A newly built home in Boca Raton’s Royal Palm Yacht & Country Club led luxury residential contracts in Palm Beach County for the week ending November 9, according to a report from Douglas Elliman’s Eklund-Gomes team. The weekly data showed buyers signed 10 contracts for properties listed at $3 million or more, with a combined asking price of $67.7 million and an average market time of 84 days.
The previous week saw 14 contracts signed, totaling $85.1 million in asking value. The report covers single-family homes and condos listed on the Beaches MLS at $3 million or above, noting there were 62 new listings and a total of 1,166 active listings during the period.
Of the pending deals last week, nine involved single-family homes and one was a condo priced at $3.4 million, or $852 per square foot. That condo spent 60 days on the market.
Single-family homes that went under contract averaged an asking price of $7.2 million and were on the market for about 107 days.
The highest-priced property to find a buyer was located at 290 Sabal Palm Terrace in Boca Raton. The six-bedroom, six-and-a-half-bathroom house measures 6,700 square feet and was listed for $9 million after two price reductions from its original April listing price of $10 million, according to Zillow records. Sellers Robert and Robyn Morgan purchased the property for $3.5 million in 2022 before completing construction last year.
David Roberts with Royal Palm Properties is handling the listing. He is recognized as the top-ranked agent in The Real Deal’s 2025 Palm Beach County broker ranking.
The Royal Palm Yacht & Country Club is noted as Boca Raton’s most expensive neighborhood and previously drew attention when football player Travis Kelce rented a waterfront home there this past summer.
