2023 Year End Market Palm Beach & Coastal West Palm

2023 YEAR END MARKET REPORT PALM BEACH & COASTAL WEST PALM BEACH FEATURED EXCLUSIVE: 240 N. OCEAN BLVD | LISTED BY ELIZABETH DEWOODY

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letter from Elizabeth

Palm beach single family homes

2019 through 2023 YTD

Dear Clients, Colleagues, and Friends,

2019

2020

2021

2022

2023

In 2023, we were witness to two extraordinary sales that captured headlines. The first was the sale of a remarkable $170 million oceanfront estate, establishing a new town record. Following closely was the sale of Rush Limbaugh’s oceanfront estate for $155 million to William Lauder, the executive chairman of Estee Lauder Cos. For the sake of accuracy, we have chosen not to include these two outlier sales in our 2023 Market Report. Not accounting for the two outlier sales, the median price point for a single-family home on the island stands at an impressive $12,000,000, representing a 9% decrease from 2022. This still positions 2023 as having the second-highest median sale price ever recorded on the Island. Sellers should take note that their sales price is now at least double what it was just three years ago, before the onset of the pandemic. It’s important to recognize that this isn’t the case in other markets. An analysis of IRS income migration data from 2020 and 2021 by the Economic Innovation Group revealed that Florida experienced the highest adjusted gross income net gain of any state at a staggering $39.2 billion, with a significant portion of that, about $9.8 billion, coming from New York transplants. Palm Beach County itself saw a net gain in adjusted gross income of $7 billion, the highest of any county nationwide, with approximately $1.1 billion coming from former New York City residents. The allure of Florida residency was further underscored by the fact that 27.7 cents of every dollar leaving Manhattan made its way to the Sunshine State, totaling about $4.6 billion.

79 $582,819,783 $5,007,000 $7,377,466 192 - $43,000,000 $1,200,000

174 $1,276,449,733

257 $3,370,717,674 $7,700,000 $13,115,633 111 87 $122,695,954 $1,375,000

98 $1,814,677,210

No. of Sales Sales Volume Median Average Average DOM Off Market Highest Sold Lowest Sold

58 $1,027,554,988

$5,431,000 $7,335,918 212 - $43,000,000 $1,302,500

$13,182,663 $18,517,114 98 17 $85,977,000 $3,200,000

$12,000,000 $17,125,916 147 7 $68,145,600 $3,200,000

home sales by price

2021

2022 34 32 26

2020

2019 35 18

2023 23 20 11

To potential buyers, my advice is simple: if you find a property you like and can afford, don’t delay - now is the time to make your move. The demand for properties in the Palm Beaches shows no signs of slowing down.

100 50 38

102 32 18

$5M to $10M $10M to $20M $20M to $50M $50 to $100M $100M+

It would be our pleasure to assist you in finding your perfect place in the Palm Beaches. Please don’t hesitate to reach out - we’re here to help you navigate this dynamic and thriving market.

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Best regards,

Median Sales Price 2023 Year Over Year

Contents

$20,000,000

$15,000,000

$15,050,000

$14,825,000

3 5 7 9

All Palm Beach Single Family Home Sales Single Family Homes: North End, Palm Beach Single Family Homes: In-Town, Palm Beach Single Family Homes Estate Section, Palm Beach

$13,865,000

$13,182,663

$12,000,000

$10,000,000

$9,425,000

$5,000,000

11 13

Condos: In-Town Palm Beach

Single Family Homes: El Cid, West Palm Beach

15 Single Family Homes: Northwood & Providencia Park, West Palm Beach 17 Single Family Homes: South End, West Palm Beach 19 Condos: Coastal West Palm Beach

2022

2023

2022

2023

2022

2023

3 Months

6 Months

12 Months

SOURCE : ALL DATA IS PULLED FROM THE PALM BEACH MLS, BEACHES MLS, AND THE PALM BEACH PROPERTY APPRAISERS (PAPA)

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NORTH END 2022 vs. 2023 Palm Beach

