Illustrated Properties Luxury Report

PALM BEACH GLAMOUR | SECLUSION | OCEANFRONT

Movie stars, aristocrats and barons of industry have frolicked on Palm Beach’s golden sands since America’s First Resort Destination® rose to favor in the late 1800s. But you don’t need to be a Rockefeller to have your own “once upon a time” moment here. All those in Palm Beach will find a warm welcome, a tropical breeze and plenty of ways to live a modern-day fairy tale. Home to Florida’s oldest golf course, The Breakers was the premier playground of the Gilded Age and still dazzles today. Palm Beach practically invented retail therapy. See and be seen on iconic Worth Avenue, a shopping mecca that often gets mentioned in the same breath as Fifth Avenue and Rodeo Drive.

Single Family Homes

% Change (1 Year)

SINGLE FAMILY Number of Sales

2024

2025

62

80

▲29.0%

Average Sales Price

$14,971,208

$15,794,332

▲5.5%

Median Sales Price

$10,775,000

$13,375,000

▲24.1%

Average Square Footage

4,527

4,784

▲5.7%

Price Per Square Foot

$3,067

$3,269

▲6.6%

Average DOM

161

171

▲6.6%

Sales Sold at Original List Price

2

1

▼50.0%

Top Sale Price

$51,250,000

$66,136,500

▲29.0%

Total Sale Volume

$928,214,900

$1,263,546,525 ▲36.1%

Condos & Townhomes

% Change (1 Year)

CONDO/CO-OP/TOWNHOME

2024

2025

Number of Sales

82

122

▲48.8%

Average Sales Price

$3,168,040

$3,925,659

▲23.9%

Median Sales Price

$2,866,250

$2,737,500

▼4.5%

Average Square Footage

1,926

2,054

▲6.6%

Price Per Square Foot

$1,648

$1,785

▲8.3%

Average DOM

128

139

▲8.7%

Sales Sold at Original List Price

3

2

▼33.3%

Top Sale Price

$12,500,000

$16,500,000

▲32.0%

Total Sale Volume

$259,779,302

$478,930,358

▲84.4%

Top Residential Sale $66.136M 217 W INDIES DR, PALM BEACH, FL 33480

LUXURY REPORT

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