A Boca Raton mansion listed at $23.3 million led luxury property contracts in Palm Beach County last week, according to a report from Douglas Elliman’s Eklund-Gomes team. The market data covers the period from August 25 to August 31.
During that week, buyers signed 10 contracts for homes priced at $3 million or more, totaling $67 million in asking volume. These properties averaged 265 days on the market. This represents a slight decrease in both contract count and dollar volume compared to the previous week, when 11 homes with a combined asking price of $64.7 million went under contract.
The Eklund-Gomes team tracks signed contracts for single-family homes and condos listed on the Beaches MLS at $3 million or higher. Last week, there were 23 new listings added, bringing the total number of active listings to 968.
Of the properties that went pending, eight were single-family homes and two were condos. The pending condos had an average asking price of $6.8 million—about $1,237 per square foot—and spent an average of 394 days on the market.
Single-family homes accounted for $53.4 million in total asking price and averaged 136 days on the market, with an average listing price of $6.7 million.
The highest-priced home to go under contract was a 9,200-square-foot mansion at 212 West Alexander Palm Drive in Boca Raton’s Royal Palm Yacht & Country Club neighborhood. The seller is a trust named for the address that acquired the site for $6.4 million in 2021 and built the home in 2023. The house includes six bedrooms, eight bathrooms, one half-bathroom, and a pool.
“It hit the market for $25 million in 2022,” according to Zillow. Marcy Javor with Signature One Luxury Estates is handling the listing.
The second most expensive contract last week was for condo unit 503/504 at 3000 South Ocean Boulevard in Palm Beach, which has an asking price of $10 million. Perseverance Holdings Trust bought this unit for $5 million in 2018 and listed it for sale at its current price in January, according to Zillow. The condo spans about 7,100 square feet with five bedrooms, six bathrooms, two half-bathrooms, a library, media room and five parking spaces.
“Christian Angle with Christian Angle Real Estate has the listing.”
