Oil mogul finds buyer for West Palm Beach lots asking $16M

An oil mogul is in contract to sell an assemblage of lots on West Palm Beach’s South Flagler Drive after listing them for $16 million. It’s one of the 18 contracts buyers signed between Dec. 29 and Jan. 4 for luxury properties in Palm Beach County, according to Douglas Elliman’s Eklund-Gomes team. The homes that went pending last week total $115.6 million in asking dollar volume and averaged 55 days on the market. The report tracks signed contracts for single-family homes and condos asking $3 million or more in the Beaches MLS. It identified 44 new listings, and 1,207 active […]This article originally appeared on The Real Deal. Click here to read the full story.