Going through 150 toes of oceanfront, a brand new property constructed on property as soon as owned by former President Donald Trump set a Palm Seashore value file when it bought in February for $122.7 million. Dealing with the client’s facet was dealer Ryan Serhant of Serhant, who labored in collaboration with agent Christopher Leavitt of Douglas Elliman Actual Property.

Whew! A rush of big-dollar actual property offers in Palm Seashore has made 2021 a 12 months for the file books.

By the tip of September, residential gross sales on this rich city had totaled an estimated $3.3 billion, setting a brand new nine-month file.

And 6 of these offers broke particular person city value data in numerous property classes.

A market on hearth: Palm Seashore actual property ‘extremely sizzling,’ with $3.3 billion in gross sales thus far this 12 months

$85 million and up: Listed here are the Prime 10 costliest properties ever bought in Palm Seashore

Right here’s a rundown of the six gross sales that set the bar larger this 12 months on this rich South Florida city sandwiched between the Atlantic Ocean and the Intracoastal Waterway, which is thought to locals merely as “the lake.”

A $122.7 million record-setter for a brand new beachfront mansion

Bought in February, a just-completed — and furnished — beachfront mansion on 2 acres at 535 N. County Street was not solely the costliest single-family residence ever bought in Palm Seashore, but it surely additionally probably set a Florida value file. Sources stated about $133 million truly modified arms for the contemporary-style home developed on hypothesis, though the worth documented on the courthouse was decrease.

The restricted legal responsibility firm that purchased the property was linked to private-equity specialist Scott Shleifer, a associate at Tiger International Administration, in keeping with sources aware of the transaction.

Largest deal ever: Bought for $122.7 million, seaside ‘spec’ home units new file in Palm Seashore

The North Finish mansion was bought by an possession entity linked to its developer, Mark Pulte of Boca Raton-based Mark Timothy Inc. Dealer Lawrence Moens of Lawrence A. Moens Associates held the itemizing and had an possession stake within the growth of the home.

Going through 150 toes of shoreline, mansion stands on 2-acres. The lot was certainly one of three carved from a 6.2-acre property that former President Donald Trump bought in 2008 — eight years earlier than his election — for a recorded $95 million, in what was then a record-setting deal.

The home and its separate visitor home have a complete of 9 bedrooms and 21,066 sq. toes of residing area, in and out.

The oceanfront Palm Beach house that sold for a record-setting $122.7 million in February was developed on speculation at 535 N. County Road. Its oceanfront pool serves as a focal point for many of the rooms.

The oceanfront Palm Seashore home that bought for a record-setting $122.7 million in February was developed on hypothesis at 535 N. County Street. Its oceanfront pool serves as a focus for most of the rooms.

A $106 million record-setter for an ocean-to-lake property

In June, Dr. Ernst Arnold Langner and his spouse, Nataly, bought their custom-built property at 1840 S. Ocean Blvd. to a belief. The sale of their property on Billionaires Row was the second highest-dollar transaction ever recorded on Palm Seashore in addition to the costliest sale of an ocean-to-lake property on the island that was documented as a single transaction.

Ocean-to-lake stunner: EXCLUSIVE: Sale of sea-to-lake property hits $109 million in Palm Seashore

Accomplished in 2014 with an L-shaped ground plan, the previous Langner property has tropical-inspired structure, 9 bedrooms and 29,422 sq. toes of residing area, in and out. The home presides over a 2.66-acre lot with about 270 toes of frontage on the Intracoastal Waterway and the identical quantity of beachfront.

A estate built by Dr. Ernst A. Langner and his wife, Nataly, at 1840 S. Ocean Blvd. set a Palm Beach ocean-to-lake price record when it sold in June for a recorded $109.625 million. Broker Lawrence Moens of Lawrence A. Moens associates represented both sides.

A property constructed by Dr. Ernst A. Langner and his spouse, Nataly, at 1840 S. Ocean Blvd. set a Palm Seashore ocean-to-lake value file when it bought in June for a recorded $109.625 million. Dealer Lawrence Moens of Lawrence A. Moens associates represented either side.

An $85 million record-setter on the lake (and a personal island, no much less)

In July, Palm Seashore’s solely personal island — 10 Tarpon Island, simply east of Everglades Island within the Property Part — set a lakefront file when it bought in an off-market deal to an actual property funding group headed by developer Todd Michael Glaser.

The sellers had been personal investor William Toll and his spouse, Eileen.

Massive island sale:: Personal island sells for $85 million in Palm Seashore, purchaser says

The island quickly was again available on the market. It was listed “as is” in October at $125 million and, in a separate itemizing, at $210 million with a serious renovation-and-addition mission deliberate for the Thirties-era home there. The latter value set a file of its personal as the costliest itemizing in Palm Seashore ever to enter the a number of itemizing service.

In all, the oblong island has about 1,300 toes of frontage on the Intracoastal Waterway. In-built 1939, the home there has 5 bedrooms and 12,321 sq. toes, property data present. The property additionally has a swimming pool, a personal dock and a lighted tennis court docket, the latter a rarity in Palm Seashore.

Seen in the foreground is Tarpon Island, a private island in Palm Beach that sold in July to an investment group headed by developer Todd Michael Glaser for $85 million, the highest price ever paid for a lakefront property in Palm Beach. Glaser as won town approval to demolish a portion of the existing 1939 residence on the island and build an 18,000-square-foot two-story addition. Agent Frisbie of the Corcorean Group was the lead agent representing the sellesr, and agent Jim McCann of Premier Estate Properties was the lead representative for the buyer.