2023 Year OVER YEAR

PALM BEACH SINGLE FAMILY HOMES

% Change Q3 Year over Year

TOTAL

2022

2023

No. of Sales Sales Volume Inventory Med Sale Price Avg Sale Price Avg DOM Avg PPSF Avg Lot PPSF Off Market Highest Sold Lowest Sold No. of Sales Sales Volume Med Sale Price Avg Sale Price Avg DOM Avg PPSF Avg Lot PPSF Off Market

98 $1,841,827,210 184

58 $1,027,554,988 201

-40.82% -44.21% +9.00% -8.91% -8.87% +48.48% -10.58% +2.48%

% Change Year over Year

TOTAL

2022

2023

No. of Sales Sales Volume Inventory Med Sale Price Avg Sale Price Avg DOM Avg PPSF Avg Lot PPSF Off-Market Highest Sold Lowest Sold No. of Sales Sales Volume Med Sale Price Avg Sale Price Avg DOM Avg PPSF Avg Lot PPSF Off-Market No. of Sales Sales Volume Med Sale Price Avg Sale Price Avg DOM Avg PPSF Avg Lot PPSF Off-Market Highest Sold Lowest Sold

59 $1,017,590,622 104

29 $506,420,308 95 $10,250,000 $17,462,769 172 $3,024 $1,000 3 $68,145,600 $4,600,000

+50.85% -50.23% -8.00% -18.00% -1.25% +83.88% +9.62% 0.00%

$13,182,663 $18,794,155 99 $3,316 $1,127 18 $85,977,000 $3,200,000

$12,000,000 $17,125,916 147 $2,965 $1,155 7 $68.145,600 $3,200,000

$12,500,000 $17,247,299 93 $3,346 $1,000 11 $85,977,000 $6,200,000

- - -

WATERFRONT

14 $531,157,850 $34,900,000 $37,939,846 131

+30.00% -37.86% -17.1759%

20 $854,681,379 $42,137,500 $42,734,069 106

10 $421,664,750 $39,450,000 $42,166,475 108

8 $307,345,600 $29,950,000 $38,380,700 132

-20.00% -27.18% -24.08% -8.98% +22.24% -15.59% +1.74% - -61.22% -69.45% -21.52% -21.20% +103.64% -19.57% -9.16%

-11.22% +23.22%

$4,446 $1,585 3

-6.86% -4.11% -

$4,985 $1,653 6

$5,606 $1,438 3

$4,732 $1,463 4

NON- WATERFRONT

NON-WATERFRONT

49 $595,925,872 $11,500,000 $12,161,752 91 $2,931 $909 8 $31,800,000 $6,200,000

19 $182,074,708 $9,025,000 $9,582,879 185 $2,357 $826 1 $16,900,000 $4,600,000

-43.59% -52.79% -11.31% -16.31% +60.55% -13.73% +3.65%

Total No. of Sales Sales Volume Med Sale Price Avg Sale Price

78 $1,014,860,259

44 $479,097,138 $9,418,715 $10,888,571 157 $2,523 $1,033 4 $37,000,000 $3,200,000

$10,620,000 $13,011,029 97 $2,925 $997 12 $51,000,000 $3,200,000

Avg DOM Avg PPSF Avg Lot PPSF Off Market Highest Sold Lowest Sold

- - -

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NORTH END SALES

IN-TOWN 2022 vs. 2023 Palm Beach

SALES PRICE $170,000,000 $155,000,000 $68,145,600 $66,000,000 $50,000,000 $34,900,000 $25,000,000 $21,625,000 $21,375,000 $20,000,000 $16,900,000 $15,250,700 $14,000,000 $13,150,000 $13,000,000 $10,500,000 $10,250,000 $10,100,000 $10,100,000

ADDRESS

WATERFRONT Ocean Ocean

TOTAL SQ FT 26,115 27,947 11,706 17,032

PPSF $6,510 $5,546 $5,821 $3,875 $5,880 $8,351 $3,909 $3,154 $3,137 $3,731 $3,073 $3,427 $2,537 $2,931 $2,192 $2,329 $2,033 $3,180 $3,180 - $2,464 $1,899 $2,375 $1,745 $1,739 $1,739 $1,929 $1,884 $1,929 $1,204

