A mansion in the Seminole Landing community of North Palm Beach led luxury real estate contracts in Palm Beach County last week, according to a report from Douglas Elliman’s Eklund-Gomes team. Between October 13 and October 19, buyers signed 11 contracts for high-end properties, with a combined asking price of $67.4 million. The average time these homes spent on the market was 119 days.
This marked an increase from the previous week, when buyers signed 10 contracts totaling $47.6 million in asking dollar volume.
The Eklund-Gomes report tracks single-family homes and condos listed at $3 million or more on the Beaches MLS. Last week, there were 58 new listings and a total of 1,078 active listings.
All pending sales last week involved single-family homes. The average asking price was $6.1 million, which equates to about $1,151 per square foot.
The highest-priced property to go under contract was a 9,200-square-foot mansion at 1162 Banyan Estates Drive in Seminole Landing, listed for $15.9 million. Monica and David J. Hill are recorded as the sellers; they purchased the property for $1.9 million in 2017 and completed construction of the mansion in 2020. The home features five bedrooms, five bathrooms, three half-bathrooms, a pool, spa, putting green, half-basketball court and pickleball court. It was initially listed for $19.2 million last year before several price reductions.
Elliot Koolik and Richard Entel with Compass are representing this listing.
The second most expensive contract was for a home at 10960 Monte Rosa Drive in Palm Beach Gardens within Panther National golf community developed by Centaur Holdings under Dominik Senn’s leadership. This residence is among the first expected closings in Panther National—a development planned for 218 single-family homes that has surpassed $330 million in presales since its launch in 2023. The home spans approximately 6,200 square feet with five bedrooms, four bathrooms, two half-bathrooms and a pool; it was designed by Max Strang.
Jonas Mikals with Living by IMI holds this listing.
