The top luxury contract in Palm Beach County this week is a waterfront spec mansion poised to shatter the Boca Raton single-family price record.
Buyers signed 25 contracts between April 27 and May 3 for luxury properties in Palm Beach County, according to a report by Douglas Elliman’s Eklund-Gomes team. That’s up from the 20 contracts buyers signed for $137.2 million the previous week.
The homes that went pending last week total $242.3 million in asking dollar volume and averaged 99 days on the market.
The report tracks signed contracts for single-family homes and condos asking $3 million or more in the Beaches MLS. It identified 34 new listings, and 1,199 active listings on the market.
Of the properties that went pending last week, 20 were single-family homes, and five were condos. The average asking price for the condos was $6.9 million, or $2,044 per square foot. They spent an average of 83 days on the market.
The average asking price for the single-family homes was $10.4 million, or $1,536 per square foot, and they spent an average of 114 days on the market.
The most expensive home to find a buyer last week is the 18,300-square-foot megamansion at 2500 East Maya Palm Drive in Boca Raton’s gated Royal Palm Yacht & Country Club, asking $80 million. The sellers are developers Steve and Scott Dingle, the brothers at the helm of luxury spec firm SRD Building.
A sale anywhere near the asking price would shatter the Boca Raton price record, which the Dingle siblings set when they bought the site for $36 million in 2024. The brothers bought a 1.7-acre teardown estate and split it into two parcels, records show. The home at 2500 East Maya Palm Drive mansion sits on 0.8 acres and has 292 feet of waterfront, eight bedrooms, 10 bathrooms, five half-bathrooms, a wellness wing, fitness center, club room, golf simulator and game room, the listing shows.
They completed the home this year and listed it for $80 million in April, Zillow shows. David Roberts with Royal Palm Properties has the listing.
The next priciest listing to go pending was the 6,000-square-foot home at 242 Wells Road in Palm Beach, asking $23.5 million. Records show the seller is Canadian businessman Pierre Beland, who bought the half-acre property for $3.6 million in 2004. He completed the four-bedroom, six-bathroom house in 2006, property records show.
He listed it for $26.5 million in October, and dropped the price in March, Realtor.com shows. Paula Wittmann with William Raveis Real Estate has the listing.
