Dear Potential Buyers, Sellers, Friends, and Clients:
This month has been a continuation of the market pushing into high gear, with condominium sales beating the street as to prices per sq. foot due to lack of inventory at the $5 million and under market, leaving the inventory of condominiums priced under $4 million at a bare minimum of only 7 units. The lack of inventory at this price point is evident, as the condominium units are typically listed and sold within a week. Click here to preview listed “In-Town” condominiums for sale in Palm Beach.
We are pleased to have sold the last 2 bedroom units listed at the prestigious Sun and Surf, 130 Sunrise Avenue building, we represented the buyers in both sales. Unit 415 was listed at $2,650,000 and is closing in February at almost the asking price. Unit 609 was listed at $2,495,000 and is closing this week. Click here to preview the 1 active listing for sale and the pending listing in the building.
Across the street, at the 170 North Ocean Building, known as Ocean Towers, we represented the buyers in the 2 most recent sales. Unit 203 a renovated, 2/2 with South Exposure, and ocean views, at the asking price of $2,200,000; and Unit 312 a renovated, 1/1, north exposure with ocean views from the terrace, closing at the asking price of $1,250,000, Furnished. Click here to preview the one active listing for sale, and the pending listings in the building.
At the prestigious 400 South Ocean Blvd. Building, situated across from Midtown. Beach, one block from Worth Avenue… We listed and sold Unit 202, which will close in February at the asking price of $2,650,000. click to preview listing. Two Penthouses are also under contract: PHA; Asking: $6,500,000 and PHD; Asking $8,900,000. Click here to preview one active unit for sale, and the pending listings in the building.
UNDER CONTRACT… IN-TOWN EVERGLADE AVENUE, NEW CONSTRUCTION TWO STORY MEDITERRANEAN
“In-Town” Home prices have doubled in the past year… We listed and sold 218 Everglades Avenue… Asking $11,998,000. This fabulous 4 BD/4.5 BA is under construction and will be completed by the builder and the new buyer over the next 7 months. Click here to preview this home, which is under contract. The same builder, Dunworth Construction, built 307 Chilean Avenue, which we listed and sold in 2021 for $6.9 million, which just closed this week at $12 million to a new buyer! Click here to preview 307 Chilean Avenue closed listings.
The Palm Beach real estate market is HOT!….There are only 14 homes listed for sale “In-Town”, a few of which are now “Pending” Inspections, and most likely Sold. Please click here to preview the homes Listed for sale “In-Town” on the Palm Beach MLS.