Billionaire Greg Mondre finds buyer for Palm Beach teardown asking $40M

Luxury deals slowed during the holiday week, after an early November surge, but a private equity billionaire still managed to find a buyer for his oceanfront Palm Beach home.   Buyers signed 15 contracts between Nov. 24 and Nov. 30 for luxury properties in Palm Beach County, according to Douglas Elliman’s Eklund-Gomes team. The homes that went pending last week total $114.6 million in asking dollar volume and averaged 165 days on the market. The previous week, buyers signed 30 contracts totaling $271.1 million in asking dollar volume.  The report tracks signed contracts for single-family homes and condos asking $3 million […]This article originally appeared on The Real Deal. Click here to read the full story.