In Palm Beach, FL, luxury real estate has reached eye-popping heights: Three homes are now listed for $100 million-plus, with prices soaring as high as $205 million.
The real estate market for waterfront “trophy homes” in Palm Beach—where 51.3% of all real estate deals are all-cash—is red-hot.
“We are seeing more trophy homes on the market due to a combination of circumstances—the death of some elderly owners, some owners downsizing, and others moving up,” luxury real estate agent Bill Yahn of The Corcoran Group in Palm Beach tells Realtor.com®. “The rarity of waterfront—particularly oceanfront property—keeps pushes asking prices higher.”…