LOT SQ FT 69,099 115,430

LOT PPSF $2,460 $1,343 $1,086 $1,852 $1,435 $3,490 $1,007 $1,483

589 N County Rd

108 Mediteranean

Intracoastal Intracoastal Intracoastal

62,753 35,631 34,848 10,001 24,834 14,583 35,551 26,525 12,650 10,890 18,757 12,065 12,632 10.395 11,325 10,969 10,890 14,000 12,632 10,454 10.019 11,022 10,000 10,000 9,400 10,019 10,479 11,326 11,217

149 E Inlet Dr

1350 N Lake Way

8,503 4,179 6,396 6,856 6,814 5,361 5,500 4,450 5,518 4,486 5,931 4,508 5,043 3,176 3,176 - 3,663 4,608 3,495 4,283 4,169 4,169 3,436 3,238 3,134 3,944 -

940 N Lake Way

% Change Year over Year

TOTAL

2022

2023

Ocean Ocean

107 Dolphin Rd

24 $282,772,266 51 $8,750,000 $11,782,178 114 $2,991 $1,209 3 $46,416,629 $3,200,000

23 $291,182,430 70 $9,237,430 $12,660,106 144 $2,608 $1,186 4 $37,000,000 $3,200,000

-4.17% +2.97% +37.00% +5.57% +7.45% +25.90% -12.79% -1.93%

1741 S. Ocean Blvd

Intracoastal Intracoastal Ocean

1246 N Lake Way

$601 $754

305 Indian Rd

960 N. Ocean Blvd

- - - - - - - - - - - - - - - - - - - - -

$1,336 $1,400 $746 $1,090 $1,029 $1,010

240 Mockingbird Trl

156 Seagate Rd

1186 N Ocean Wy

233 Miraflores Dr

- - -

271 La Puerta wy

218 Debra La

$905 $921 $927 $711 $714 $837 $828 $678 $725 $725 $705 $609 $577 $419 $410

220 Esplanade wy

WATERFRONT

209 Bermuda Ln

1 $46,416,629 $46,416,629 $46,416,629 -

1 $32,660,000 $32,660,000 $32,660,000 - $2,289 $623 1

0.00% -29.64% -29.64% -29.64% - -68.12% -79.07% - -4.35% +9.38% +6.90% +14.35% +25.90% -6.35% +6.99%

$9,950,000 $9,025,000 $8.750,000 $8,300,000 $7,475,000 $7,250,000 $7,250,000 $6,628,000 $6,100,000 $6,045,545 $4,750,000 $4,600,000

324 Eden Rd

260 El Pueblo Way

210 Osceola Wy

224 Bahama Ln

151 Seagate Rd

$7,180 $2,977 1

111 Reef Rd

259 Queens Ln

NON-WATERFRONT

209 List Rd

23 $236,355,637 $8,500,000 $10,276,332 114 $2,801 $1,133 2 $24,000,000 $3,200,000

22 $258,522,430 $9,086,215 $11,751,020 144 $2,623 $1,212 3 $37,000,000 $3,200,000

240 El Dorado Ln

205 Jamaica Ln

220 Abraham Rd

JUST SOLD

205 JAMAICA LANE Last asking $6,495,000 6 BD | 4 BA | 3,944 Total Sq Ft Lot: 11,378 Sq Ft Representing Seller & Buyer

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IN-TOWN SALES

ESTATE SECTION 2022 vs. 2023 Palm Beach

SALES PRICE $37,000,000 $32,660,000 $32,375,000 $16,200,000 $15,500,000 $14,350,000 $14,000,000 $14,000,000 $13,860,000 $12,500,000 $11,500,000 $9,237,430 $8,935,000 $8,120,000 $8,000,000 $7,500,000 $7,000,000 $6,200,000 $5,995,000 $5,275,000 $4,500,000 $3,275,000 $3,200,000

ADDRESS

WATERFRONT - Ocean

TOTAL SQ FT 7,798 14,268

PPSF $4,745 $2,289 $4,534 $2,341 $3,069 $2,690 $2,518 $2,398 $2,598 $2,341 $1,825 $3,455 $3,079 $1,830 $2,968 $2,520 $2,238 $2,330 $2,036 $2,484 $1,183 $2,180 $1,643

