Palm Beach’s luxury real estate market is buzzing with activity, featuring a prominent lakeside estate listed for $34.95 million and a recently sold townhouse for $12 million. These transactions highlight the continued demand for high-end properties in the exclusive South Florida enclave.
Lakeside Estate Lists for $34.95 Million
A five-bedroom, five-and-a-half-bath home on Everglades Island has hit the market for $34.95 million. The property, located at 751 Island Drive, boasts 110 feet of Intracoastal Waterway frontage and 5,550 square feet of living space. The estate, owned by the late Richard and Pat Johnson, is situated on approximately four-tenths of an acre and offers expansive sunset views.
Key Features of the Lakeside Estate:
- Five bedrooms, five and a half bathrooms
- 5,550 square feet of living space
- 110 feet of Intracoastal Waterway frontage
- Two fireplaces
- Ground-floor primary bedroom suite
- Boat lift
- Courtyard entry and a reversed "U" layout
- Terraces with waterway views
The Johnson family, who are fifth-generation Floridians, are selling the home their parents cherished. The property was purchased in 1994 and has been well-maintained, including updates to the seawall, dock, and boatlift. The home’s design allows it to live like a one-story residence, a feature the previous owners particularly appreciated.
Townhouse on Sunset Avenue Sells for $12 Million
In another significant transaction, a three-bedroom townhouse at 180 Sunset Ave. has sold for $12 million. This sale marks the second high-value deal on the same street within a short period, following the sale of a neighboring townhouse for $11.7 million.
Details of the Townhouse Sale:
- Address: 180 Sunset Ave., Palm Beach
- Sale Price: $12 million
- Bedrooms: Three
- Living Space: 4,755 square feet
- Features: Fireplace, wet bar, loggia, private pool, elevator
The buyer is Ashmont Capital LLC, a Wyoming-registered limited liability company with ties to Wood Partners, a developer of multifamily residences. The townhouse, part of a Georgian-style duplex built in 2016, offers luxurious finishes and amenities, including a loggia overlooking a private pool.
This sale, along with the recent transaction at 175 Sunset Ave., underscores the strong market for townhomes in Palm Beach’s desirable North End. The two sales on Sunset Avenue, though close in proximity and timing, were reportedly unrelated.
Sources
- Palm Beach lakefront home for sale at $34.95M on Everglades Island, Palm Beach Daily News.
- Palm Beach townhome sold for $12M is second recent deal on same street, Palm Beach Daily News.