Recent Sale at Parc Regent Shows Luxury Condo Market in Palm Beach is Alive & Well
Think the luxury condo market in Palm Beach County is cooling down? Think again. Earlier this month, Palm Beach saw its largest condominium transaction in dollar volume in more than a year unfold—a double unit in the exclusive Parc Regent building that sold for $8.31 million.
A 4-bedroom condo with almost 8,000 square feet, a private elevator entrance, and direct views of the Intracoastal Waterway, this particular unit, which was originally listed back in January for $11 million, was the highest price paid for a Palm Beach condo since the sale of a $14 million unit over at II Lugano at 300 Seminole Ave.
To date, Palm Beach’s largest condo sale was also at II Lugano, a penthouse unit that traded for $17.45 million back in 2013.
Like Il Lugano, the Parc Regent is a full service building that offers some incredible resort-style amenities, which include a swimming pool and large deck area with cabanas, tennis courts, a state-of-the-art fitness center, and of course a waterfront location that affords some of the most spectacular views you’ll find of any building on the island.
So with home sales of $1 million and over up 13% from this time last year, it seems activity on the Palm Beach real estate market is certainly contributing to those numbers, showing that the luxury market here is as busy as ever.
If you're in the market for a luxury home or condo for sale in Palm Beach, give one of our luxury Palm Beach real estate pros a call today to discuss all your home buying goals, or simply start browsing some of Palm Beach's most expensive condos currently on the market below:
- 1,298 SqFt
BELVEDERE WEST INDUSTRIAL PARK CONDO
Elliot Paul & Company
MLS® #RX-10982338
