A Palm Beach townhome listed for $17 million was the highest-priced property to go under contract in Palm Beach County last week, according to a market report from Douglas Elliman’s Eklund-Gomes team. The report, which covers signed contracts for single-family homes and condos asking $3 million or more in the Beaches MLS, found that buyers signed 11 contracts between August 18 and August 24. These pending sales totaled $64.7 million in asking dollar volume and spent an average of 150 days on the market. This is a decrease from the previous week, when 18 homes went under contract with a combined asking dollar volume of $117.8 million.
The report also noted there were 27 new listings added last week, bringing the total number of active listings to 994.
Of the properties that went into contract, nine were single-family homes and two were condos. The condos had an average asking price of $3.4 million—about $1,253 per square foot—and averaged 187 days on the market.
Single-family homes accounted for $57.9 million in asking dollar volume and averaged 114 days on the market, with an average asking price of $6.4 million.
The most expensive home to find a buyer was a 4,000-square-foot townhome at 220 Brazilian Avenue in Palm Beach, listed at $17 million. Records show Crystal Lahners is the seller; she purchased it for $16.5 million in April. Lahners is the widow of Dr. William Lahners, who was a partner with Center for Sight (CFS) and died in 2021. She previously listed their Siesta Key home for $31.5 million but has since removed it from the market.
The townhome on Brazilian Avenue was built in 2022 and features four bedrooms, five bathrooms, and a pool. It was first listed at its current price in May by Chris Leavitt with Douglas Elliman and Ashley Copeland with Brown Harris Stevens.
The second-highest priced property to secure a buyer last week was a nearly 5,100-square-foot waterfront home at 961 Iris Drive in Delray Beach, listed at $8 million. John Acunto is recorded as the seller; he bought it for $7.5 million earlier this year and put it on the market for its current price in March, according to Zillow data (https://www.zillow.com/homedetails/961-Iris-Dr-Delray-Beach-FL-33483/46294338_zpid/). Built on half an acre in 1978, this house includes four bedrooms, four bathrooms, two half-bathrooms, a pool and a dock as described by records and listing information (https://www.zillow.com/homedetails/961-Iris-Dr-Delray-Beach-FL-33483/46294338_zpid/). Tinka Ellington and Rene Mahfood with Compass have this listing.
