A newly built home in Boca Raton’s Royal Palm Yacht & Country Club led luxury home contracts in Palm Beach County for the week ending November 9, according to a report from Douglas Elliman’s Eklund-Gomes team. The report found that buyers signed 10 contracts for homes priced at $3 million or more, totaling $67.7 million in asking volume, with an average of 84 days on the market.
The previous week saw higher activity, with 14 contracts and $85.1 million in total asking price. The weekly report tracks single-family homes and condos listed at $3 million or above through the Beaches MLS system. It also noted there were 62 new listings and a total of 1,166 active listings during the period.
Of last week’s pending sales, nine were single-family homes and one was a condo. The condo had an asking price of $3.4 million ($852 per square foot) and spent 60 days on the market. Single-family homes averaged an asking price of $7.2 million and typically stayed on the market for about 107 days.
The most expensive contract was for a house at 290 Sabal Palm Terrace in Boca Raton, listed at $9 million. The property is located within Royal Palm Yacht & Country Club, which is considered Boca Raton’s most expensive neighborhood and where football player Travis Kelce rented a waterfront residence this past summer.
Property records show that Robert and Robyn Morgan bought the quarter-acre lot for $3.5 million in 2022 before completing construction on the six-bedroom, six-and-a-half-bathroom home with a pool last year. The house was originally listed for $10 million in April but underwent two price reductions before reaching its current asking price of $9 million, according to Zillow data.
David Roberts of Royal Palm Properties holds the listing; he is recognized as the top-ranked agent in The Real Deal’s 2025 Palm Beach County broker ranking.
