arts
Palm Beach mansion flip finds buyer with asking price of $12M-plus
By Grace McClung at The Real Deal
· July 7, 2026
· 1 min read
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 Eklu
Key takeaway 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.
Why this matters in The Miami
The luxury market in Palm Beach County, just north of Miami , is showing signs of strength with 16 contracts signed in one week. While the total asking dollar volume was lower than the previous week, the number of contracts increased, indicating a steady demand for high-end properties. This activity in the luxury market could have a ripple effect on the broader Miami real estate market, particularly in affluent neighborhoods like Miami Beach and Brickell. As the luxury market in Palm Beach County continues to attract buyers, it may also draw attention to similar properties in Miami-Dade County, potentially driving up prices and interest in the area's own luxury market. The fact that 10 of the properties marked pending were single-family homes also suggests that buyers are looking for more traditional and private living arrangements, which could influence the types of properties being developed and marketed in Miami's own luxury neighborhoods.
About this story
Original reporting by The Real Deal . The Miami surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
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Category: arts ·
Published: July 7, 2026 ·
Source: The Real Deal ·
Reading time: 1 min
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Frequently asked about this story
What is this story about? 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 Eklu
When was this published? This article was first published on July 7, 2026 by The Real Deal and curated for The Miami readers.
Who reported this story? This story was reported by Grace McClung at The Real Deal. To learn more about how The Miami selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more arts coverage from The Miami, or browse our daily briefing and topic hubs .
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