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Palm Beach Homes Subdivision Statistics

Community Statistics

 

Palm Beach Homes *

Updated 08/31/15
Avg sold price
Avg days on market
Properties on market *
Sold % of ask price
Avg sold price/Sq Ft
2014
$835K
169
1207
92%
$279
2015
$1.35M
300
462
90%
$449
%Diff
63%
78%
62%
2%
61%
+63% change from $835K to $1.35M
Aug 2014 to Aug 2015
+78% change from 169 to 300
Aug 2014 to Aug 2015
-62% change from 1207 to 462
Aug 2014 to Aug 2015
-2% change from 92% to 90%
Aug 2014 to Aug 2015
+61% change from $279 to $449
Aug 2014 to Aug 2015

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.
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, St. Augustine and all the way down the the Florida Keys 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 of America. Palm Beach homes is now in 3rd place, but still ranks in 1st place based upon net average worth according to Forbes Magazine.
 
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.  Many International snowbirds also have second homes in Palm Beach.  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 1071 N Ocean Boulevard

    1071 N Ocean Boulevard

    Palm Beach Homes | Palm Beach

    BMLS Listing Beds 8 Baths 7 full, 10 half
    Under Construction - Stil...
    $84,500,000
    Listing ID: RX-10122807
    View Listing Details
  • Photo of 89 Middle Road

    89 Middle Road

    Palm Beach Homes | Palm Beach

    BMLS Listing Beds 10 Baths 11 full, 4 half
    Rare, More Than 4-Acre Oc...
    $59,000,000
    Listing ID: RX-3204193
    View Listing Details
  • Photo of 390 N Lake Way

    390 N Lake Way

    Palm Beach Homes | Palm Beach

    BMLS Listing Beds 5 Baths 6 full, 2 half
    Gorgeous New Lakefront Ho...
    $37,900,000
    Listing ID: RX-10128838
    View Listing Details
  • Photo of 900 N Lake Way

    900 N Lake Way

    Palm Beach Homes | Palm Beach

    BMLS Listing Beds 7 Baths 10 full, 6 half
    This Stunning Lakefront E...
    $37,450,000
    Listing ID: RX-10127782
    View Listing Details
  • Photo of 8 S Lake Trail

    8 S Lake Trail

    Palm Beach Homes | Palm Beach

    BMLS Listing Beds 6 Baths 6 full, 2 half
    Former Firestone Estate I...
    $36,000,000
    Listing ID: RX-10128490
    View Listing Details
  • Photo of 1102 N Ocean Boulevard

    1102 N Ocean Boulevard

    Palm Beach Homes | Palm Beach

    BMLS Listing Beds 6 Baths 9 full, 2 half
    Preservation Foundation O...
    $28,900,000
    Listing ID: RX-10018261
    View Listing Details
  • Photo of 1021 N Ocean Boulevard

    1021 N Ocean Boulevard

    Palm Beach Homes | Palm Beach

    BMLS Listing Beds 6 Baths 8 full, 1 half
    Architecturally Distinct ...
    $28,750,000
    Listing ID: RX-10128713
    View Listing Details
  • Photo of

    Palm Beach Homes | Hillsboro Beach

    BMLS Listing LAND: One Of The World's Most E...
    $28,000,000
    Listing ID: RX-10064391
    View Listing Details
  • Photo of 488 Island Drive

    488 Island Drive

    Palm Beach Homes | Palm Beach

    BMLS Listing Beds 5 Baths 6 full, 2 half
    Pre-Construction - Malask...
    $27,900,000
    Listing ID: RX-10131490
    View Listing Details
  • Photo of 149 E Inlet Drive

    149 E Inlet Drive

    Palm Beach Homes | Palm Beach

    BMLS Listing LAND: Water, Water, Water - Swe...
    $27,500,000
    Listing ID: RX-10123796
    View Listing Details
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All listings featuring the BMLS logo BMLS Logo are provided by Beaches MLS Inc. Copyright 2015 Beaches MLS. This information is not verified for authenticity or accuracy and is not guaranteed. © 2015 Beaches Multiple Listing Service, Inc. All rights reserved.

 

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