Trophy Property… Classic Monterey-Style Home Situated Directly on the Breakers Golf Course.
Asking $17,995,000. Annual Lease $60,000 Per Month, Seasonal Lease $75,000.
Dear Clients, Friends, Potential Buyers, and Sellers,
First and foremost, we send our very best wishes to you and yours for a Happy, Healthy, Joyous New Year!
Thanks to you, we enjoyed another successful year. We are thankful to our loyal clients, and have had the pleasure of adding new clients to our extensive list of contacts around the World. I wish to thank so many of you who have taken the time to write outstanding testimonials of your experiences with our firm on Google. Your Testimonials mean so much, with 5 star reviews, we couldn’t be more proud… Please review our Testimonials here.
We are pleased to present our 4th Quarter Market Report for your review. It’s been another fabulous quarter for our firm!
We Listed and Sold the highest price per sq. ft. property sold in Area 2 (Wells Road to Worth Avenue), 309 Chapel Hill Road. We are delighted to share the Palm Beach Daily News article regarding this sale with you, click Here to read the article. In addition, we Listed and Sold 350 Seabreeze Avenue, which sold for land value at $1,774.00 per sq. ft. as a new home is being built on this property, and has already had rave reviews at ARCOM, Click here to read the Palm Beach Daily News Article on the sale.
4th Qtr. 2023 Market Report update:
Area 1: (Inlet Drive to Wells Road) 9 homes SOLD
Average price: $9,108,856 – Average per sq. ft. $2,169
Highest priced per sq. ft. 156 Seagate Road – $3,427
Lowest priced per sq. ft. 205 Jamaica Lane – $1,193
Area 2: (Wells Road to Worth Ave.) 5homes SOLD
Average price: $8,365,000 – Average per sq. ft. $2,365
Highest priced per sq. ft. 309 Chapel Hill Road – $ 3,069
Lowest priced per sq. ft. 350 Seabreeze Ave. – $1,774
Area 3: (Worth Avenue to Sloan’s Curve) 0 homes SOLD
Area 2: CONDOS (Worth Avenue to Wells Road) 6 condos SOLD
Average price: $6,234,167 – Average per sq. ft. $2,194
Highest priced per sq. ft. 2 N Breakers Row NPH 4 – $3,602
Lowest priced per sq. ft. 235 Sunrise Ave 323 – $1,234
Palm Beach is the most exclusive real estate in the County…There is no place in the world with the uniqueness of a charming small town community coupled with a rich history and world-renowned amenities, providing its residents with a high-quality lifestyle surrounded by the beauty of Palm Beach. An investment in Palm Beach property has continually proved over time to be the best investment in your portfolio. These Five Pending Sales in Areas 1, 2, and 3, continue to tell the story of why Palm Beach Real Estate is a fabulous investment… Click to view listing(s) See the details of these Pending sales below.
Area 1: North End – 244 Fairview Road, Palm Beach – Built in 2021, with 5,455 total sq. ft., and 4,162 sq. ft. under air conditioned space. Under Contract, Asking $15,900,000. The last sale was March 8, 2022 for $12,000,000. The owner, Bret Baier, is selling as he has purchased another home on Wells Road. Nice investment!
Area 1: North End – 310 Plantation Road, Palm Beach – Built in 1950, situated on an 11,320 sq. ft. lot, 4,992 total sq. ft., and 4,180 sq. ft. under air conditioned space. Under Contract, Asking $10.550,000. The last sale was December 29, 2020 for $4,904,800.
Area 1: North End – 1436 N. Ocean Way – Built in 1957, situated on a 98 x 114 lot, with 5,285 total sq. ft., and 4,172 sq. ft. under air conditioned space. Under Contract, Asking $10,850,000. The last sale was January 2, of 2019 for $3,855.000.
Area 2: Land, In Town – 264 Dunbar Road, Palm Beach – An approximate 20,000 sq. ft. property. Under contract, Asking $12,500,000. The last sale was June 10, 2011 for $2,150,000.
Area 3: Estate Section – 1742 South Ocean Blvd., Palm Beach – A new construction home with 9,580 total sq. ft., and 8,133 sq. ft. under air conditioned space.
Under Contract, Asking $43.500,000. These large estate homes continue to sell, mostly to people fleeing High Tax States, such as New York, California, and Illinois.