December 29, 2014
2014 was a successful year for luxury real estate on Palm Beach Island. During the first three quarters of 2014, eight single-family homes on the exclusive island sold for 20 million dollars or more, compared to just three in 2013.
An oceanfront estate located at 589 North County Road was the most expensive transaction recorded in 2014. The impressive property sold for between 50 and 55 million dollars and features a 29,000-square-foot home and a guesthouse. Two other properties on the island sold for 42.9 million dollars and 44.96 million dollars, one Palm Beach home sold for 30 million dollars and the remaining 5 luxury properties traded hands for between 20.24 million dollars and 28.86 million dollars.
For more information on luxury Palm Beach real estate, contact Niki Higgins at +1-888-242-4422 or +1-954-817-2500.
Source: Palm Beach Daily News
