The top two sales from October 2022 in the coastal Boca Raton market were both from Royal Palm Yacht & Country Club. Our top sale was a new construction, stunning 8,000+ sqft waterfront modern estate home that traded for $25,750,000 or over $3,000 per sqft. Our other Royal Palm home traded for $6.M or $1,031 per sqft - much closer to the average price per square foot for the area. The majority of homes from the top ten were on the market in less than 10 days, showing the velocity of our local real estate market continues to outpace historical averages. 40% of the homes on the list are oceanfront condos, including two from buildings built in the 1970s. The majority of the homes on our list are smaller in size, with three and two-bedroom offerings dominating 70% of the list. There are 182 luxury homes listed on the market on the MLS (Multiple Listing Service) as of November 2, 2022, with 36 coming to market in the last 30 days; a 20% increase over the same period last year.
As we approach the high season, we expect to see the number of homes coming to market increase as well as the number of sales each month. If you are considering listing your home, call or text me for a confidential conversation.
500 E Alexander Palm Road
5 beds | 7 baths | 8,287 sq. ft.
$25,750,000
2296 Acorn Palm Road
5 beds | 5.5 baths | 6,203 sq. ft.
$6,400,000
200 SE Mizner Blvd E 707
2 beds | 3.5 baths | 2,718 sq. ft.
$3,450,000
775 NE 39th Street
3 beds | 3.5 baths | 2,600 sq. ft.
$3,076,844.95
1 N Ocean Blvd 506
2 beds | 2.5 baths | 3,088 sq. ft.
$2,400,000
500 S Ocean Boulevard 2101
2 beds | 2 baths | 1,479 sq. ft.
$2,200,000
5288 Boca Marina Circle S
3 beds | 3 baths | 2,587 sq. ft.
$1,851,000
2600 S Ocean Blvd 20-F
3 beds | 2.5 baths | 2,134 sq. ft.
$1,825,000
4101 N Ocean Blvd D-901
3 beds | 3 baths | 2,319 sq. ft.
$1,710,000