Weekly Update
The fireworks for Independence day typically aren’t provided by the July Palm Beach real estate market. This year wasn’t much different but the amount of closings in the condo market was an unexpected spark. The four closings in the short week ranged from $1.65M to $3.775M. Another closing in the single-family home market makes a fifth closing of the week for $13M. That closing was at 245 Atlantic Ave. Like the condos, this property is also considered to be in town.
Did you know…
The four condo closings this week were the most in a week since the week of April 28th when eight condos and townhouses closed.
This Week
Single Family Homes
Pending – 1
Closed – 0
New – 1
New –274 Monterey Rd $8,350,000
Closed – 245 Atlantic Ave $13,000,000
Condos and Townhomes (In-Town Only)
Pending – 1
Closed – 4
New – 1
New –170 N Ocean Blvd, 312 $1,450,000
Pending – 227 Brazilian Ave, PH D $3,400,000
Closed – 150 Bradley Pl, 203 $3,775,000
Closed – 389 S Lake Dr, 4C $2,300,000
Closed – 173 Peruvian Ave, 3 $2,200,000
Closed – 44 Cocoanut Row, 104A $1,650,000
Notable Price Reductions
FEATURED LISTING
274 Monterey Rd
$8,350,000
3 Bedroom | 3 Bath
2,877 Living SqFt | 3,406 Total SqFt
“Highly sought after North End Bermuda style 3-BR, 3-BA home plus office situated on a 13,500 SqFt Lot. Lush tropical landscaping surrounding pool. Impact windows and doors, full house generator, 2-car air-conditioned garage. Versatile property with option to build new on this 13,500 SqFt Lot or simply maintain the North End Bermuda charm of the existing property. Monterey has lake trail and easy beach access nearby.”
Listed by Dana Koch, The Corcoran Group
We would be honored to represent you in your search for your new home in South Florida. Please contact us and we will put our knowledge and experience to work for you. Call the K2 Team at 561.691.1223