A Palm Beach townhome listed at $17 million led luxury contract signings in Palm Beach County last week, according to a market report from Douglas Elliman’s Eklund-Gomes team. Between August 18 and August 24, buyers signed 11 contracts for properties priced at $3 million or more. The total asking dollar volume for these pending deals reached $64.7 million, with the homes averaging 150 days on the market. This figure represents a decline from the previous week, when 18 homes went under contract with a combined asking volume of $117.8 million.
The Eklund-Gomes report tracks single-family homes and condos listed at $3 million or above in the Beaches MLS. Last week saw 27 new listings added to the market, bringing the total number of active listings to 994.
Of the contracts signed, nine were for single-family homes and two were for condos. The pending condos had an average asking price of $3.4 million—about $1,253 per square foot—and averaged 187 days on the market.
Single-family homes accounted for $57.9 million in asking dollar volume and averaged 114 days on the market, with an average asking price of $6.4 million.
The most expensive property to find a buyer was a 4,000-square-foot townhome at 220 Brazilian Avenue in Palm Beach, which was listed for $17 million. According to public records, Crystal Lahners is the seller; she purchased the property for $16.5 million in April. Lahners is the widow of Dr. William Lahners, who was a partner with Center for Sight (CFS) and died in 2021. Earlier this year she listed their Siesta Key home for $31.5 million but has since removed it from the market.
Built in 2022, the Brazilian Avenue townhome features four bedrooms, five bathrooms, and a pool. It was first listed at its current price in May by Chris Leavitt of Douglas Elliman and Ashley Copeland of Brown Harris Stevens.
The second-highest contract was signed for a nearly 5,100-square-foot waterfront home at 961 Iris Drive in Delray Beach with an asking price of $8 million. Records show that John Acunto bought this property for $7.5 million in February before listing it at its current price in March. Built on half an acre in 1978, it includes four bedrooms, four bathrooms, two half-bathrooms, a pool and a dock; Tinka Ellington and Rene Mahfood with Compass hold the listing.
