A Boca Raton mansion listed at $23.3 million led luxury property contracts in Palm Beach County for the week ending August 31, according to a report from Douglas Elliman’s Eklund-Gomes team. The weekly market report tracks signed contracts for single-family homes and condos listed at $3 million or more in the Beaches MLS.
Between August 25 and August 31, buyers signed 10 contracts for high-end properties, totaling $67 million in asking dollar volume. This figure represents a slight increase from the previous week, when 11 homes went under contract with a combined asking price of $64.7 million. The properties averaged 265 days on the market.
The report also identified 23 new listings last week, bringing the total number of active listings to 968.
Of the homes that found buyers, eight were single-family houses and two were condos. The condos averaged an asking price of $6.8 million—about $1,237 per square foot—and spent an average of 394 days on the market. Single-family homes accounted for $53.4 million in asking dollar volume and averaged 136 days on the market, with an average asking price of $6.7 million.
The most expensive pending home is located at 212 West Alexander Palm Drive in Boca Raton’s Royal Palm Yacht & Country Club neighborhood. The seller is a trust named after the address that acquired the site for $6.4 million in 2021 before building a six-bedroom, eight-bathroom house with one half-bathroom and a pool in 2023. Property records indicate it was first listed at $25 million in 2022; Marcy Javor with Signature One Luxury Estates has the listing.
The second-highest contract signed last week was for unit 503/504 at 3000 South Ocean Boulevard in Palm Beach, which was listed at $10 million. Records show Perseverance Holdings Trust purchased this condo for $5 million in 2018. The unit includes five bedrooms, six bathrooms, two half-bathrooms, a library, media room and five parking spaces. It was listed for sale at its current price this January by Christian Angle with Christian Angle Real Estate.
