A home in the St. Andrews Country Club neighborhood of Boca Raton led luxury real estate contracts in Palm Beach County last week, according to a report from Douglas Elliman’s Eklund-Gomes team. Between October 6 and October 12, buyers signed 10 contracts for luxury properties, defined as those listed at $3 million or more in the Beaches MLS. The combined asking price for these properties was $47.6 million, with homes spending an average of 263 days on the market.
This represents a decrease from the previous week, when 19 contracts were signed with a total asking volume of $71.5 million.
The Eklund-Gomes report also noted 49 new listings last week, bringing the total number of active listings in Palm Beach County to 1,065.
Of the properties that went under contract last week, nine were single-family homes and one was a condo. The condo is listed at $6.5 million, or $2,311 per square foot, and was on the market for 541 days before going pending.
The single-family homes accounted for $41.1 million in asking volume and averaged 91 days on the market. The average asking price for these homes was $4.6 million.
The highest-priced listing to find a buyer was a 7,600-square-foot house at 17153 Ericarose Court in Boca Raton, which had an asking price of $9.5 million. Property records show the owner is David Kreiss, president of Palm Beach Gardens-based KM2 Solutions. He purchased the property for $4.7 million in 2020. Built in 1988 on nearly one acre, the home features five bedrooms, seven bathrooms, and a pool. It was listed in September by Jeannine Patricia Morris and Blake Benjamin Morris with Lang Realty.
The second-highest contract was for unit A2 at One Royal Palm Way, located at 100 Royal Palm Way in Palm Beach, with an asking price of $6.5 million. Records show it is being sold by the trust of Elizabeth Bowden, who acquired it with her late husband Charles W. Bowden Jr., a Philadelphia-area real estate developer, for $600,000 in 1994. The unit has three bedrooms and three bathrooms across 2,810 square feet and was listed for $9.3 million in 2023 by Dana and Paulette Koch with the Corcoran Group.