LOT SQ FT 25,539 52,424 17,860 14,523 14,810 8,560 10,019

LOT PPSF $1,449 $623

125 Wells Rd

280 N Ocean Blvd

- - - - - - - - - - - - - - -

7,140 6,921 5,050 5,535 5,560 5,839 5,535 5,340 6,300 2,674 2,902 4,436 2,695 2,976 3,128 3,374 2,944 2,124 2,390 1,502 1,948

$1,813 $1,115 $1,047 $1,676 $1,397 $1,797 $1,619 $1,196 $821 $660 $1,465 $777 $1,306 $910 $762 $1,396 $999 $1,507 $861 $1,170 $914

240 Clarke Ave

130 Cocoanut Row

% Change Year over Year

TOTAL

2022

2023

309 Chapel Hill Rd

229 Brazilian Ave (Ws)

15 $541,464,322 29 $31,670,000 $36,097,621 96

8 $229,952,250 36 $28,744,031 $12,660,106 107 $3,788 $1,623 0 $63,431,750 $9,600,000

-46.67% -57.53% +24.00% -20.37% +7.45% +11.59% +2.31% +9.52%

315 Cocoanut Row

7,789 8,560

401 Brazilian Ave

229 Brazilian Ave (Un.E)

10,454 14,000 14,000 6,098 10,454

345 Pendleton Ln

225 Wells Rd

239 Wells Rd

$3,702 $1,482 3

163 Seabreeze Ave

159 Australian Ave

- - -

6,125 8,241 9,188 4,440 6,000 3,500 5,227 2,800 3,500

315 Seaspray Ave

$72,850,000 $13,152,750

140 Atlantic Ave

350 Seabreeze Ave

WATERFRONT

254 N County Rd

9 $386,600,000 $47,000,000 $42,955,556 $630

5 $191,452,250 $41,382,500 $38,290,450 130.6

-- -50.48% -11.95% -10.86% -79.27% +7.20% +12.96% - -57.14% -81.30% -41.30% -56.36% -20.19% -14.43% -5.76%

335 Cocoanut Row

265 Park Ave

263 Park Ave

233 Oleander Ave

248 Park Ave

$4,121 $1,746 2

$4,418 $1,972 0

315 SEASPRAY AVE Last asking $8,000,000 4 BD | 4.1 BA | 2,695 Total Sq Ft Lot: 6,250 Sq Ft Represented both Seller & Buyer 159 AUSTRALIAN AVE Last asking $8,900,000 5 BD | 4.1 BA | 4,436 Total Sq Ft Lot: 10,454 Sq Ft Represented both Seller & Buyer JUST SOLD JUST SOLD

NON-WATERFRONT

7 $205,864,322 $23,850,000 $29,409,189 85.2

3 $38,500,000 $14,000,000 $12,833,333 68 $2,737 $1,041 0 $14,900,000 $9,600,000

$3,199 $1,104 2

- - -

$51,000,000 $13,152,750

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IN-TOWN CONDOS 2022 vs. 2023 Palm Beach

