A Boca Raton residence in the St. Andrews Country Club community led luxury home contracts in Palm Beach County last week, according to a market report from Douglas Elliman’s Eklund-Gomes team. Between October 6 and October 12, buyers signed 10 contracts for high-end properties in the county, totaling $47.6 million in asking price volume. The homes spent an average of 263 days on the market.
This activity marked a decrease from the previous week, when buyers signed 19 contracts with a combined asking dollar volume of $71.5 million.
The Eklund-Gomes report tracks signed contracts for single-family homes and condos listed at $3 million or more in the Beaches MLS. Last week, there were 49 new listings and a total of 1,065 active listings on the market.
Of the properties that went under contract, 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 had been on the market for 541 days.
Single-family homes accounted for $41.1 million of the pending dollar volume and averaged 91 days on the market. The average asking price among these homes was $4.6 million.
The highest-priced property to find a buyer was at 17153 Ericarose Court in Boca Raton, with an asking price of $9.5 million. Property records indicate that David Kreiss, president of KM2 Solutions—a Palm Beach Gardens-based company specializing in outsourcing customer relationship management services—owns the home. Kreiss purchased it for $4.7 million in 2020. Built in 1988 on nearly an acre, the house has five bedrooms, seven bathrooms, and a pool. It was listed for sale in September by Jeannine Patricia Morris and Blake Benjamin Morris with Lang Realty.
The second-most expensive contract was for unit A2 at One Royal Palm Way (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 condo measures 2,810 square feet with three bedrooms and three bathrooms and was originally listed at $9.3 million in 2023 by Dana and Paulette Koch with Corcoran Group.
