The property has slashed prices since it was listed earlier this year.
A five-bedroom, six-and-a-half bath property only a few minutes away from former President Donald Trump's Mar-a-Lago residency is on the market for less than it sold about a year ago.The housing market in Florida is grappling with a difficult dynamic. Prices have been falling, though elevated mortgage rates have made affording homes in the state beyond the reach of huge swathes of potential homebuyers.
5 bath layout with generous ceiling heights and spacious rooms, making it an ideal space for entertaining and hosting guests.'The Palm Beach market has seen some slowness over the last year. Single-family properties have seen prices plunge 25 percent in the first quarter of 2024 to $15.6 million from the same time a year ago. Some analysts have suggested that interest in the luxury market has waned.
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