Michael Costello Of Compass Represents Buyer In Sale Of Palm Beach Home For $24.18M

A newly built Palm Beach Regency–style home located at 311 Polmer Park Road has been sold for $24.18 million. The single-family residence spans 9,500 square feet and is situated on a 0.34-acre lot. This property features five bedrooms and a below-grade entertainment level, with a courtyard layout and a lake-block location in the North End’s Estate Section of Palm Beach.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $24,180,000
• Square Footage: 9,500
• Price Per Square Foot: $2,545
• Address: 311 Polmer Park Road
• Market: Palm Beach
• Buyer's Representative: Michael Costello - Compass
• Seller's Representative: Richard True - The Corcoran Group

The home was developed on a former tennis pavilion lot by investor Richard Cushing True and partners, following the division of the original estate parcel. Notably, this transaction marks the first new construction on the street in over 50 years.