Elizabeth DeWoody

Choose your perfect pool for a hot summer day! Would you prefer the stunning pool at 1048 South Ocean Boulevard or the inviting oasis at 5 Beachway North? Both provide a refreshing escape from the heat. Which one would you dive into?

Listed exclusively by Elizabeth DeWoody:

📍 1048 South Ocean Boulevard, Palm Beach,

Offered for sale at $23,950,000 | Offered for rent at $55,000/MO

5 BD | 7.2 BA | 21,179 TSF | 6,676 LSF | Private Beach | Pool

📍 5 Beachway North, Ocean Ridge

Offered for rent at $50,000/MO

6 BD | 6.1 BA | 10,013 TSF | 6,910 LSF | 0.53 AC Lot | Private Beach | Pool

According to the Palm Beach Post, our county ranks first in the U.S. for wealth migration, with over $39 billion in new wealth since the pandemic. This influx reshapes our area, leading to luxury condos, bustling restaurants, and cultural growth.

I’m here to help you navigate this changing landscape. Whether you’re buying, selling, or investing in Palm Beach, let’s connect and find the perfect opportunity for you! 🏡

Sold by Elizabeth DeWoody

Imagine the perfect retreat—where would you choose to relax? 🌴

Would you prefer relaxing by the pool, firing up the built-in grill, enjoying the breeze on a covered balcony, or lounging on a covered patio?

📍 5 Beachway North, Ocean Ridge

Offered at $50,000/MO exclusively by Elizabeth DeWoody, Palm Beach Advisory at Compass.

6 BD | 6.1 BA | 10,013 TSF | 6,910 LSF | 0.53 AC Lot | Private Beach | Pool

Palm Beach County is redefining luxury living with extraordinary pre-construction developments. Imagine waking up to breathtaking ocean views, indulging in world-class amenities, and experiencing the epitome of island life.

There’s a perfect home for every lifestyle, from intimate boutique residences to grand towers.

Contact me to be the first to know about upcoming releases and VIP access.

Palm Beach County is experiencing a remarkable surge in property values, with a 10.6% increase over the past year.

The total market value has reached approximately $54.68 billion, adding $5.24 billion to the 2024 property tax roll.

Residential property values have skyrocketed to $48.77 billion, reflecting the continued demand for luxurious living.

Nearly $200 million in new construction projects have contributed to this impressive growth.

As Palm Beach thrives, now is the perfect time to consider your real estate options in this vibrant market. Contact me today for personalized insights.

Trophy Sales are booming as wealthy buyers hedge against inflation.

Palm Beach Island saw a second quarter record-breaking Tarpon Island home sale for $151m - the second-highest price sale in the USA. Second to a recent $210m oceanfront home sale in Malibu, California. Over half of all Palm Beach Q2 transactions were over $10m, and 15% were over $50m. I see investors from all over the world buying Palm Beach Real Estate.

My market report data does not include the $151m outlier sale.
However, there will be other $100m plus closings in the third quarter. $100m plus transactions are becoming more commonplace here. Thus, our average price point continues to rise, and median price points of single-family homes are settling - now at $10,850,000 down 5% from Q2 last year, however, still double pre-pandemic prices. Inventory is low, and quality move-in-ready homes are still hard to find. Thus, folks are driven over the bridge to shop up and down the coast for a home.

As seen in the 2024 Mid-Year Ultra-Luxury Report:

“The Island of Palm Beach started the year quietly but came alive towards the end of the second quarter with record-breaking sales ranging from $40 million to $150 million. The ongoing imbalance between demand and supply is pushing the median price point to $13 million. The high entry-level prices on the Island are driving buyers to explore options along the Coast. Luxury buyers from around the globe are drawn to the Palm Beaches, seeking a tax haven, pro-business environment, and safe neighborhoods. They appreciate the proximity to the airport, beaches, boating, exceptional dining, shopping, and year-round beautiful weather. The strong influx of finance and technology firms, coupled with continued investment in infrastructure and commercial real estate, assures buyers that investing in a home in the Palm Beaches is a wise decision.” - Elizabeth DeWoody

Tap the link in my BIO to check the full report.

Newly Priced! Amazing In-Town Opportunity - 226 Oleander Avenue, Palm Beach is now offered at $5,800,000.

Buy this vacant lot with a total of 4,250 sq ft and the multi-family property next to it for a combined lot of 8,500+ sq ft. The sale includes both properties at 226 Oleander and 216 Oleander.

The income-producing multi-family at 216 Oleander includes two one- bedroom units and a studio. The one- bedroom units generate an income of $2,900 and $3,100 a month in rent. The studio is currently not rented.

Build new on combined lots, or keep the existing multi-family and utilize the vacant lot however you choose, the options are endless here!

3 Bed | 3 Bath | 1,492 SF | 8,500 SF Lot | Pool

For the second consecutive year, CNBC has named Florida’s economy the strongest in the nation in their latest ‘Top States for Business’ ranking.

