Palm Beach luxury home sales surge as pharma executives close major deals

John Gomes, Managing Director at Douglas Elliman
John Gomes, Managing Director at Douglas Elliman - Official Website
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The widow of former pharmaceutical executive Mel Goodes has secured a buyer for her Palm Beach residence, which was listed for $21.5 million. The transaction follows seven months on the market.

This sale is part of a broader trend in Palm Beach County, where 19 contracts were signed for luxury properties between October 20 and October 26, according to a report from Douglas Elliman’s Eklund-Gomes team. The total asking price for these homes reached $126.4 million, with properties spending an average of 134 days on the market. In comparison, the previous week saw buyers sign 11 contracts totaling $67.4 million in asking dollar volume.

The Eklund-Gomes report tracks signed contracts for single-family homes and condos listed at $3 million or more in the Beaches MLS. Last week, there were 58 new listings and a total of 1,110 active listings.

Of the pending contracts last week, 15 were single-family homes and four were condos. Condos averaged an asking price of $3.9 million, or $1,119 per square foot, with an average of 170 days on the market. Single-family homes averaged $7.4 million, or $1,612 per square foot, and spent about 99 days on the market.

The highest-priced property to go under contract was the 5,400-square-foot home at 231 Via Las Brisas in Palm Beach. Records indicate that Nancy Goodes is selling the property; she is the widow of Mel Goodes, who led Warner-Lambert—the company behind Lipitor—before it was acquired by Pfizer for $90 billion in 2000. He passed away last year.

Nancy and Mel Goodes purchased the Via Las Brisas home for $2.9 million in 2014. Built in 1999 on half an acre, it features four bedrooms, four bathrooms, one half-bathroom and a pool. The property was listed for $21.5 million in March with Dana and Paulette Koch of the Corcoran Group handling the listing.

The second most expensive contract last week involved a mansion at 336 East Key Palm Road in Boca Raton’s Royal Palm Yacht & Country Club community—a neighborhood where football player Travis Kelce rented a home this summer. The property spans 9,200 square feet and was listed at $17.5 million by David Roberts with Royal Palm Properties. Owners Bob and Kristine Edwards bought it for $8.8 million in 2014; Bob Edwards leads e5 Pharma based in Boca Raton.

Built in 2014 on .6 acres, this mansion includes six bedrooms, seven bathrooms, two half-bathrooms as well as amenities such as a wine room, club room, pool and dock with waterfront access.

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