Palm Beach County’s buyers are on summer vacation, and they’re signing fewer contracts for luxury homes.
Buyers signed just seven contracts between June 23 and June 29 for luxury properties in Palm Beach County, according to a market report authored by the Eklund-Gomes team at Douglas Elliman. Last week’s contracts totaled $43.2 million in asking volume, and averaged 177 days on market. That’s down from 12 signed contracts totaling $73.6 million in asking volume the previous week.
The report tracks signed contracts for single-family homes and condos asking $3 million and up in the Beaches MLS. It identified 25 new listings, and a total of 1,093 active listings on the market.
Among the properties that went into contract last week, six were single-family homes and one was a condo. The condo that went pending was asking $5.6 million, or $1,722 per square foot, and spent 277 days on the market.
Combined, the single-family homes accounted for $37.7 million in asking volume and averaged 77 days on market.
The most expensive listing to find a buyer was the nearly 8,200-square-foot Admirals Cove mansion at 158 Spyglass Lane in Jupiter asking $10 million. Records show the seller is Kathy Horwitz, the widow of Don Horwitz, the longtime owner of Southern Services Corporation. He died in 2023, according to his obituary. The couple bought the half-acre waterfront home for $2.2 million in 2010, property records show. The mansion was built in 1990 and has five bedrooms, five bathrooms, two half-bathrooms, 100 feet of waterfront, a dock, pool, theater and library, and a two-bedroom, two-bathroom guest house, according to records and the listing.
Horwitz listed the home for $13.5 million in February, Zillow shows. Bella Walpole and Edward Allen Moye with Keller Williams Realty had the listing.
The second priciest home to go into contract was the 3,800-square-foot house at 259 Barcelona Road in West Palm Beach’s El Cid neighborhood, asking $8 million. Records show the seller is GoPro’s Chief Technology Officer Stephen Baumer, who is a cousin of the company’s founder, Nick Woodman. Baumer bought the home for $1.5 million in 2014, the year GoPro completed its initial public offering, records show. Built in 1925 on 0.2 acres, the home has four bedrooms, three bathrooms, one half-bathroom, a pool and a one-bedroom, one-bathroom guest house, according to records and the listing.
Baumer listed it for $8 million in May, Zillow shows. Simon Isaacs with Simon Isaacs Real Estate had the listing.
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