This fall, a jaw-dropping $59 million sale in Delray Beach captured the attention of real estate watchers and made waves in the South Florida Business Journal (Oct 21, 2025). A luxury homebuilder – Mark Timothy, Inc. – sold an oceanfront spec mansion for $59M, setting a record for Delray Beach and one of the highest prices in Palm Beach County for 2025. The newly built estate on South Ocean Boulevard features contemporary design and every imaginable amenity, from a beachfront infinity pool to a wellness center and expansive indoor-outdoor entertainment spaces. It sits on a rare double lot with over 125 feet of direct Atlantic frontage, which undoubtedly contributed to its record price.
While Premier Estate Properties was not the listing brokerage for this particular sale, our market experts monitored it closely – and even lent insight to media discussions about the booming demand for ultraluxe new construction. The sale’s coverage in the Business Journal and other outlets emphasized what we at Premier have also been experiencing: wealthy buyers are willing to pay a premium for top-quality, move-in-ready homes in South Florida’s prime locations. A $59M transaction in Delray Beach (historically a quieter neighbor to Palm Beach) signals the broadening of the high-end market and validates that exclusive enclaves throughout the region are on the radar of global buyers.
For Premier’s clients, this news is very encouraging. It showcases a robust seller’s market in the ultra-high-end segment and sets pricing benchmarks that can benefit nearby properties. As the boutique firm specializing exclusively in properties over $1M (with many in the eight-figure range), Premier Estate Properties has the on-the-ground perspective to advise our clients in light of these trends. In fact, our team has handled numerous significant Delray Beach sales over the years, and we’ve cultivated an extensive database of luxury buyers who are actively seeking their dream home here.
The Delray $59M sale exemplifies the kind of success story we strive to replicate – through exceptional marketing and a finger on the pulse of buyer preferences. It’s also a reminder that aligning with a brokerage deeply entrenched in the luxury market (and connected to every top deal, whether we broker it or not) is key when navigating such a rarified space. Premier agents often have buyers waiting in the wings for opportunities like the Mark Timothy mansion; we understand how to attract those buyers and negotiate at the pinnacle of the market.
The ultra-luxury market is achieving record highs. If you’re a homeowner wondering what your property could be worth in this climate, or a buyer seeking your own piece of paradise in South Florida, now is the time to act. Contact Premier Estate Properties for discreet, savvy guidance. Whether it’s a $5M condo or a $50M+ oceanfront estate, our unmatched experience in the top tier of the market will ensure you make the most informed decisions – and potentially set some records of your own.