ESTATE SECTION SALES

LOT PPSF $726

SALES PRICE $63,431,750 $44,975,000 $41,382,500 $26,663,000 $15,000,000 $14,900,000 $14,000,000 $9,600,000

ADDRESS

WATERFRONT Ocean Ocean Ocean Ocean Intracoastal

TOTAL SQ FT 11,443 10,524

PPSF $5,543 $5,521 $5,240 $3,036 $2,750 $3,466 $2,604 $2,142

LOT SQ FT 87,336 21,163 19,268 7,714

854 S County Rd

$2,125 $2,148 $3,456 $1,405 $1,425

550 S Ocean Blvd

7,898 8,781 5,454 4,299 5,377 4,481

930 S Ocean Blvd

466 S Ocean Blvd

CONDOS $1M & UP

10,676 10,454 16,553 11,275

124 Monceau Ct

% Change Year over Year

2022 YoY

2023 YoY

- - -

125 Gulfstream Rd

$846 $851

168 Kings Rd

Total No. of Sales Sales Volume Med Sale Price Avg Sale Price

100 $389,589,301 $2,687,500 $3,895,893 87 $2,037 19 $18,600,007 $1,100,000

67 $297,004,511 $2,937,500 $4,367,713 125 $2,220 8 $18,900,000 $1,150,000

-33.00% -23.76% +9.30% +12.11% +43.87% +8.98%

125 Via Vizcaya

SOLD

Avg DOM Avg PPSF Off Market Highest Sold Lowest Sold

VIA VIZCAYA Last asking $25,000,000 3 BD | 5 BA | 6,619 Total Sq Ft Lot: 21,418 Sq Ft Represented the Seller

- - -

IN-TOWN CONDO SALES

SOLD

PPDF $4,239 $2,414 $2,236 $2,236 $1,630 $1,624

SALES PRICE $14,900,000 $14,850,000 $8,838,300 $3,850,000 $2,500,000 $2,275,000

ADDRESS

BUILDING

TOTAL SQ FT 3,480 3,728 3,020 1,722 1,534 1,401

EVERGLADE ISLAND Last asking $10,900,000 6 BD | 4.2 BA | 7,522 Total Sq Ft Lot: 15,700 Sq Ft Represented the Buyer

2 N Breakers Row, NPH4

Breakers Row

2 N Breakers Row, S45

Breakers Row

2 N Breakers Row, Unit NT2

Breakers Row

400 So. Ocean Blvd

Four Hundred So. Ocean Blvd

44 Cocoanut Row, Unit B418

Palm Beach Towers

434 Chilean Ave, Unit 2B

Eliot House

JUST SOLD

BREAKERS ROW Last asking $7,500,000 2 BD | 2.1 BA | 3,292 Total Sq Ft Representing the Seller

JUST SOLD

300 S OCEAN BLVD Last asking $6,495,000 2 BD | 2 BA | 2,212 Total Sq Ft Representing the Buyer

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EL-CID 2022 vs. 2023 west Palm Beach

coastal west palm beach

SINGLE FAMILY HOMES $1M & UP

% Change Year over Year

TOTAL

2022

2023

No. of Sales Sales Volume Med Sale Price Avg Sale Price Avg DOM Avg PPSF Avg Lot PPSF Off-Market Higest Sold Lowest Sold No. of Sales Sales Volume Med Sale Price Avg Sale Price Avg DOM Avg PPSF Avg Lot PPSF Off-Market No. of Sales Sales Volume Med Sale Price Avg Sale Price Avg DOM Avg PPSF Avg Lot PPSF Off-Market

54 $146,982,310

36 $111,947,478 $2,112,500 $3,109,652 91 $970 $308 2 $21,081,840 $1,010,000

-33.33% -23.84% -2.31% +14.25% +42.59% -1.62% +4.07%

$2,162,500 $2,721,895 64

$986 $296 8

- - -

$8,365,000 $1,070,000

WATERFRONT

2 $11,865,000 $5,932,500 $5,932,500 129.5 $1,404 $457 -

3 $32,700,190 $8,000,000 $10,900,063 137.5 $2,121 $530 1

50.00% +175.60% +34.85% +83.73% +6.18% +51.08% +15.93% - -36.54% -41.35% -7.81% -7.58% +44.65% -13.42% -0.65% -

NON-WATERFRONT

52 $135,117,310

33 $79,247,288 $1,947,500 $2,401,433 88

$2,112,500 $2,598,410 61

$970 $290 8

$840 $288 1

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NORTHWOOD & PROVIDENCIA PARK 2022 vs. 2023 west Palm Beach

EL CID SALES

LOT PPSF $354 $681 $729 $641 $652 $402 $554 $264 $252 $473 $275 $333 $247 $269 $284 $309 $250 $364 $193 $307 $247 $216 $283 $206 $130 $253 $215 $213 $234 $225 $227 $121 $169 $162 $151

ADDRESS

WATERFRONT Intracoastal Intracoastal

TOTAL SQ FT 5,899 4,628 4,227 4,209 4,614 4,832 3,956 4,608 2,611 2,016 3,662 5,846 2,596 1,957 2,613 2,678 3,124 2,890 4,572 1,852 1,358 2,780 1,808 3,124 5,058 1,852 2,305 1,930 1,513 1,687 2,011 3,026 1,624 1,512 1,761

