'There are only so many homes on the island of Palm Beach.' How house prices around Mar-a-Lago have changed 👇
The town of Palm Beach, the billionaire's playground where's Mar-a-Lago is located, was no exception—though buyers in the area have much deeper pockets than the average aspiring homeowner in the U.S.Newsweek
In this aerial view, former U.S. President Donald Trump's Mar-a-Lago estate is seen on September 14, 2022 in Palm Beach, Florida. Properties in Palm Beach have appreciated an estimated 180 percent since 1996, according to real estate data.With a private airport operating within Palm Beach International Airport, only a 10-minute drive from the island, its reputable hospitals and the many amenities, the town has become a magnet for the wealthy, said Pinson.
According to Redfin, the median sale price of a single-family home in Palm Beach in October 2020 was $3,531,250. In October 2021, the median sale price for a single-family home was $5,405,000 . In October 2022, a single-family home cost $6,700,000, up 118.4 percent since 2021. But not all properties have appreciated the same during the past 26 years. The most valuable and luxurious, the one-of-a-kind estates in the town, have appreciated more than that, including Trump's Mar-a-Lago.
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