Seen within the foreground is Tarpon Island, a personal island in Palm Seashore that bought in July to an funding group headed by developer Todd Michael Glaser for $85 million, the best value ever paid for a lakefront property in Palm Seashore. Glaser as received city approval to demolish a portion of the present 1939 residence on the island and construct an 18,000-square-foot two-story addition. Agent Frisbie of the Corcorean Group was the lead agent representing the sellesr, and agent Jim McCann of Premier Property Properties was the lead consultant for the client.

A $42 million record-setter for a vacant lot on the lake

In February, Matrix Necessities hair-and-beauty merchandise co-founder Sydell Miller bought the vacant lakefront lot that remained after she cut up aside her ocean-to-lake property in late 2019 by promoting her seaside mega-mansion for a recorded $105 million. The sale of 1440 S. Ocean Blvd. marked the costliest transaction for a vacant lot ever in Palm Seashore.

A belief named after the property’s tackle was on the client’s facet of the lot, which measures 1.7 acres and fronts 246 toes of waterfront.

Beauty products entrepreneur Sydell Miller in February sold, for a record-setting $42 million, a vacant lot (outlined in red) at 1440 S. Ocean Blvd., which once was part of her ocean-to-lake estate on Palm Beach's Billionaires Row. Broker Lawrence Moens of Lawrence A. Moens handled both sides of the sale.

Magnificence merchandise entrepreneur Sydell Miller in February bought, for a record-setting $42 million, a vacant lot (outlined in purple) at 1440 S. Ocean Blvd., which as soon as was a part of her ocean-to-lake property on Palm Seashore’s Billionaires Row. Dealer Lawrence Moens of Lawrence A. Moens dealt with either side of the sale.

A $29.6 million record-setter for a townhouse going through the ocean

A never-lived-in townhouse bought privately in September for a record-setting value at 470 S. Ocean Blvd. on an oceanfront parcel that preciously was the location of the previous Charley’s Crab restaurant.

Massive townhouse deal: Townhome bought for $29.6M units file at previous Charley’s Crab website in Palm Seashore

The townhome was the second to promote of 4 side-by-side items developed by Palm Seashore-based Frisbie Group. Agent Suzanne Frisbie, a principal in her household’s growth agency and an actual property agent on the Corcoran Group, represented her household as the vendor of the townhouse. She negotiating reverse Brown Harris Stevens agent Briggs Heyniger, whose The client was a belief.

With a personal pool, the five-bedroom townhouse has 9,938 whole sq. toes, together with the bottom degree, the second ground and a completed basement.

Seen at the left, a never-lived-in oceanfront townhouse at 470 S. Ocean Boulevard broke a record for sales of Palm Beach townhomes when it changed hands for $29.6 million in September.  Agent Suzanne Frisbie of the Corcoran Group represented the Frisbie Group as the seller, negotiating opposite Brown Harris Stevens agent Briggs Heyniger.

Seen on the left, a never-lived-in oceanfront townhouse at 470 S. Ocean Boulevard broke a file for gross sales of Palm Seashore townhomes when it modified arms for $29.6 million in September. Agent Suzanne Frisbie of the Corcoran Group represented the Frisbie Group as the vendor, negotiating reverse Brown Harris Stevens agent Briggs Heyniger.

A $17.68 million record-setter for a condominium with extensive ocean views

When this oceanfront penthouse, No. 4S at 2 N. Breakers Row, bought on Monday, the three-bedroom unit set not only a gross sales value file but in addition a file for the best quantity ever paid per sq. foot for a condominium on the town. The client paid $4,250 per sq. foot for the residence primarily based on its whole sq. footage of 4,160 sq. toes.

With a broad balcony and wide ocean views, Penthouse 4S in the south building at 2 N. Breakers Row sold for a recorded $17.68 million in November 2021, setting a condo price in Palm Beach. Agent Christopher Deitz of Compass Florida represented the seller, while agent 
Alison Newton of Douglas Elliman Real Estate handled the buyers’ side.

With a broad balcony and extensive ocean views, Penthouse 4S within the south constructing at 2 N. Breakers Row bought for a recorded $17.68 million in November 2021, setting a condominium value in Palm Seashore. Agent Christopher Deitz of Compass Florida represented the vendor, whereas agent Alison Newton of Douglas Elliman Actual Property dealt with the consumers’ facet.

With extensive ocean views, the condominium sale broke the worth file set in 2013 when a double penthouse bought privately for 17.45 million at lakeside Il Lugano on the opposite facet of the island.

Report-setting condominium: $17.68 million penthouse sale units new file in Palm Seashore

The vendor of the condominium at 2 N. Breakers Row was Shirley Fennell, who acted as trustee of a belief, property data present. Fennell had shared the condominium along with her late husband, Massachusetts businessman and pharmaceutical entrepreneur J. Richard Fennell, who died in 2015.

On the consumers’ facet had been Deborah A. Turner as trustee of a revocable belief; and the Turner 2021 Household Belief, for which Pinnacle Financial institution of Nashville, Tennessee, serves as trustee. Longtime banker M. Terry Turner has served as president and CEO of Pinnacle Monetary Companions, the father or mother of Pinnacle Financial institution, since its founding in 2000, in keeping with its web site.

Earlier than it bought, the condominium had set a value file of a unique kind when it was listed in September for $19.995 million as the costliest Palm Seashore itemizing ever within the a number of itemizing service.

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Darrell Hofheinz is a USA TODAY Community of Florida journalist. Assist assist our journalism. Subscibe right this moment.

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This text initially appeared on Palm Seashore Day by day Information: Which 6 actual property gross sales broke value data in Palm Seashore this 12 months?