A newly built house in Boca Raton’s Royal Palm Yacht & Country Club led luxury home contracts in Palm Beach County for the week ending Nov. 9, according to a report from Douglas Elliman’s Eklund-Gomes team. The area is known as the city’s most expensive neighborhood.
Between Nov. 3 and Nov. 9, buyers signed ten contracts for luxury properties in the county, with a combined asking price of $67.7 million. These homes spent an average of 84 days on the market before going under contract. This was fewer than the previous week, when fourteen contracts were signed totaling $85.1 million.
The report tracks single-family homes and condos listed at $3 million or more in the Beaches MLS. Last week saw 62 new listings and a total of 1,166 active listings on the market.
Of last week’s pending sales, nine were single-family homes and one was a condo priced at $3.4 million ($852 per square foot), which spent 60 days on the market.
Single-family homes that went under contract had an average asking price of $7.2 million and averaged 107 days on the market.
The highest-priced home to find a buyer was located at 290 Sabal Palm Terrace in Boca Raton’s Royal Palm Yacht & Country Club community, with an asking price of $9 million for its 6,700 square feet. The sellers, Robert and Robyn Morgan, purchased the quarter-acre property for $3.5 million in 2022 and completed construction in 2023. The home features six bedrooms, six bathrooms, one half-bathroom, and a pool.
Originally listed for $10 million in April, Zillow records show that its price was reduced twice before reaching its current asking price of $9 million. David Roberts with Royal Palm Properties holds the listing; he is recognized as the top-ranked agent in The Real Deal’s 2025 Palm Beach County broker ranking.
