Townhouse

Townhouse-like condo in Palm Beach, Florida sells for record $18.6 million


A townhouse-like condominium in Palm Beach, Fla., sold for $18.6 million this week, making it the city’s most expensive condo unit, according to the listings service. multiple.

Located in the Palazzo Villas, a luxury development with just four units, the residence has 5,098 square feet of living space with four bedrooms and six bathrooms, according to the listing with James McCann of Premier Estate Properties.

The interior of the house was designed and furnished by Marc Michaels, a renowned interior designer for luxury homes and yachts. Outside, the unit includes a private heated pool with a spa, a summer kitchen with a gas grill and covered loggia, and a two-car garage, according to the listing.

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It was originally listed at $18.9 million last September, and the price was raised to $19.5 million in February. The sale closed earlier this week for $18.6 million, according to listing records.

Buyer’s agent, Margit Brandt of Premier Estate Properties, said “the townhouse-style condo is completely turnkey, making it perfect for [the buyer].” She refused to disclose the identity of her client.

The transaction has not yet appeared on the property records.

The seller, a limited liability company, bought the home for less than $12 million about a year ago, property records show.

According to the listing agent, Mr. McCann, the house had never been lived in before.

“Not only is the house beautiful, but the location is unmatched. It’s walking distance to shops, restaurants, and the beach, but still feels like a private Palm Beach retreat,” he said. .

The sale price set a new condo price record for Palm Beach, which has seen growing demand from the nation’s wealthiest to move out since the pandemic. The previous price record was set in March by another unit in the same development, which sold for $17.8 million, according to the multiple listings service.

The Palm Beach Daily News reported the sale for the first time.



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