A West Palm Beach waterfront estate has taken the top spot in Palm Beach County’s latest luxury-contract race, with buyers signing a deal tied to its $23.5 million asking price. The property’s trophy-home résumé includes direct water frontage, a rooftop deck, a saltwater pool and a dock built for serious boating.
Buyers signed 19 contracts for Palm Beach County properties asking $3 million or more during the week ending July 27, totaling $128 million in asking volume, according to The Real Deal. Single-family homes accounted for 17 of those deals, while two condos went under contract; the previous period had fewer contracts but a much higher $190.7 million in combined asking volume.
West Palm Waterfront Estate Claims The Top Contract
The 8,540-square-foot mansion features seven bedrooms, eight bathrooms and two half-baths, along with rooftop decks and an elevator. The waterfront setup includes 80 feet along the water, a 40-foot saltwater pool and a dock with a 50,000-pound lift, according to the current listing details on Realtor.com.
Listed by Stephen Simpson of William Raveis Real Estate, the home is asking about $2,470 per square foot. Property records cited in the report show the estate last sold for $3.5 million in 2021, before its latest run through the ultra-luxury market.
Boca Raton Spec Home And Condo Follow Behind
The second-priciest single-family contract involved a 5,800-square-foot spec home at 303 South Maya Palm Drive in Boca Raton, which carried a $13.6 million asking price. The five-bedroom, five-and-a-half-bath property was priced at roughly $2,300 per square foot and was listed by David Roberts of Royal Palm Properties, The Real Deal reported.
The most expensive condo contract came from Alina Residences in Boca Raton, where unit 301 at 210 Southeast Mizner Boulevard landed a $6.8 million deal. The roughly 4,000-square-foot unit has four bedrooms, four-and-a-half bathrooms and more than 1,000 square feet of outdoor space with golf-course views.
Single-family contracts averaged $6.8 million and about $1,543 per square foot, while the two condo deals averaged $5.9 million and $1,774 per square foot. Homes spent an average of 100 days on the market, compared with 132 days for condos, suggesting buyers were still willing to chase standout properties even as the county’s luxury leaderboard kept shifting.
That rotation has become a recurring feature of the Palm Beach County market, where one enormous waterfront property can dramatically reshape a week’s numbers. A Manalapan estate with an underground tunnel recently held the county’s top spot in another weekly report, as Hoodline previously reported.
