Developer Aldo Stark has secured a buyer for his Stone Creek Ranch mansion, which was listed at $45 million. This sale represents the highest-priced luxury contract signed in Palm Beach County during the week of September 15 to September 21.
According to a market report from Douglas Elliman’s Eklund-Gomes team, there were 11 contracts signed for luxury properties in Palm Beach County that week. The total asking dollar volume for these homes reached $103.9 million, with an average of 72 days on the market. This is an increase compared to the previous week, when the same number of homes had a combined asking dollar volume of $53.6 million.
The report tracks contracts for single-family homes and condos listed at $3 million or more in the Beaches MLS. It also noted that there were 37 new listings added during the week, bringing the total number of active listings to 1,017.
Of last week’s pending sales, nine were single-family homes and two were condos. The condos had an average asking price of $8.8 million ($1,499 per square foot) and spent about 31 days on the market. Single-family homes accounted for $95.1 million in asking dollar volume and averaged 114 days on the market, with an average asking price of $10.6 million.
The most expensive property under contract is Stark’s mansion at 9200 Rockybrook Way in Stone Creek Ranch, a gated community near Delray Beach in unincorporated Palm Beach County. Stark purchased this 17,800-square-foot estate in January for $26 million from the Cafaro family of Ohio; William M. Cafaro, now deceased, was known as a pioneer of American malls. Built in 2017 on a 2.7-acre lot, the estate features seven bedrooms, ten bathrooms, two half-bathrooms, a theater, wine room, gym and sauna in its main house; it also includes a guest house, pool and cigar lounge.
Stark listed the property for sale at $45 million in March; Senada Adžem with Douglas Elliman holds the listing.
The second-highest priced home to find a buyer last week was located at 13209 Rolling Green Road—a waterfront property listed at $8.5 million near North Palm Beach in unincorporated Palm Beach County. The seller is Dr. Gregory Delange, a cosmetic surgeon based in West Palm Beach who bought it for $6.8 million last year according to public records. Built in 2014 on a 1.2-acre lot with five bedrooms and five bathrooms (plus two half-bathrooms), this home features a pool and dock along with 135 feet of frontage on the Intracoastal Waterway.
This property initially came onto the market last year with an asking price of $12.5 million; Michael Ivancevic with Illustrated Properties has that listing.
