a-half-bathroom house includes a pool, according to public records and listing information.
Initially listed at $10 million in April, the property underwent two price reductions before reaching its current asking price of $9 million as shown on Zillow. David Roberts with Royal Palm Properties holds the listing; he is recognized as the top-ranked agent in The Real Deal’s 2025 Palm Beach County broker ranking.
