Developer Aldo Stark has secured a buyer for a mansion in Stone Creek Ranch, which he listed for $45 million. The property was the highest-priced luxury contract signed in Palm Beach County last week.
Between September 15 and September 21, buyers signed contracts for 11 luxury properties in Palm Beach County, according to a market report from Douglas Elliman’s Eklund-Gomes team. The combined asking price of these homes totaled $103.9 million, with an average of 72 days on the market. This represents an increase from the previous week, when the total asking volume was $53.6 million for the same number of homes.
The Eklund-Gomes team’s report tracks signed contracts for single-family homes and condos listed at $3 million or more in the Beaches MLS. Last week saw 37 new listings and a total of 1,017 active listings on the market.
Of the properties that went under contract last week, nine were single-family homes and two were condos. The pending condos had an average asking price of $8.8 million—or about $1,499 per square foot—and spent an average of 31 days on the market.
Single-family homes accounted for $95.1 million in total asking price and averaged 114 days on the market. Their average asking price was approximately $10.6 million.
The most expensive home to find a buyer was Aldo Stark’s mansion at 9200 Rockybrook Way in Stone Creek Ranch—a gated community near Delray Beach—listed at $45 million. Stark purchased this 17,800-square-foot estate in January for $26 million from Ohio’s Cafaro family, whose late patriarch William M. Cafaro played a significant role in developing American shopping malls. Built in 2017 on a 2.7-acre lot, the property features seven bedrooms, ten bathrooms, two half-bathrooms, a theater, wine room, gym and sauna; it also includes a guest house, pool and cigar lounge.
Stark put it on the market for $45 million in March with Senada Adžem of Douglas Elliman as listing agent.
The second-highest priced home to go under contract last week is located at 13209 Rolling Green Road—a waterfront property listed at $8.5 million near North Palm Beach. The seller is Dr. Gregory Delange of West Palm Beach who bought it last year for $6.8 million; records show it was built in 2014 with five bedrooms and five bathrooms along with two half-bathrooms, pool and dock with frontage on the Intracoastal Waterway.
This property originally came to market last year at an asking price of $12.5 million; Michael Ivancevic with Illustrated Properties holds that listing.
