Palm Beach mansion flip finds buyer with asking price of $12M-plus

A home flip with an upside of $700,000 led Palm Beach County’s luxury market last week, landing a contract at an asking price of $12.5 million. Buyers signed 16 contracts totaling $92 million in asking dollar volume between June 29 and July 5, according to the weekly report by Douglas Elliman’s Eklund-Gomes team, which tracks listings in Palm Beach above $3 million.  The previous report recorded 13 contracts totaling $114 million in asking dollar volume. Of the properties marked pending last week, 10 were single-family homes. They totaled $62.1 million in asking dollar volume and spent an average of 103 […]

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