Prices of Palm Beach single-family homes soared over the past year, headed by a blast of luxury sellers looking to unload properties ahead of changes to the federal tax code. Prices averaged $5.03 million in the 6 months ending in March, a 78% gain over the $2.83 million average in the same period a year […]
After the downfall of the housing market last 2008, the Wellington Reserve Office Park was detained by a commercial mortgage-backed securities trust for not being able to pay its $28.8 million mortgage. Just recently, a firm that obtained almost $100 million of tormented Florida properties in 2012 also purchased the park at a discount of […]
A home located at 1157 North Lake Way in Palm Beach listed for $7.9 million, includes three-bedroom, 4.5-bathroom waterfront property has a total of 3,597 square feet of living space, listed by Fite Shavell & Associates’ Aaron Warren. Asset located at El Encanto subdivision was last bought for $3.68 million in 2001.
The October condominium and co-op sales in Palm Beach have increased by $20.1 million compared to the same period in 2011. The total sales of co-op and condo sales in October were $24.7 million and the co-op sales in October were $4.59 million. The single family homes that were sold had a $6.95 million increase […]