An oceanfront mansion in Palm Beach asking $45 million led signed contracts in the county last week.
Buyers signed 14 contracts between June 2 and June 8 for luxury properties in Palm Beach County, according to a market report authored by Douglas Elliman’s Eklund-Gomes team. The properties totaled $134.5 million in asking volume, and averaged 220 days on market, the report shows. The report tracks listings of single-family homes and condos asking $3 million and up that are included in the Beaches MLS.
The report identified 38 new luxury listings, in addition to the 1,152 luxury homes already on the market.
The report shows 12 single-family homes and two condos that went into contract last week.
The condos that went into contract accounted for $7 million in asking volume. They averaged $2,183 per square foot. The single-family homes made up $127.5 million of the asking volume in contract, and averaged $1,446 per square foot.
The 8,200-square-foot mansion at 1742 South Ocean Boulevard asking $45 million topped the list of signed contracts. Records show the seller is Anthony Lomangino, a waste management mogul that Politico identifies as a Mar-a-Lago Club member and major GOP donor. Lomangino bought the 0.6-acre property for $10 million in 2020 and completed the six-bedroom mansion in 2024, according to property records. It has seven bathrooms, one half-bathroom, a pool and beach access, records and the listing show.
Christian Angle with Christian Angle Real Estate has the listing.
Lomangino and his wife, Lynda Lomangino, have the nearby oceanfront mansion at 1620 South Ocean Boulevard homesteaded, according to property records. They bought the 0.7-acre estate for $12.7 million in 2019.
The second most expensive listing to find a buyer was the 8,900-square-foot waterfront mansion at 190 Northeast 5th Avenue in Boca Raton asking $20 million. Seller Richard Templer owns the thoroughbred racing stable Doubledown Stables. He and his wife, Diane Templer, bought the mansion for $12.2 million in 2019. Completed that year, it spans 0.7 acres, with five bedrooms, seven bathrooms, two half-bathrooms, a wine room, pool and dockage for two 80 foot yachts, records and the listing show.
Joe Liguori with Premier Estate Properties has the listing.
Records show the Templers were the hidden buyers of a $28.5 million waterfront spec mansion in Boca Raton’s gated Royal Palm Yacht & Country Club in July of last year.
