Lake Worth a mansion capital? Coldwell Banker says yes (but they really mean Manalapan)


800 S. Ocean in Manalapan, which sold in 2015 for $33 million

Lake Worth is known for dive bars, potholes and an anarchist former city commissioner who loudly calls Gov. Rick Scott a mildly obscene name to his face. Mansions? Not so much.

Yet there’s El Dub in 20th spot on the newly released Coldwell Banker Previews International Luxury Market Report, in the category of $10 million-and-up home sales. Lake Worth’s six sales in 2015 ranked just behind tony La Jolla, California, and posh Vail, Colorado, and just ahead of tech hub Boston.

On further review, Coldwell Banker really meant Manalapan, which it considered part of Lake Worth. Manalapan saw a $33 million sale in September, a $22 million deal in January, a $15 million sale in April, a $13.8 million sale in September and a $10.6 million deal in June.

In less surprising findings, Coldwell Banker says Palm Beach ranked 11th with 13 sales (a total that seems a bit low — Palm Beach attorney Les Evans counted 18 sales over $10 million in the first nine months of 2015 alone).

Delray Beach and Wellington, with seven sales each, were just ahead of Lake Worth.



Reader Comments 0

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Basic HTML is allowed. Your email address will not be published.

Subscribe to this comment feed via RSS