Palm Beach Real Estate Is So Hot, at Least 22 Homes Sold for $40M-Plus Since Covid

As the ink dried on a $122.7 million deal for the sale of a contemporary oceanfront Palm Beach mansion this past February, real-estate agent Ryan Serhant toasted his success with a glass of Champagne and a lobster at a table for one at the area’s iconic hotel, The Breakers.

He had flown in from New York to finalize the deal, which was the largest of the year so far in Palm Beach. It also marked the pinnacle of a dramatic market surge that has overwhelmed local real-estate agents since the beginning of the Covid-19 crisis.