Penthouse A At Ritz-Carlton Residences In West Palm Beach Sold For $16.95M

The property involved in this transaction is a penthouse unit known as Penthouse A located at 1717 North Flagler Drive in West Palm Beach, FL. It is listed under contract with a price of $16,950,000. The condo spans a total of 7,297 square feet, with a price per square foot of $2,323. The residence features 4 bedrooms, 5.5 bathrooms, and approximately 1,200 square feet of terraced outdoor space offering panoramic views of the Intracoastal and ocean.

Summary of transaction details:

• Property Type: Condo
• Transaction Amount: $16,950,000
• Square Footage: 7,297
• Price Per Square Foot: $2,323
• Address: 1717 North Flagler Drive PH-A
• Market: West Palm Beach, FL
• Developer: Jon Paul Pérez - Related Group
• Developer: Isaac Toledano - BH Group

The deal is notable as it sets a record for the highest-priced condo sale on North Flagler Drive in both total price and price per square foot. The property was purchased by a Palm Beach resident who is upgrading to a larger primary home, reflecting a significant move within the local real estate market.