PPSF $3,574 $1,874 $1,467 $1,423 $1,246

LOT SQ FT 59,568 11,753

SALES PRICE $21,081,840 $8,000,000 $6,200,000 $5,990,000 $5,750,000 $4,025,000 $3,618,350 $3,300,000 $3,150,000 $3,050,000 $3,050,00 $2,850,000 $2,797,500 $2,750,000 $2,600,000 $2,580,000 $2,395,000 $2,275,000 $1,950,000 $1,947,500 $1,855,000 $1,850,000 $1,795,000 $1,750,000 $1,650,000 $1,582,000 $1,441,288 $1,350,000 $1,304,400 $1,250,000 $1,150,000 $1,150,000 $1,125,000 $1,075,000 $1,010,000

3140 Washington Rd

2701 S Flagler Dr

- - - - Intracoastal

8,502 9,344 8,817 10,023 6,530 12,500 12,500 6.455 11,088 8,550 11,326 10,597 9,148 8,347 9,583 6,247 10,100 6,350 7,500 8.560 6,350 8,490 12,687

223 Sunset Rd

SINGLE FAMILY HOMES $1M & UP

300 Valencia Rd

% Change Year over Year

TOTAL

2022

2023

238 Monceaux Rd

$833 $915 $716

222 Monroe Dr

34 $85,123,000 $1,750,000 $2,503,618 37 $690 $218 9 $16,000,000 $1,000,000 3 $25,315,000 $6,000,000 $8,438,333 153.5 $1,111 $275 1

20 $37,780,300 $1,550,000 $1,889,015 122

-41.18% -55.62% -11.43% -24.55% +227.97%

3323 S Flagler Dr

- - - - - - - - - - - - - - - - - - - - - - - - - - - -

287 Valencia Rd

$1,206 $1,513

297 Valencia Rd

127 Westminster Rd

$833 $488

2739 S Olive Ave

$680 $214 -

-1.39% -1.62%

211 Valette

$1,078 $1,405

315 Sunset Rd

- - -

204 Valencia Rd

$3,175,000 $1,000,000

$995 $963 $767 $787 $427

217 Almeria Rd

204 Westminster Rd

WATERFRONT

224 Greenwood Dr

- - - - - - - -

309 Valencia Rd

- - - - - - - -

220 Walton Blvd

$1,052 $1,366

324 Edgewood Dr

300 Barcelona Rd

$665 $993 $560 $326 $854 $625 $699 $862 $741 $572 $380 $693 $711 $574

3211 Washington Rd

203 Westminster Rd

303 Buckingham Rd

232 Greymon Dr

6,250 6,700 6,350 5,572 5,563 5,064 9,525 6,650 6,650 6,701

312 Cordova Rd

NON-WATERFRONT

3017 Vincent Rd

31 $59,808,000 $1,690,000 $1,929,290 27

20 $37,780,300 $1,550,000 $1,889,015 122

317 Greymon Dr

-35.48% -36.83%

232 Marlborough Rd

326 Monceaux Rd

-8.28% -2.09% +349.71%

231 Walton Rd

308 Greymon Dr

$649 $212 8

$680 $214 -

320 Monroe Dr

+4.80% +0.97% -

308 Monroe Dr

315 Avila Rd

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NORTHWOOD/PROVIDENCIA PARK SALES

SOUTH END 2022 vs. 2023 west Palm Beach

LOT PPSF $383 $228 $200 $169 $507 $359 $185 $271 $194 $108 $221 $229 $229 $197 $180 $97

SALES PRICE $4,500,000 $3,175,000 $2,800,000 $2,750,000 $2,650,300 $2,500,000 $2,200,000 $1,900,000 $1,700,000 $1,550,000 $1,550,000 $1,500,000 $1,395,000 $1,200,000 $1,175,000 $1,100,000 $1,035,000 $1,000,000 $1,000,000

