While people cool off as much as they can in the Hamptons this summer, the Palm Beach real estate market remains hot. Among the sales in Palm Beach this summer, a classic estate, close to town and the Atlantic Ocean, traded for $17.85 million.
“Fortunately, we have had a consistent summer, especially with the Palm Beach market settling back into a more seasonal pattern,” says Dana Koch of The Corcoran Group, who repped the sellers of 110 Wells Road, along with Paulette Koch. “This sale just proves that location —one house from the ocean — is still the most important component when selling a home.”
The five-bedroom, six-and-a-half-bath house, situated on a third of an acre on one of the most sought-after, tree-lined streets, went on the market summer for $28.5 million…