In addition to leading in economic strength, Florida also earned impressive rankings of #2 in both workforce and access to capital, placing the state at an outstanding #5 overall for Top States for Business in 2024.

With Florida’s thriving economy, now is the perfect time to explore the vibrant real estate opportunities in Palm Beach.

June Numbers Are In!

Compared to this month last year, the number of non waterfront single family home sales on the Island of Palm Beach increased 50% from 4 to 6 transactions while the average number of days on the market increased significantly by almost 99% from 101 to 200 days. The average lot price for waterfront properties on the Island increased 88% to just over $1,900 sqft for the two sales this month.

In Coastal West Palm Beach, the number of home sales over $1M decreased slightly from 16 transactions to 14 transactions year over year, and the average sales price increased 25% to just over $2,200,000. The average number of days on the market decreased from 159 days to 126 days.

Beautiful John Volk Regency home with ocean views and private beach access - 1048 South Ocean Boulevard, Palm Beach.

Located three streets north of Mar-a-Lago in the exclusive Estate Section, this luxurious property is perfect for both relaxation and entertaining.

Enjoy the Florida sun in the expansive 40 x 20 foot pool or take in the breathtaking views from two upstairs balconies overlooking the ocean. With direct access to a private beach just steps from your front door, this home offers the ultimate in coastal living.

Listed exclusively by Elizabeth DeWoody

Offered at $23,950,000

5 BD | 7.2 BA | 21,179 TSF | 6,676 LSF | Private Beach | Pool

JPMorgan Chase & Co. is expanding right here in downtown West Palm Beach. The company is opening a brand new 13,000 sq ft office in the prestigious 360 Rosemary building, centralizing operations for over 60 employees currently scattered across Palm Beach County.

This expansion is part of a larger South Florida investment, contributing $151 million annually to our local economy.

If you’re looking to buy or sell in this booming market, now is the perfect time! Interested in learning more about the Palm Beach real estate market? Visit our website for everything you need to know about life in the Palm Beaches - elizabethdewoody.com.

Listed, Sold & Closed - 256 Mockingbird Trail, Palm Beach.

Last Asking: $9,900,000
Representing: Seller

Thrilled to announce the successful sale of this piece of paradise in one of Palm Beach’s most coveted neighborhoods! This stunning homesite on the sunny south side is the epitome of luxury coastal living, featuring ARCOM approved plans for a 6 bed, 6.1 bath home with 5,683 total sq ft and 9’ ceilings.

Located in Palm Beach’s prestigious North End, renowned for its private beach cabanas, tranquil Lake Trail access, and proximity to exclusive clubs like The Sailfish Club and The Beach Club. Enjoy Palm Beach’s finest shopping, dining, and entertainment just moments away!

West Palm Beach is on the rise as a dynamic cultural and business hub, recognized by the Wall Street Journal, Forbes, and Bloomberg. Luxury towers like Olara redefine the skyline with private marinas and dining by chef José Andrés. Shorecrest and Forté top out, setting new standards in upscale living.

The NORA District’s $1 billion initiative transforms historic warehouses into vibrant spaces for dining, business, and living, featuring boutique gyms and chic hotels. Over 140 companies, including JP Morgan and Northwell Health, have relocated to Palm Beach County, bringing billions in investments and thousands of jobs. West Palm Beach is not just a place to live, but a thriving business center, promising excitement at every turn.

Enjoy stunning views and delicious cuisine at these top waterfront dining spots in north-central Palm Beach County, where you can dock your boat:

Sailfish Marina Resort
M/Y Cafe
the River House
1000 NORTH @1000.north
E.R. Bradley’s Saloon
Frigate’s Waterfront Bar & Grill

Combine for a single-family home, or build new - 216 Oleander Avenue, Palm Beach.

Upstairs 1 Bed/1 Bath, Downstairs 1 Bed/1 Bath plus Studio “Pool House” with Bath. Perfect for rental income or flexible living arrangements.

Keep as three units for steady income.

Offered at $3,500,000

3 BD | 3 BA | 1,492 TSF | 1,452 LSF | Pool

May Numbers Are In!

Compared to this month last year, the number of non waterfront transactions on the Island of Palm Beach was down from 13 to only 3 single family home sales, while the average median price remained just below $11,000,000.

Waterfront sales on the Island, increased +55% to an average sales price of $50,000,000 without taking into consideration the outlier sale of 10 Tarpon Isle at $152,000,000.

Costal West Palm Beach single family home sales over $1,000,000 increased in median and average price dramatically at +119% and +72% for the same number of transactions year over year.

Listed, Sold & Closed - 218 Everglade Ave., Palm Beach

Last Asking: $12,900,000
Representing: Seller

New construction in-town home offering 4 bedrooms, 4.5 bathrooms, elevator, garage, loggia & pool. Congratulations to all parties involved!

