REAL ESTATE • On the Market
A quick trip to Palm Beach, where bigger houses are driving bigger prices: Nineteen single-family properties sold in Q1, with a median sales price of $12.5M (+40% YoY) and average square feet of 5,098 (+29%), per Elliman. Inventory loosened a bit, with 87 single-family listings during the period, up from last year’s 71.
Here, three properties that came online this month, priced just above the median. Two are new builds in the last decade, one is a hundred years old, recently refreshed.
→ 221 Atlantic Ave (Palm Beach, above) • 4BR/5.2BA, 4246 SF house • Ask: $13.9M • 2016 build with two covered loggias onto lap pool • Days on market: 28 • Agent: James Cosel, Sotheby’s.
→ 226 Merrain Rd (Palm Beach) • 4BR/4.1BA, 3801 SF house • Ask: $15.775M • modern Mediterranean built in 2021 with private gardens • Days on market: 6 • Agent: Tierney O’Hara, Sotheby’s.
→ 420 Brazilian Ave (Palm Beach) • 4BR/5.1BA, 4193 SF house • Ask: $16.75M • renovated 1924 villa in-town • Days on market: 16 • Agent: Shelly Newman, Corcoran.