This highly profitable flip shows how hot the housing market is in Palm Beach. An influx of wealthy people looking to move into the town has eaten up most of the inventory, forcing buyers to pay higher prices to secure homes. It last traded for $7 million in December. Source: South Florida Business Journal

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Did You Know?

Palm Beach mansion sold for $11 million, a 57% gain just four months after its last sale.

by Liset Hanes

This highly profitable flip shows how hot the housing market is in Palm Beach. An influx of wealthy people looking to move into the town has eaten up most of the inventory, forcing buyers to pay higher prices to secure homes. It last traded for $7 million in December.

Source: South Florida Business Journal

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