Join Us! Open Sunday at 13 Via Vizcaya - your own private Palm Beach estate situation on a rarely available 1/2 acre lot offering Intracoastal views and move in ready condition.

Convertible 4 Bed 4.2 Bath
Lap Pool & Spa
Elevator
Full Impact Glass
2 Car Garage
Water Views
Private Cul-de-sac
Spacious Lot

Offered at $29,000,000
Exclusively Listed by Elizabeth DeWoody, Palm Beach Advisory at Compass

Just Listed, First Time Offering - 13 Via Vizcaya, Palm Beach

Welcome to your new sanctuary in Palm Beach’s prestigious Estate Section. Nestled on a rare, nearly half-acre lot with stunning water views, this like-new home offers the perfect blend of luxury and tranquility on a private cul-de-sac. Step into your own private oasis, complete with a spacious yard adorned with mature landscaping, a refreshing lap pool, and a heated spa - ideal for unwinding or entertaining in style. Inside, the home boasts high ceilings throughout, creating an airy and inviting atmosphere flooded with abundant natural light. A grand staircase sets the stage for the elegant ambiance, leading to the formal living and dining rooms, as well as a well-appointed home office. The primary bedroom suite offers dual primary bathrooms and walk in closets. A fourth bedroom on the main floor can easily be configured. The home offers a two-car garage and elevator. All this just minutes to the beach, Worth Avenue, world-class shopping and dining, private beach clubs, and Palm Beach International Airport.

3 BD Convert. 4 BD
4.2 BA
6,619 TSF
Approx. 1/2 Acre Lot
Elevator
2 Car Garage
Lap Pool
Offered At $29,000,000

Exclusively by Elizabeth DeWoody, Palm Beach Advisory at Compass

April numbers are in! Check out the y-o-y stats for Palm Beach Island and Coastal West Palm Beach single family homes.

Just Listed - 1048 S Ocean Blvd.

A classic John Volk Regency home with ocean views and beach access. Only three streets north of Mar-a-Lago in the Estate Section, of Palm Beach Island. Ideal for entertaining, spacious five bed, six bath home, with marble throughout, boasting a 40 ft pool and 2nd floor balconies offering ocean views.

Asking: $23,950,000
Exclusively Offered by Elizabeth DeWoody, Palm Beach Advisory at Compass

Thank you for the feature - Wealthy House Hunters Over the Prices in Palm Beach, Florida, Should Head to El Cid.

It’s always my pleasure to speak on this gem of a neighborhood in West Palm Beach.

218 Everglade Ave., Palm Beach. 😍 You can’t beat NEW construction! Coupled with an A+ in town location, make this home a dream come true.

4 Beds, 4.1 Baths, First Floor Suite, Smart Home Equipped, Pool & Loggia, Garage, Designer Finished

Stop by our Open House tomorrow 2 - 4PM!

Newly Priced at $12,900,000.

Sold & Closed! 1540 Paslay Pl., Manalapan FL

Last Asking: $14,995,000
Representing: Buyer

Like-new contemporary waterfront estate in coveted Manalapan, spanning over 10,000 total square feet with 5 bedrooms and an open floor plan the seamlessly integrates indoor / outdoor living.

Congratulations to all parties involved!

Now Pending! 256 Mockingbird Trail, Palm Beach FL

Last Asking: $9,900,000
Representing: Seller

The North End is home to the widest and quietest beaches on Palm Beach Island. Mockingbird Trail is one of only three streets in the neighborhood with a coveted private beach cabana (known as “Cabana Streets”) AND direct Lake Trail access. This lovely location is also in close proximity to clubs such as the Sailfish Club, the Beach Club, and Palm Beach Country Club. World class shopping, dining, fishing, recreation and entertainment options are aplenty.

Compass Palm Beach ribbon cutting and Women of Compass luncheon! Thank you Robert and Ruth for the fireside chat. And thank you to all of our Compass colleagues from across the state and country who came to celebrate the grand opening of our new office on Worth Avenue!

In Town New Construction! Open House Today at 218 Everglade Ave. Newly Priced and Move In Ready.

Enjoy the best of indoor/outdoor living with a panoramic retractable glass wall leading to the loggia, pool and backyard sited on the sunny south side of the street. Offering the privacy of a single family with the convenience of a condo or townhome.

4 Bed 4.1 Bath 4,198 TSF
$13,900,000

Exclusive offered by Elizabeth DeWoody, Palm Beach Advisory

🌴 Exciting news! Our 2023 Year End Market Report for Palm Beach & Coastal West Palm Beach is here! 📈 Subscribe to our newsletter at the link in bio to receive the full report and gain valuable insights into the latest trends, pricing, and market conditions in our community. Whether you’re a buyer, seller, or agent, this report is a must-read for anyone interested in the local real estate market.