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Community Statistics

 

Palm Beach Homes *

Updated 02/05/12
Avg sold price
Avg days on market
Properties on market *
Sold % of ask price
Avg sold price/Sq Ft
2011
$1.20M
260
817
83%
$365
2012
$1.04M
273
680
82%
$407
%Diff
13%
5%
17%
1%
12%
-13% change from $1.20M to $1.04M
Feb 2011 to Feb 2012
+5% change from 260 to 273
Feb 2011 to Feb 2012
-17% change from 817 to 680
Feb 2011 to Feb 2012
-1% change from 83% to 82%
Feb 2011 to Feb 2012
+12% change from $365 to $407
Feb 2011 to Feb 2012

Percentages reflect change

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* MLS data includes Temporarily Off Market listings

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Palm Beach Homes Real Estate & Homes for Sale

About Palm Beach Homes
This is a little history on Palm Beach homes for sale and Palm Beach Real Estate. Palm Beach, Florida was pretty much founded by Henry Morrison Flagler in the early 1890s when he built his first hotel on Palm Beach, the 1100-room Hotel Royal Poinciana on the west side of the island, the largest wooden structure in the world which soon became the largest resort in the world at the time. A couple of years later in 1896 Flagler built the Palm Beach Inn on the ocean side of the island, renaming it The Breakers in 1901.

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Being one of the co-founders of Standard Oil, along with John D. Rockefeller, Flagler's wealth gave him all of the right connections to sell his new paradise in Florida to the wealth set of his time. He also owned the Florida East Coast Railway, which was the only comfortable way to get south of Jacksonville and St. Augustine at that time.
 
In order to service the ever-growing population of wealthy patrons, Flagler designed and built West Palm Beach, across the lake from Palm Beach, a place where the servants could live out of sight and out of mind. Up until that time most of the servants, had lived in a small area known at the Styx, which was owned by the wealthy landowners who rented these places to their own servants to live in. Up until the 1960s there was still a law on the books that required all non-residents who did not have an overnight permit to leave the island.
 
When they were evicted to West Palm Beach, Edward R. Bradley bought most of the land. He was a passionate horseman, racetrack proprietor and breeder of racehorses who owned 4 Kentucky Derby winners. His exclusive restaurant and private casino, the Beach Club, ran unimpeded  -- gambling was officially illegal -- up until his death, even during Prohibition, openly serving alcohol. He bequeathed the land to the Town of Palm Beach with the proviso that it be used as a public park forever.
 
With the advent of the Jet Set, Palm Beach really came into its own, being one of the requisite stops on the unending trail of parties around the world that the bored set followed. Many Palm Beach palacial mansions were built to be occupied only for 2-3 weeks each year in the winter after the Christmas and New Year's holidays.
 
Up until the last year or two, Palm Beach Florida was always ranked as the richest zip code, 33480,  in the United States. Palm Beach homes is now in 3rd place, but still ranks in 1st place based upon net average worth according to Forbes.
 
Along with the architect Addison Mizner, Flagler built Worth Avenue, today one of the premier shopping streets in the world, with all of the famous names on the street, endless jewelry stores, boutiques, and restaurants. The Mediterranean-Moorish style of Addison Mizner became the signature style of Palm Beach and continues to be so to this day.
 
The list of famous people who have lived in Palm Beach reads like a Who's Who of the world's richest and most famous. Just some of the names are Marjorie Merriweather Post, E.F. Hutton, William S. Burroughs, Jr., Donald Trump, Michael Jackson, Jimmy Buffet, Rush Limbaugh, John Kluge, the Kennedy Family, Rod Stewart, Vera Wang, Lilly Pulitzer and John Lennon.  Today's Palm Beach is becoming  more egalitarian in some superficial ways but it is also becoming much wealthier, with a lot of big new money moving to town.  It is a living movie during 'The Season' from Thanksgiving to Easter, where you're just as likeley to see a Rolls Royce or a Ferrari as you as you are a VW or a Toyota.

Map of Palm Beach Homes

Palm Beach Homes Homes for Sale (View All)
  • Photo of 1220 S Ocean Blvd

    1220 S Ocean Blvd

    Palm Beach Homes | Palm Beach

    RMLS Listing Beds 9 Baths 10 full, 7 half
    The Most Beautiful, Exclu...
    $74,000,000
    Listing ID: R3226850
    View Listing Details
  • Photo of 911 N Ocean Blvd

    911 N Ocean Blvd

    Palm Beach Homes | Palm Beach

    RMLS Listing Beds 12 Baths 16 full, 4 half
    This Magnificent Direct O...
    $47,600,000
    Listing ID: R3174864
    View Listing Details
  • Photo of 101 El Bravo Wy

    101 El Bravo Wy

    Palm Beach Homes | Palm Beach

    RMLS Listing Beds 9 Baths 11 full
    Brand New Spectacular Med...
    $42,500,000
    Listing ID: R3113755
    View Listing Details
  • Photo of 1275 S Ocean Blvd

    1275 S Ocean Blvd

    Palm Beach Homes | Palm Beach

    RMLS Listing Beds 6 ...
    $38,000,000
    Listing ID: R3236545
    View Listing Details
  • Photo of 482 Island Dr

    482 Island Dr

    Palm Beach Homes | Palm Beach

    RMLS Listing Beds 5 Baths 5 full, 2 half
    Everglades Island - Direc...
    $33,900,000
    Listing ID: R3148501
    View Listing Details
  • Photo of 100 El Vedado Rd

    100 El Vedado Rd

    Palm Beach Homes | Palm Beach

    RMLS Listing Beds 5 Baths 7 full, 5 half
    Magnificent Ocean Front R...
    $28,900,000
    Listing ID: R3105126
    View Listing Details
  • Photo of 105 Clarendon Av

    105 Clarendon Av

    Palm Beach Homes | Palm Beach

    RMLS Listing Beds 6 Baths 8 full, 3 half
    ...
    $27,900,000
    Listing ID: R3156984
    View Listing Details
  • Photo of 1520 S Ocean Blvd

    1520 S Ocean Blvd

    Palm Beach Homes | Palm Beach

    RMLS Listing Beds 10 Baths 10 full, 3 half
    Magnificent Ocean To Lake...
    $27,000,000
    Listing ID: R3205818
    View Listing Details
  • Photo of 473 N County Rd

    473 N County Rd

    Palm Beach Homes | Palm Beach

    RMLS Listing Beds 12 Baths 12 full, 3 half
    Louwana - An Oceanfront M...
    $26,000,000
    Listing ID: R3201097
    View Listing Details
  • Photo of 1900 S Ocean Blvd

    1900 S Ocean Blvd

    Palm Beach Homes | Palm Beach

    RMLS Listing LAND: The Only Palm Beach Ocean...
    $25,000,000
    Listing ID: R3158708
    View Listing Details
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