Bob Stiller, the coffee industry entrepreneur, has a pending deal to sell his lakefront Palm Beach mansion, which is listed for $84 million. This transaction marked the highest-priced contract among luxury properties in Palm Beach County last week.
Between December 8 and December 14, buyers signed 24 contracts for luxury homes across the county, according to Douglas Elliman’s Eklund-Gomes team. The combined asking price of these pending properties reached $234.3 million, with the homes spending an average of 111 days on the market.
By comparison, the previous week saw 16 contracts signed, totaling $130.6 million in listing value.
The report covers signed contracts for single-family homes and condos listed at $3 million or more on the Beaches MLS. It also noted the addition of 45 new listings, bringing the county’s active luxury inventory to 1,213 properties.
Of the homes that went under contract last week, 21 were single-family residences and three were condominiums. The condos averaged an asking price of $13.8 million, or $1,735 per square foot, and spent about 91 days on the market before going pending.
Single-family homes averaged a $10.5 million asking price, with an average of 130 days spent on the market. The combined asking price of the single-family contracts was $220.5 million.
Stiller and his wife Christine purchased the 13,400-square-foot, eight-bedroom estate at 1350 North Lake Way in 2023 for $66 million. The property is now listed for $84 million with Christian Angle of Christian Angle Real Estate.
The Stillers acquired the 0.8-acre estate from billionaire casino owner Steve Wynn. The home features nine bathrooms, two half-bathrooms, a pool, and a deck. It was originally listed for $90 million in May. Bob Stiller is the founder of Green Mountain Coffee Roasters, which later became Keurig Green Mountain.
The second most expensive contract reported last week was for 143 Clarendon Avenue, also in Palm Beach. Owned by real estate investor William Rickman and his wife Marcia, this 7,600-square-foot residence includes five bedrooms and eight bathrooms. Built in 1924 on a 0.6-acre lot, the property is listed by Carole and Brett Koeppel of Sotheby’s International Realty for $25 million.
The average asking price for single-family homes last week remained at $10.5 million, with the properties averaging 130 days on the market. The total dollar volume for these homes reached $220.5 million.
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