ADDRESS

WATERFRONT - - - - - - - - - - - - - - - - - - -

TOTAL SQ FT 4,252 4,323 2820 2,451 3,742 2,529 3,839 3,377 1,596 4,320 3,758 2,750 1,880 1,677 2,302 -

PPSF $1,058 $734 $993 $1,122 $708 $989 $573 $563 $1,065

LOT SQ FT 11,761 13,913 14,000 16,241

421 31st Street

229 10th St

234 10th St

3001 N Flagler Dr

5,227 6,969 11,900 7,000 8,750 14,375 7,000 6,545 6,098 6,098 6,534 11,287

233 8th St

SINGLE FAMILY HOMES $1M & UP

3075 N Flagler Dr

% Change Year over Year

TOTAL

2022

2023

512 32nd St

70 $203,041,793

47 $117,324,783 $1,775,000 $2,496,272 105 $783.21 $248.12 1 $12,500,000 $1,000,000

-32.86% -42.22% -26.04% -13.94% +98.25% -5.35% -13.05%

254 9th St

1010 N Olive

$2,400,000 $2,900,597 53

$359 $412 $545 $742 $716 $510 - $496 $641 $733

524 26th St

251 9th St

445 33rd St

$827.50 $285.35 14

410 34th St

400 28th St

- - -

426 30th St

$9,317,000 $1,000,000

218 33rd Ct

$132 $169 $168

2,088 1,560 1,364

7,841 5,900 5,950

301 34th St

421 28th St

WATERFRONT

512 33rd St

8 $39,866,250 $4,150,000 $4,983,281 119.5 $1,226 $422 2

1 $12,500,000 $12,500,000 $12,500,000 178 $1,806 $969 -

- -68.65%

SOLD - WATERFRONT

+201.20% +150.84% +48.95% +47.26%- +129.51% -

N FLAGLER DR Last asking $18,000,000 6 BD | 6.1 BA | 9,904 Total Sq Ft Lot: 19,326 Sq Ft Represented the Seller

NON-WATERFRONT

52 $163,175,543

46 $104,824,783

JUST SOLD

-25.81% -35.76% -23.98% -13.41% +129.83%

$2,277,000 $2,631,864 45

$1,731,000 $2,278,800 103

8TH ST Last asking $3,150,000 5 BD | 3.1 BA | 3,742 Total Sq Ft Lot: 5,227 Sq Ft Represented the Seller

$787 $268 12

$761 $232 1

-3.30% +0.97% -

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SOUTH END SALES

COASTAL CONDOS 2022 vs. 2023 west Palm Beach

LOT PPSF $969 $603 $655 $593 $268 $480 $333 $319 $428 $388 $386 $211 $205 $198 $275 $275 $219 $135 $198 $138 $125 $123 $281 $172 $186 $135 $176 $189 $122 $132 $170 $189 $196 $163 $150 $159 $146 $179 $150 $145

SALES PRICE $12,500,000 $6,150,000 $5,897,500 $5,600,000 $4,700,000 $4,609,000 $4,350,000 $4,140,820 $4,020,000 $4,018,063 $3,550,000 $2,600,000 $2,500,000 $2,450,000 $2,250,000 $2,100,000 $2,100,000 $1,875,000 $1,870,000 $1,850,000 $1,800,000 $1,775,000 $1,687,000 $1,676,000 $1,675,000 $1,600,000 $1,500,000 $1,500,000 $1,455,000 $1,350,000 $1,299,000 $1,275,000 $1,175,000 $1,175,000 $1,150,000 $1,135,000 $1,100,000 $1,081,000 $1,075,000 $1,060,000 $1,050,000 $1,050,000 $1,000,000 $1,000,000 $1,000,000

