Weekly Update
As summer winds down up North, Palm Beach had a typical week for this off-season. A pair of new listings and three closings. The activity is split between houses and condos. The most notable closing was at 236 Pendleton Avenue where a renovated property that had been a rental property for a few years recorded in the high $10Ms. Just because it recorded there, doesn’t make it the contract price. The contract price was likely in the mid $11Ms but closing costs were reworked to lower the purchase price for tax purposes.
A condo at the end of Royal Palm Way sold for $6.7M. This notable deal falls just short of its next-door neighbor in purchase price. The neighbor’s sold for $125K more at $6.825M. This week’s sale had a slightly more updated interior but the taste may have been a little specific for a typical buyer.
Did you know…
Renovations have begun at the former Saks Fifth Avenue location in the Esplanade on Worth Avenue. It has yet to be announced what will be going into the space.
This Week
Single Family Homes
Pending – 0
Closed – 1
New – 1
New –583 N Lake Way $24,950,000
Closed – 236 Pendleton Ave $10,739,375
Condos and Townhomes (In-Town Only)
Pending – 0
Closed – 2
New – 1
New –44 Cocoanut Row, 510B & 511B $5,495,000
Closed -100 Royal Palm Way, G-3 $6,700,000
Closed -44 Cocoanut Row, 205B $2,150,000
Notable Price Reducions
218 El Brillo Way Originally $23,900,000 Now $20,900,00
FEATURED LISTING
583 N Lake Way
$24,950,000
5 Bedroom | 7 Full 1 Half Bath
5,384 Living SqFt | 7,054 Total SqFt | 22,651 Lot SqFt
“Located near the highly desirable North End of Palm Beach, this stunning property sits on a generous half-acre lot and offers double-height volume with soaring 14′ ceilings. The split floor plan includes a luxurious primary suite with a private lanai, complemented by wood flooring and transom windows that fill the home with natural light. The oversized backyard features bright sunny southern exposure and provides ample space for outdoor living and entertaining. Additional highlights include a covered loggia and a pool cabana bath. The spacious 3-car garage, with a discreet side entrance, adds practicality to this beautiful home. This is truly a must-see property to fully appreciate its charm.”
Listed by Gary Pohrer, Serhant
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