A storied Maurice Fatio estate on Palm Beach’s ocean block just muscled its way to the front of the island’s luxury line, topping a very busy week for high-end contracts. Buyers across Palm Beach County inked 26 luxury deals in that stretch, with asking prices adding up to about $197.7 million. Most were single-family homes, and plenty of them lingered on the market for weeks or months instead of disappearing in a weekend frenzy.
According to The Real Deal, buyers signed 26 contracts between May 4 and May 10 that carried a combined asking price of roughly $197.7 million. Those properties spent an average of about 120 days on the market. The weekly tally counted 25 single-family homes and one condo, and agents added 40 new luxury listings to a pool of 1,166 active listings in the Beaches MLS.
Fatio Landmark Asks $49.5M
The priciest property to go under contract was 115 Via La Selva, a Maurice Fatio designed estate listed at $49.5 million. The 1928 residence is described as roughly 9,000 to 9,800 square feet, with multiple bedrooms, a pool, a gym and a guest house. Public records show the lot comes in at about 0.8 acres, according to Zillow.
County records indicate owners Philip and Catherine Korsant bought the property in December 2017 for about $13.96 million, per Compass. Philip Korsant is listed in local biographies as a longtime publishing executive and a founding member of Long Light Capital, according to the Northwest Connecticut Land Conservancy.
North-End Home Also Goes Pending
The second-priciest pending deal of the week was a North End home at 231 Coral Lane, built in 2008 and asking $15.9 million. The property is now marked pending in MLS data. Listing and sales history identify the seller as Andrew Boszhardt Jr., who paid about $5.35 million for the house in 2013, according to Redfin. Boszhardt is the founder of Great Oaks Venture Capital, per company filings noted on Crunchbase.
The home is marketed by Margit Brandt of Premier Estate Properties, according to the current brokerage listing, which underscores the usual Palm Beach wish list of location, newer construction and resort-style amenities.
Market Snapshot: Inventory And Days On Market
Single-family homes that went under contract during the week carried an average asking price near $7.5 million and about $1,604 per square foot, according to the weekly Eklund‑Gomes roundup, which tracks signed contracts of at least $3 million across the Beaches MLS. The report found 25 single-family homes and one condo among that week’s pendings, plus 40 new listings and 1,166 active listings. As detailed by The Real Deal, the week’s pending contracts together totaled about $197.7 million in asking price.
What Buyers And Sellers Should Watch
Those figures, combined with local data from Redfin that flag ZIP code 33480 as a buyer’s market and note that homes often sell around 8 percent below list price, point to a bit more breathing room for luxury buyers in some parts of Palm Beach. Sellers at the very top of the market may feel pressure to fine-tune pricing or offer concessions until demand tightens, even as the week’s big-ticket deals show there is still plenty of appetite for headline-grabbing island properties.