ADDRESS 6175 S Flagler Dr 240 Desota Rd 209 Elwa Pl 200 Murray Road 250 Miramar Way 235 Edmor Rd 230 Ellamar Rd 320 Murray Rd 226 Puritan Rd 146 Seville Rd 202 Palmetto Ln 300 Murray Rd 125 Worth Ct N 359 Palmetto St 310 Edmor Rd 127 Desota Rd 260 Edmor Rd 6707 Pamela Ln 267 Russlyn Dr 235 Summa St 317 Edmor Rd 245 Ellamar Rd 347 Plymouth Rd 327 Potter Rd 218 Elwa Rd 322 Colonial Rd 311 Maddock St 338 Palmetto St 251 Gregory Pl 249 Beverly Rd 223 Costello Rd 124 Gregory Pl 337 Nottingham Blvd 300 Lytle St 250 Alpine Rd 4110 Washington Rd 217 Bunker Rch. Rd 134 Rutland Blvd 322 Maddock St 323 Linda Ln 246 Ashworth St 397 Arlington Rd 316 Glenn Rd 375 Valley Forge Rd 340 Ellamar Rd

WATERFRONT Waterfront

TOTAL SQ FT 6,922 5,358 5,557 6,968 4,058 3,695 3,685 6,888 5,279 5,277 3,942 3,277 3,959 3,491 2,440 1,637 2,745 3,438 2,516 1394 4,490 2,393 2,290 1,910 2,322 2,597 1,605 2,451 2,136 3,580 1,492 1,610 1,603 2,334 1.205 2,554 1,750 2,251 1,636 1,405 1,225 1,774 1,917 2,874 2,089

PPSF $1,806 $1,148 $1,061 $804 $1,158 $1,247 $1,180 $601 $762 $761 $901 $793 $631 $702 $922 $1,283 $765 $545 $743 $1,327

LOT SQ FT 12,900 10,197

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

9,000 9,450 17,563 9,605 13,068 13,000 9,400 10,349 9,200 12,343 12,197 12,273 8,169 7,643 9,600 13,900 9,438 13,399 14,400 14,455 6,000 9,750 9,000 11,880

CONDOS $1M & UP

% Change Year over Year

2022 YoY

2023 YoY

Total No. of Sales Sales Volume Med Sale Price Avg Sale Price

80 $211,320,361 $1,600,431 $2,641,505 65 $1,098 15 $12,025,000 $1,000,000

87 $261,196,141 $1,947,500 $3,037,164 120 $1,212 16 $21,000,000 $1,000,000

+8.75 +23.60% +21.69% +14.98% +85.04% +10.42%

Avg DOM Avg PPSF

Off-Market Highest Sold Lowest Sold

- - -

COASTAL WPB CONDO SALES

$401 $742 $737 $878 $721 $616 $936 $612 $681 $377 $871 $792 $733 $503 $954 $444 $629 $480 $657 $754 $857 $592 $522 $348 $479

SALES PRICE $7,850,000 $5,500,000 $3,600,000 $3,100,000 $2,836,700 $2,750,000 $2,125,000

ADDRESS

BUILDING

TOTAL SQ FT 4,683 3,158 1,516 1,516 2,400 2,109 2,062

PPDF $1,676 $1,742 $2,375 $2,045 2,400 $1,304 $1,031

200 Arkona Ct, Unit 24H

La Clara

200 Arkona Ct, Unit 701

La Clara

200 Arkona Ct, Unit 1602

La Clara

8,506 7,920

200 Arkona Ct, Unit 1102

La Clara

400 N Flagler Dr, Unit 1206

Waterview Towers

11,899 10,192

400 N Flagler Dr, Unit 1905

Waterview Towers

801 S Olive Ave, Unit 1409

One City Plaza

7,646 6,750 6,007 7,223 7,650 7,126 7,516 6,037 7,148 7,296

JUST SOLD

LA CLARA Last Asking $5,895,000 3 BD | 3.1 BA | 4,311 Total Sq Ft Represented the Seller

$98 $75 $83 $88 $103

10,691 13,996 12,000 11,330 9,750

JUST SOLD

THE PLAZA Last asking $1,500,000 2 BD | 2 BA | 1,927 Total Sq Ft Represented the Seller

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#127 Nationwide

#2 Compass FL

#29 Florida

#6 Palm Beach

*Wall Street Journal | Real Trends Ranked by Individual Sales Volume 2023

Please give me a call for more details on exclusive off market opportunities.

ELIZABETH DEWOODY 561.308.0931 elizabeth.dewoody@compass.com www.elizabethdewoody.com

Compass is a licensed real estate broker and abides by Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.

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