"We are seeing renewed attention in Palm Beach, which is undoubtedly tied to Donald Trump, whose election victory has brought even more energy to the market, along with greater certainty around long-term capital gains and a sense of stability," said Douglas Elliman's John Reynolds, director of sales at Forté on Flagler.
In November, Palm Beach County home sales over $10 million soared - from four homes a year ago in November 2023, totaling $74.9 million, to 11 homes this past month, totaling $299.8 million. That's a 176% increase, according to Douglas Elliman.
The all-cash, off-market deal for the waterfront 8,900-square-foot penthouse closed within six weeks, demonstrating the strong demand for luxury properties in the Palm Beach area.
The full-level penthouse is on the building's 24th floor and opens from a private elevator landing. Building amenities include a second-story pool deck overlooking Palm Beach, a heated spa, and more.
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